Search Results

Search Results


Sort by

Date Range

Resource Types

Research Fields

Filter by Keyword(s)

keyword:CY Yao19 result(s)

Press Releases
Uncertainties in US-China Trade Negotiations to Become the Greatest Headwind for Revenue Growth of Global Top Ten IC Designers 2019, Says TrendForce


Consumer Electronics / Semiconductors

TrendForce has released its 1Q19 rankings for the top ten IC design companies worldwide by revenue, which showed only MediaTek maintaining a small growth among the top five as Broadcom, Qualcomm, Nvidia and AMD all showed declines Nvidia declined the most by 244% YoY due to unfinished destocking TrendForce Senior Analyst CY Yao points out that, although major IC design businesses around the globe performed well in 2018, the US-China trade dispute and the slowing of the overall China Market caused the global market to swing to a rather conservative mood in 2019, leading to less-than-satisfactory performances for many IC design companies in 1Q19 The reason for Nvidia's declining the most lies in unfinished destocking of its graphics cards for gaming, the revenues from which plunged by 409% YoY in 1Q The datacenter market, which formed another main source of growth, showed the first decline in three years as hyperscale datacenters and businesses gradually reduced procurements for GPUs Nvidia's 2Q revenue is expected to keep on declining and register a 20% slide YoY Broadcom was affected by the US Commerce Department's motion to place Huawei, a Broadcom customer, on the Entity List during the US-China trade dispute, with their semiconductor department registering a YoY revenue fall in 1Q However, CA Technologies will be contributing to Broadcom's overall revenue after its acquisition by Broadcom In 2Q, as the US-China trade dispute keeps seeing new heights, revenue is expected to keep on declining by about 7% YoY Due to the evident fall in smartphone demand, Qualcomm's smartphone chip shipments have declined by 171% YoY in 1Q And although MediaTek was also affected by the global smartphone market, it managed to post positive growth in 1Q due to the adoption of its products by the likes of OPPO and Xiaomi since last year, and the strides made in the smart home market The outlook for 2Q shows a discrepancy in revenue due to fluctuating currency conversion rates: Calculations show revenue declining slightly YoY by 15% in USD, but growing YoY by about 2% in TWD Novatek and Realtek all performed well in 1Q Despite limited growth momentum for smartphones all over the world, TDDI and AMOLED panels have become the next big thing in this market As penetration rates climbed, Novatek was able to ride the bandwagon and give a stellar performance, scoring above Realtek and snatching eighth place in revenue rankings Realtek benefitted from the telecommunications and the display markets, as well as hot market demand for TWS Bluetooth earbuds, and maintained revenue growth in 1Q The outlook for the whole 2019 year presents rising tensions between US and China and a slowing global end market If US-China relations don't smooth down after the G20 summit, they are feared to continue affecting revenue performances of IC design companies worldwide in 2H

Press Releases
Global Top Ten IC Design Companies Ranked by Revenue; Only Qualcomm and MediaTek Suffered Decreases, Says TrendForce



According to TrendForce's latest statistics, the global top ten IC design companies, ranked by revenue, have just come out, with Broadcom, Qualcomm and NVIDIA, taking first, second and third, respectively Among the top ten, Qualcomm suffered the largest decline due to the weak smartphone demand, with its revenue dropping by 39%; MediaTek was likewise impacted by the unsatisfactory smartphone demand, and suffered a decline of 07% (in USD) in annual revenue, but only 01% in TWD TrendForce's senior industry analyst, Chia-Yang, Yao, points out that, although Qualcomm's 2018 product strategy had been rather proactive, its phone chips suffered a drop in shipments and further affected revenue performance, due to Qualcomm's having lost Apple's 2018 order for the new LTE Modems and Huawei steadily increasing its proportion of Kirin processors In contrast, MediaTek kept on adjusting its product portfolio and cost structure, which greatly diminished their revenue decline Looking at the overall situation of the top ten IC design companies of 2018, we see that eight enjoyed a positive growth in annual revenue compared to 2017 This was mainly the result of the steady growth momentum in end markets such as telecom infrastructure, data center and TVs; acquisitions served as secondary reasons for the improvement in revenue Companies that benefitted from market growth momentum include Broadcom, NVIDIA, Advanced Micro Devices (AMD), Xilinx, Novatek and Realtek; those that benefitted from acquisitions include Marvell and Dialog Semiconductor AMD performed quite excellently in 2018, second only to NVIDIA in terms of growth The main reason for this was the brilliant performance of AMD's Computing and Graphics products, with a revenue of US$413 billion, and a growth of 386% This was thanks to AMD's gradual adoption of the 7nm process for its Computing and Graphics products, granting them a successful entry into the server market However, it must be noted that a large number of companies performed lower than originally predicted by market forecasts in 4Q18, including companies such as NVIDIA, Marvell and Dialog Semiconductor, whose finanical forecasts corrected down In the case of NVIDIA, at least 50% of its revenue derives from games, but games have slid greatly in revenue last season, causing total revenue performance not to go as others expected in 2018 This also shows that NVIDIA's gaming graphic card inventory levels have yet to be completely cleared, and will probably still require one or two seasons for clearance and a chance to return to normal operating performances Nevertheless, it snatched the crown among the top ten IC design companies in growth Looking ahead at 2019, Chia-Yang, Yao predicts that the top ten IC design companies will be dragged down by numerous factors, such as the continual decline in smartphone growth, and the fact that 5G or foldable smartphones will merely remain hot-topics, with shipments and penetration rates realized in limited quantities Huawei is still taking a rather aggressive stance in the smartphone market, which is bound to limit the market performances of other OEMs, and will prove to be disadvantageous to Qualcomm's and MediaTek's market performances in 2019 Growth on the server side is predicted to drop below that of 2018, mainly due to all the big CSP companies' data centers coming into place, gradually reducing their need for servers Furthermore, demand in the global car market may become suppressed under Trump's promotion of protectionist policies and the US-China trade dispute Thus we hold a comparatively cautious view on the 2019 revenue performance of the top ten IC design companies

