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Microip's Historic Debut on Taiwan's Emerging Stock Market

On December 9, 2024, Microip (Ticker: 7796), a rising name in IC design services, made its debut on Taiwan's Emerging Stock Market with a reference price of NT$60 per share. The company's stock opened at NT$74.5 and surged to an impressive high of NT$103, reflecting a staggering increase of nearly 72%. This listed entry marks a crucial turning point, injecting much-needed momentum into the semiconductor sector, particularly aligned with the growing demands in technology.

Microip stands out with its pioneering solutions such as the Ultra-Fast IC Design Platform, which is set to transform the landscape of semiconductor design. The platform enhances Microip's capabilities in the growing markets of semiconductor design, AI, and IoT technologies. This development is further supported by its debut through Concord Securities, promising fresh investment opportunities and growth potential in the tech-driven market.

A survey of Microip's operational achievements reveals its proactive stance in securing Non-Recurring Engineering (NRE) projects with major corporations internationally. These projects encompass crucial components like NFC, security modules, and wireless charging technologies, enabling an expansion into significant sectors such as AI-driven healthcare, industrial automation, and smart city solutions. Notably, the introduction of a CUDA-like Software Platform will significantly improve ASIC chip efficiency for various AI applications, a vital enhancement for future tech endeavors.

Furthermore, the company's financial health appears promising, with paid-in capital reported at NT$229.63 million amid a flourishing AI and AIoT (Artificial Intelligence of Things) market. The demand for Microip's IC design services and AI software platforms has seen a marked rise, attracting a plethora of global clients eager to leverage their services. Revenues emanating from NFC and AI software solutions have recorded notable growth, generating NT$15.04 million in gross profits within the first half of 2024—already exceeding the totals for the entire year of 2023. By November 2024, cumulative revenues reached NT$64.93 million, showcasing a staggering 183% year-on-year growth, alongside an extraordinary increase of 1,312.40% in November alone.

According to insights from The Business Research Company, the AIoT market is projected to surge from US$7.52 billion in 2023 to a forecasted US$31.05 billion by 2028, driven largely by advancements in 5G technology, edge computing, healthcare innovations, and the ever-evolving smart city landscapes. Microip's distinct designless approach emphasizes customizing ASICs via effective design processes and open-foundry selections, earning them trust from key players like MediaTek, WT Microelectronics, and Qualcomm. This client-centric methodology is expected to solidify Microip's stature within the semiconductor industry.

In view of the future, Microip aims to capitalize on its Ultra-Fast IC Design Platform to further reduce development timelines and improve competitiveness within the sector. The company is poised to broaden its impact across semiconductor design and AIoT applications while investing significantly in emerging technologies such as wireless charging systems, industrial automation, and smart city projects. This forward-thinking approach is crucial for assisting clients in quickly bringing next-generation products to market, establishing Microip as a formidable force in the dynamic and rapidly evolving tech landscape.

In conclusion, Microip serves as a testament to Taiwan's burgeoning tech scene, bringing cutting-edge solutions to the semiconductor sector. With their ongoing plans for innovation and expansion, Microip is not only enhancing its own competitive edge but also contributing significantly to the growth and evolution of the tech industry.

For more information, visit Microip's official website.