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Microip's Impressive Launch on Taiwan's Emerging Stock Market

On December 9, Microip (Ticker: 7796) made a significant entry into Taiwan's Emerging Stock Market, boasting a reference price of NT$60 per share. The trading day began with the stock opening at NT$74.5, and it peaked at NT$103, marking an impressive increase of nearly 72% from its initial price. The offering, facilitated by Concord Securities, brings a fresh wave of optimism to the semiconductor sector in Taiwan.

A Breakthrough in IC Design Services

Microip specializes in integrated circuit (IC) design, positioned at the forefront of technological advancement in semiconductor solutions. Their innovative offerings include an ultra-fast R&D platform, designed to meet the increasing demands for faster and more efficient chip design. This robust platform allows the company to cater to various sectors, especially in artificial intelligence (AI) and Internet of Things (IoT) applications.

The company has secured numerous IoT projects with major international corporations, focusing on areas including near-field communication (NFC), security modules, and wireless charging modules. Microip is also branching into AI applications, targeting intelligent healthcare, industrial automation, and smart city initiatives.

Growth Across the Board

As of December 2024, Microip's paid-in capital reached an impressive NT$229.63 million. The company's design services have increasingly attracted global clients, benefiting from the rapidly expanding AI and AIoT markets. According to recent reports, the AIoT market is projected to grow from $7.52 billion in 2023 to $9.98 billion by 2024 and could climb to $31.05 billion by 2028. This growth is primarily driven by advancements in 5G technology, edge computing, healthcare solutions, and smart urban planning.

For the first half of 2024, products including their NFC and AI software solutions generated NRE revenue amounting to NT$15.04 million, surpassing their entire earnings from the previous year. In November alone, accumulated revenues reached NT$64.93 million, reflecting a remarkable year-on-year increase of 183%, with November revenues soaring by an astounding 1,312.4%.

Building Trust and Competitiveness

Microip's unique, non-design-focused approach is garnering attention from industry leaders like MediaTek, WT Microelectronics, and Qualcomm. By enabling clients to develop customized application-specific integrated circuits (ASICs) through an efficient design model and open foundry selection, Microip is rapidly establishing itself as a trusted partner in the semiconductor industry.

Looking forward, the company aims to leverage its advanced design platform to shorten product development cycles and enhance its competitive edge in semiconductor design and AIoT. Planned investments in sectors like wireless charging, industrial automation, and smart cities are expected to further strengthen Microip’s influence in the market, allowing clients to bring next-generation products to market swiftly.

Conclusion

Founded in Taiwan, Microip combines expertise in IC design and AI services, along with intellectual property licensing. By allowing businesses access to unused IP, they are reducing costs and expediting design cycles. For more insights, visit Microip's official website.