Press Releases
Only Qualcomm Reported to Post Slight Decline Among Top Ten Fabless IC Design Houses by 3Q18 Revenue, Says TrendForce



TrendForce announced the ranking of top 10 fabless IC design houses worldwide based on their revenues for 3Q18, among which Qualcomm was the only one to post a slight decline The other nine companies all registered year-on-year growth in their revenue, driven by segments like networking, data center, automotive application and consumer electronics Taiwan-based IC design houses in the ranking, including MediaTek, Novatek, and Realtek, showed remarkable performances in the third quarter due to stock-up demand from consumer electronics makers for the upcoming holiday sales MediaTek has recovered from the revenue decline since the second quarter this year and grew by 3% in the third quarter However, the only company in the ranking to see a drop was Qualcomm with a revenue decline of 01% YoY in 3Q18, “Qualcomm has adopted an aggressive product strategy, introducing five new processors with different market positioning by the end of the third quarter,” says senior analyst CY Yao from TrendForce Its comprehensive product ranges also contributed to the shipment growth However, the slowdown in the global smartphone market has resulted in lower prices, leading to a drop in Qualcomm’s revenue The largest move upward in the revenue growth came from NVIDIA, which benefited from strong momentum in segments like gaming, professional vision, data center and automotive applications Particularly, a remarkable revenue growth of 653% YoY was recorded for NVIDIA’s data center IC business in the third quarter Following NVIDIA, Marvell registered the second highest revenue growth After the acquisition of Cavium, Marvell’s revenue increased by 282% YoY in the third quarter, which brought Marvell to the sixth place in the ranking, surpassing Xilinx The design houses headquartered in Taiwan kept pursuing better performances during the past quarter MediaTek registered a rise of 3% YoY in sales in 3Q18, thanks to its continuous adjustments in product mixes The company has allocated more capacity to its products on 12nm process and improved the cost structure of processors It turned out to achieve a gross margin of 385% in the third quarter, the highest quarterly margin since 2016 On the other hand, Novatek’s SoC products received wider market reception, benefited from the favorable demand from global TV market As for Realtek, it showed a growth of 79% YoY in the third quarter, driven by the growing networking market in China and the coming of year-end sales Looking ahead to 4Q18 and 1Q19, Qualcomm will continue to deploy its aggressive product strategy in segments like RF transceiver components, automotive electronics and the Internet of Things However, it remains to be seen whether the product adjustments can moderate the loss brought by the slowdown in the global smartphone market, says Yao On the other hand, MediaTek has entered a period of stable development after one year of adjustments in operation and product portfolio, despite the impacts from lower smartphone sales Despite the highest revenue growth among the top IC design houses, NVIDIA was short of the market expectations in terms of the results of revenue due to the lower-than-expected gaming sales The gaming segment always contributes to the majority of NVIDIA’s revenue For instance, graphics cards for gaming represent 60% of the company’s sales in 3Q18 However, the decreasing demand for cryptocurrency mining has resulted in excess Pascal mid-range gaming card inventory in the channel In response, NVIDIA is bound to clear out inventory as soon as possible to facilitate the better sales of its new graphics cards with Turing architecture GPU Therefore, NVIDIA may anticipate a period of adjustment in the near future with the revenue outlook impacted, as a result from selling the excess channel inventory of midrange Pascal products

Press Releases
Qualcomm Has Given up on Acquiring NXP, and May Face More Challenges in the Future, Says TrendForce


