The spike demand of the ICT products including smart phone during the COVID period has created slow demand of the ICT products in the past 9 months. Despite of the slowdown of the semiconductor market globally, the Company has experienced a steady increase in the demand of the chips for the industrial applications. The demands for Internet of Things and Artificial Intelligence for automotive, medical, computers and communication are strong. Companies are back to business as usual and investing in digitalizing and automating their operation to the next level. The Company has announced a total of RM70M of projects since November 2022 and the outlook is good for the foreseeable near future. The Group sees stronger demand in AI chips for different applications and increasingly strong demand for IOT and high precision sensor chips and power devices for various chargers. The Group is well positioned to capitalize on this growing demand.
That's old news. The market has already assimilated it. The problem is now market is bad and many don't trust the boss. That's the likely reason it doesn't move much or not moving at all.
KEYASIC has its own AI chip for image processing. This is true. With recent up to date project awarded rm70mils.. I will be much anticipate better earning ahead. Furthermore, nvidia AI GPA is so hot recently spike double up the share price. KEYASIC AI imaging shld do well, I guess or rather say I hope
That's a fair comment. Thanks for the info. Let's hope it turns out well. Probably that's the reason why Keyasic is looking in the other direction now. The initial plan to acquire a fab in US probably is not feasible at the moment. If that is the case, the company has good vision.
The increasing project award is the outcome of US sanction for KEYASIC. Hopefully more award coming. It is in the very attractive position in cheap low price now
Yes. It seems like a good prospect. Keyasic is in a good position to design lower end chips for use in EV and AI. It definitely doesn't have what it takes to design higher end chips. That's what China is focusing on now. It will try to find a way round US sanctions
IoT and AI have good prospects. USA is experiencing an ageing population and mounting healthcare cost. Mr. Eg's move into the US market might be a good one looking at these factors
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
1234rich
273 posts
Posted by 1234rich > 2023-03-21 09:32 | Report Abuse
Funny...awarded project but price go down..hahaha