|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||895.00 - 930.00|
|52 Week Range||273.00 - 1,010.00|
|Beta (5Y Monthly)||0.76|
|PE Ratio (TTM)||35.76|
|Earnings Date||Apr 26, 2021 - Apr 30, 2021|
|Forward Dividend & Yield||10.50 (1.17%)|
|Ex-Dividend Date||Jul 06, 2020|
|1y Target Est||279.06|
Taiwanese chip designer MediaTek Inc on Monday released a new 5G chip aimed at helping it gain market share in the United States. Along with Qualcomm Inc and Samsung Electronics Co Ltd, MediaTek is one of the few suppliers of modem chips that help devices such as smart phones connect to cellular data networks. The company supplies chips to phone makers such as Xiaomi Corp and LG Electronics Inc, among others.
MediaTek today announced its new M80 5G modem which combines mmWave and sub-6 GHz 5G technologies onto a single chip. The M80 supports ultra-fast speeds on both non-standalone (NSA) and standalone (SA) architectures, with a peak rate of 7.67 Gbps in the downlink and 3.76 Gbps in the uplink. The M80 also supports dual 5G SIM, dual 5G NSA and SA networks, and dual Voice over New Radio (VoNR) for more reliable connectivity.
(Bloomberg) -- Biden administration officials have called an ad-hoc meeting next week with Taiwan government and industry officials, during which they’re expected to pressure Taiwan Semiconductor Manufacturing Co. and its peers to ramp up the supply of vital chips to American automakers.The virtual conference scheduled for Thursday U.S. time would be the most high-profile meeting between newly appointed Biden administration officials and their counterparts from Taipei. Deputy Assistant Secretary of State Matt Murray and Acting Deputy Assistant Secretary of Commerce Richard Steffens are scheduled to confer with Taiwan Minister of Economic Affairs Wang Mei-hua, people familiar with the matter said. Executives from the island’s largest chipmakers including TSMC and MediaTek Inc. will also attend a discussion centered on resolving a global shortage of auto chips, they said.The meeting is intended to forge closer ties between the two sides, the ministry said in a statement to Bloomberg News, without elaborating on the agenda or final attendance list. Chinese Foreign Ministry spokesman Zhao Lijian told a regular news briefing Friday he wasn’t aware of the meeting, but reiterated that Beijing “opposes official interactions between the U.S. and China’s Taiwan region.”Global carmakers such as General Motors Co. and Ford Motor Co. face potentially $61 billion of lost revenue for the year because they can’t secure enough of the chips that go into a plethora of vehicle parts. TSMC and other Taiwanese firms are among the world’s most sophisticated chipmakers and produce a significant portion of the semiconductors for everything from cars to laptops.Read more: A Year of Poor Planning Led to Carmakers’ Massive Chip ShortageThis week, TSMC vowed to reallocate capacity to support the global automotive industry. Some industry observers say the shortage stemmed from near-sighted planning and under-estimation of a post-Covid rebound in automobile demand, while others argue chipmakers are prioritizing higher-volume and more lucrative consumer electronics such as smartphones.The quagmire reveals the risks for automakers like Ford and Volkswagen AG as vehicles become smarter and technologically more complex. Carmakers with more software and chip expertise are set to face a smoother ride, while those whose traditional strength in metal-bending are potentially more prone to supply hiccups.The people familiar with the meeting details asked not to be identified talking about a private arrangement that has yet to be made public. A spokesperson for the U.S. State department declined to comment. Representatives for the U.S. Commerce Department, TSMC and MediaTek didn’t respond to requests for comment.“We continue to engage with government officials as this remains a critical issue,” said Matt Blunt, president of the American Automotive Policy Council, the lobbyist for the Detroit-based automakers GM and Ford as well as the U.S. operations of Stellantis NV (formerly Fiat Chrysler). “We are grateful for the Biden administration’s ongoing assistance and hope it can continue as more key positions are filled.”The meeting will take place as Biden’s administration signals strong backing for an island China claims as its own. The U.S. State Department this week urged China to engage in a dialogue with Taiwan and halt military pressure on the island, in an early nod of support for Taipei.Disputes over Taiwan, which has been one of the biggest flash points between the U.S. and China since the Cold War, have returned to the fore as Washington steps up support for Taiwanese President Tsai Ing-wen.Read more: U.S. Urges China to Talk With Taiwan in Early Nod From Biden(Updates with China’s response in the third paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.