#Taiwan #Taipei #AI Technology #Microip #IC Design

Microip's Promising Launch

On December 9, Microip (Ticker: 7796) made a significant entrance onto Taiwan's Emerging Stock Market, with an initial reference price set at NT$60 per share. The excitement surrounding the company was palpable, as its stock opened at NT$74.5, surging to a high of NT$103 within the same trading session. This remarkable performance represented an impressive 72% increase from the reference price, signaling strong investor interest in the company's innovative capabilities in IC design.

Microip operates at the cutting edge of semiconductor technology, boasting an 'Ultra-fast IC Design R&D Platform' that enables rapid advancement in chip development, especially in the fields of Artificial Intelligence (AI) and Internet of Things (IoT). The company has secured numerous non-recurring engineering (NRE) projects with major global players, which include modules for Near Field Communication (NFC), security, and wireless charging. Furthermore, Microip is entering AI sectors like smart healthcare, industrial automation, and smart cities.

At the core of Microip’s appeal is its unique approach to ASIC (Application-Specific Integrated Circuit) development. By introducing a CUDA-like software platform, Microip enhances the efficiency of ASIC chips, making them highly suitable for AI applications. This innovative design paradigm opens new frontiers, allowing clients to develop tailored ASICs efficiently by leveraging open-foundry selections tailored to their project needs. The firm’s impressive roster of clients includes industry leaders such as MediaTek, WT Microelectronics, and Qualcomm, all of whom trust Microip's expertise in audiovisual and tech design.

With a paid-in capital of NT$229.63 million, Microip is strategically positioned to capitalize on the growth of AI and IoT markets. Its NRE revenue generated approximately NT$15.04 million in gross profit during the first half of 2024, surpassing the total gain for the entire year of 2023. Cumulative revenues reached NT$64.93 million by November, marking a staggering 183% increase from the previous year, with November alone witnessing a 1,312.40% rise.

According to market projections from The Business Research Company, the AIoT sector is on a rapid growth trajectory, forecasted to accelerate from a value of $7.52 billion in 2023 to about $31.05 billion by 2028, driven by key innovations in 5G, edge computing, healthcare, and smart cities. Microip's forward-looking strategy involves the utilization of its Ultra-fast IC Design R&D Platform to shorten development cycles and enhance competitiveness in the semiconductor field. The company is committed to expanding its influence in semiconductor design and AIoT, planning further investments in technologies such as wireless charging, industrial automation, and smart city categories.

Microip, founded in Taiwan, specializes in IC and AI design services, along with licensing intellectual property. Their platform promotes efficient use of unused IP, helping companies reduce costs and streamline design cycles. Additional information is available at Microip's website.

This debut marks a pivotal moment not only for Microip but for the broader semiconductor industry in Taiwan, showcasing how strategic innovation can attract significant investor interest and drive sectoral growth. With its unique offerings and robust market demand, Microip is set to play a pivotal role in the evolution of next-generation technology and design.