Semiconductors / Telecommunications

Qualcomm, the leading manufacturer of telecommunications chips and mobile processors, announced its decision to terminate the $47 billion purchase agreement to acquire NXP, a Dutch company known for automotive and IoT chips, after China’s Ministry of Commerce failed to approve the deal Qualcomm’s business has been influenced by the slowing smartphone sales recently, and would face more risks brought by the saturated market in the future, says TrendForce Qualcomm has been influenced by slowing smartphone sales and licensing business According to TrendForce analyst CY Yao, the global smartphone market has been saturated, but it is still unclear whether 5G could bring new growth momentum to the whole industry As the business models for 5G are not yet clear, it is uncertain whether 5G developments could lead to new replacement purchases The market situation will still depend on the attitude of telecommunications operators in the near term Yao notes that, based on the performance of Qualcomm, it is hard for the company to achieve future growth with revenue from the smartphone market alone Moreover, its lower-than-expected revenue from licensing business, QTL, may also influence the company’s profitability in the future In order to make breakthroughs in the short term, Qualcomm would continue to strengthen the sales of RFFE products, and to increase the market share in IoT and automotive sectors The impacts of the failed acquisition on Chinese domestic semiconductor industry On the other hand, China has been investing heavily in its domestic semiconductor industry, and Chinese chipmakers would buy some time for development after the failed acquisition If the deal were approved, Qualcomm would be able to significantly improve its technical strength, develop a wider range of solutions, and diversify its customer base This would be a huge challenge or even risk for Chinese chipmakers and the domestic semiconductor industry of China JAC Capital has bought RFSOI and the Standard Products business of NXP in 2016, showing that NXP has a good relationship with China-based funds If the management board of NXP decides to sell the company, then China is bound to take action, such as buying NXP to improve the country’s technical strength in developing chip solutions If NXP is not to be sold, China will still continue to develop its domestic semiconductor industry Chinese chipmakers will aim to provide domestic-made chips for automotive, IoT, and security applications

Press Releases
AMD Witnessed the Highest Revenue Growth in 1Q18, Reports TrendForce’s Latest Revenue Ranking of Top 10 IC Design Houses Worldwide



TrendForce has reported the revenue ranking of the global top 10 fabless IC design houses for 1Q18 MediaTek and Novatek showed declines compared with the same period of last year, while other companies staged revenue growth Among them, AMD witnessed a remarkable year-on-year growth of 674%, while NVIDIA staged a growth of 506% TrendForce analyst CY Yao points out, "the considerable growth of AMD was attributed to the strong sales gained from its computing and graphics businesses, which registered a YoY growth of 880%" AMD’s lower-than-expected revenue performance in 1Q17 also brought the growth rate to a high level Moreover, the rising trend of cryptocurrency mining has also pushed the demand for new-generation graphics chips, which enable high performance computing In addition to considerable revenue growth, AMD also acquired a net income of US$81 million, the highest over the past four years NVIDIA also saw high revenue growth driven by gaming and server markets NVIDIA's gaming segment earned $US1728 billion in 1Q18 while its server segment earned $US 669 million, a growth of 524% and 803% respectively It is worth mentioning that, in NVIDIA’s earnings for OEM sales, $US289 million came from cryptocurrency related businesses, which shows how graphics chip makers have benefited from the global boom in cryptocurrency mining The smartphone market entered its traditional off-peak season earlier in the end of 2017 as the sales of new devices turned out to be lower than anticipated and the inventory levels went high The major phone vendors have been more conservative towards the market situation in 2018, which resulted in fewer smartphone chip orders for Qualcomm and MediaTek Qualcomm recorded a revenue of US$3897 billion in 1Q18, but the performance was apparently weaker than the previous period, when Qualcomm achieved a revenue over US$4 billion for three consecutive quarters (2Q17-4Q17) The revenue performance of MediaTek in 1Q18 was also lower than expected This has been the fourth consecutive quarter for the company to see a year-on-year revenue decline However, the gross margin of MediaTek has gradually recovered For example, its gross margin for 1Q18 was 384% since the company’s adoption of 12nm process in manufacturing of P60 processors makes it more competitive in the market Moreover, major vendors like OPPO have released new-generation models that adopt P60 processors, which will push the gross margin further although the preliminary shipments remain low for now However, P60 products were released in the first quarter of this year, so they will not make significant contribution to the revenue until the second quarter, at the soonest As for Qualcomm and MediaTek’s performance in 2Q18, Yao says, “currently there is no further news about Qualcomm's next-generation Snapdragon 700 processors, which may influence the smartphone makers’ development of high-end models this year” If MediaTek can promote the clients’ adoption of P60 products and enhance technical support for key clients while maintaining the gross margin, Qualcomm’s financial performance in the second quarter may be more or less challenged For the revenue ranking of the global fabless IC design houses for 2Q18, the top five companies are expected to remain in the places, but Marvell may have a chance to surpass Xilinx, ranking the sixth It has been confirmed that Marvell would acquire Cavium to further improve the integrity of its solutions for networking and server markets Cavium’s revenues have been remained in the range of $US220 to 250 million since the fourth quarter of 2016 The revenue will be added to Marvell’s in 2Q18 when the acquisition is completed

  • Page 3
  • 4 page(s)
  • 19 result(s)