2454 TT
MediaTek Inc.
TMT
04/10/2014
Presented
| Date | 04/08/2014 |
| Price | NT$460.00 |
| Market Cap | $22.70B |
| Ent Value | $19.26B |
| P/E Ratio | 15.66x |
| Book Value | NT$158.15 |
| Div Yield | N/A |
| Shares O/S | 1,562.80M |
| Ave Daily Vol | 6,740,000 |
| Short Int | N/A |
Current
| Price | NT$1,300.00 |
| Market Cap | $65.95B |
| MediaTek Inc., a fabless semiconductor company, is engaged in the research, development, production, manufacture, and sale of various integrated circuits (ICs) in Taiwan, Asia, and Internationally. It provides multimedia ICs, computer peripherals oriented ICs, consumer-oriented ICs, and other application ICs. The company offers chipsets for smartphones, tablets, and feature phones; and HDTV, 3D TV, and smart TV platforms that support video on demand, video calls, and a range of wireless network standards for access to content. It also provides home and portable platforms with video and audio codec support, and proprietary technology to enhance picture quality; and read-only and rewritable DVD and Blu-ray technology for internal and external optical drives. In addition, the company offers near-field communication technology for smartphones and tablets; wired and wireless technology for customer premises equipment; 802.11x Wi-Fi technology for the use in home routers, consumer electronics, PCs, and mobile devices; and Bluetooth chips for applications in mobile handsets, sat-nav devices, and games, as well as global navigation satellite system technology for consumer devices. Further, it provides wireless charging systems; and CorePilot, a multi-processing technology for task scheduling and performance. Additionally, the company offers design, test runs, maintenance, repair, and technological consultation services for its products, as well as is involved in the import and export of its products. The company also sells and delegates patents and circuit layout rights. MediaTek Inc. was founded in 1997 and is headquartered in Hsinchu, Taiwan. |
Highlights
The presenter is long shares of MediaTek and believes the company is well positioned to take share from Qualcomm and compete in China and potentially globally. In the $1 billion Chinese market (Android), he said Qualcomm has roughly 45% share of the market, Mediatech is 25%, and Spreadtrum is at 15%; his basic thesis is that Qualcomm’s share has peaked and will decline for a couple of reasons, including a lack of R&D in China, and government support for SOE-owned Spreadtrum.
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