Elan Microelectronics News Today

Stock Code: 2458 ELAN MICROELECTRONICS CORP. ANNUAL REPORT 2023 EMC Annual Report is available at:...

Goldman Sachs is bullish about generative artificial intelligence: It expects it will drive upside in the broader S&P 500 — and one specific corner of tech.

IC design houses including MediaTek and Qualcomm continue to see sluggish demand from Chinas mobile phone market and are generally bleak about market prospects for 2023.

Taiwan-based Elan Microelectronics expects replenishment demand for Chromebooks and other notebook devices will buoy its sales performance in 2Q23; however, order visibility for 2H23 remains unclear.

Taiwan-based IC design houses are devoting themselves to the development of related AI technologies, as the application of large language models (LLM), such as ChatGPT, continues to grow.

Peripheral IC demand for Chromebooks and gaming notebooks have picked up since the first quarter of this year, according to sources at IC design houses.

Taiwans IC design houses managed to end the first quarter of 2023 with impressive revenue performances, bolstered by larger-than-expected replenishment orders and shipments, but it remains to be seen whether the short-term robust rush orders can serve as a prelude to medium- and long-term demand recovery, according to industry sources.

Major Taiwan-based IC design houses such as MediaTek, Novatek, Realtek, Elan, Parade, and GMT are responding to the market slowdown in their own ways, but all anticipate recovery in 2H23.

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