In today’s briefing:
- Taiwan Tech Weekly: Mediatek’s New Chip Could Outperform Apple’s; Samsung Beats TSMC, Wins Nintendo
- Initial Thoughts on the Karrot (Danggeun) IPO (Largest Used Goods E-Commerce Platform in Korea)
- Silicon Labs: Strong Market Momentum in Key Segments & Other Factors Driving Our Optimism!
- Qorvo’s Proprietary Chip Tech Might Just Help Lock In Billion-Dollar Smartphone Wins; What’s The Expected Revenue Impact?
- Wix.com Expands Its Empire With Bold Moves in AI
- Plexus Corp.: An Insight Into its Recent Healthcare and Life Sciences Sector Growth & Other Major Drivers!
- Uchi Technologies Q1 FY25: Guidance Scrapped In The Wake Of Global Uncertainty
- Amphenol Corporation: The 6 Most Significant Forces Steering Its Performance into 2025 & Beyond!
Taiwan Tech Weekly: Mediatek’s New Chip Could Outperform Apple’s; Samsung Beats TSMC, Wins Nintendo
- Rumors That Mediatek’s Upcoming Chips Could Outperform Apple’s Chips Used in the iPhone 17
- Samsung Beats TSMC to Win Key Nintendo Switch 2 Contract
- PC Monitor: Commercial PC Demand Resilient; AI PC Momentum Builds W/ NVDA Blackwell-Powered Launches
Initial Thoughts on the Karrot (Danggeun) IPO (Largest Used Goods E-Commerce Platform in Korea)
- Danggeun (Karrot) is the largest used goods e-commerce marketplace in Korea. There have been some local reports that the company could complete its IPO as early as 2025.
- In the private market, some shares of Karrot were put up for sale recently, and the valuation of the company ranged 2.5 trillion won 2.7 trillion won.
- The company has tremendously scaled up its business in the past couple of years, in terms of sales and profits.
Silicon Labs: Strong Market Momentum in Key Segments & Other Factors Driving Our Optimism!
- Silicon Laboratories, a prominent player in the semiconductor industry, rounded off the first quarter of fiscal year 2025 with robust performance metrics that underscore their strategic positioning and forward momentum.
- The company reported a revenue of $178 million, marking a sequential growth of 7% and a 67% year-over-year increase, aligning with the projections provided in their guidance.
- A substantial portion of the growth can be attributed to their Home & Life and Industrial & Commercial business units, which demonstrated impressive resilience and expansion trajectory.
Qorvo’s Proprietary Chip Tech Might Just Help Lock In Billion-Dollar Smartphone Wins; What’s The Expected Revenue Impact?
- Qorvo Inc.’s latest earnings report presents a multifaceted picture of the company’s current position and strategic outlook.
- The report outlines several key areas where the company is making notable progress, as well as some areas of concern.
- On the positive side, Qorvo revealed robust performance in its Advanced Cellular Group (ACG), High Performance Analog (HPA), and Connectivity and Sensors Group (CSG).
Wix.com Expands Its Empire With Bold Moves in AI
- Wix.com Ltd. recently reported its financial results for the first quarter of 2025, showing signs of positive momentum and robust demand for its platform.
- The company’s performance in Q1 demonstrates both the strength of its offering and the challenges and opportunities it faces in a changing macroeconomic environment.
- Positively, Wix’s total bookings were up 12% year-over-year to $511 million, while total revenue increased by 13% to $474 million, surpassing the high end of their guidance.
Plexus Corp.: An Insight Into its Recent Healthcare and Life Sciences Sector Growth & Other Major Drivers!
- Plexus Corp. (PLXS) recently reported its second-quarter fiscal 2025 financial performance, showcasing both advancement and challenges.
- The revenue aligned with projections at $980 million, driven by several strategic wins.
- The company delivered $16.5 million in free cash flow, surpassing previous expectations, and achieved a non-GAAP EPS of $1.66, which exceeded guidance primarily due to robust operating performance and favorable tax implications.
Uchi Technologies Q1 FY25: Guidance Scrapped In The Wake Of Global Uncertainty
- Uchi Technologies (UCHI MK) reported a weak quarter with revenues/profits down 28%/33%. Given the global economic uncertainty, they scrapped their guidance for FY25 (Vs a low-teens revenue decline earlier).
- Profit margins were 47.5% (down 400 bps YoY) for Q1 FY25, although we expect a decline in future quarters due to a strong MYR (the company has USD-denominated revenue).
- Low-Teens guidance had built in a recovery in the later quarters of 2025. With that out of the window, the stock trades at 17.7x FY25 PE (6% dividend yield).
Amphenol Corporation: The 6 Most Significant Forces Steering Its Performance into 2025 & Beyond!
- Amphenol Corporation recently reported exceptional financial results for the first quarter of 2025, driven by broad based demand across its diverse market segments.
- The company achieved record sales of $4.811 billion, representing a 48% increase in U.S. dollars from the previous year.
- This growth was supported by significant organic expansion, with sales up 33%, as well as contributions from acquisitions, notably the newly acquired Andrew business.
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