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Display driver IC (DDI) specialist Novatek Microelectronics has reported revenue increased 7.3% sequentially to NT$24.05 billion (US$789.3 million) in the first quarter of 2023, which came above the company's previously-given guidance.
Artificial intelligence (AI) will be a major application driving the growth of the global semiconductor market, according to Nicky Lu, chairman of IC design house Etron Technology.
Taiwan's main display driver IC (DDI) suppliers, including Novatek Microelectronics and Sitronix Technology, are set to raise their quotes for some new offerings by 10-15% starting in April and will increase wafer starts with foundry partners, signaling a turnaround for the chip segment that was first and worst hit by the sluggish terminal market demand over the past year, according to industry sources.