Original title: Passed MediaTek to seize Cisco ASIC, Board of Directors added Morningstar chairman or warm-up for merger
According to a comprehensive report from Micronet, MediaTek's mobile phone products have passed the good news. Its custom chip (ASIC) has won the order of the world's newest base station equipment from Cisco, and will ship next year. The related chips will be more high-end and will enhance the product. Average price (ASP) adds momentum to operations.
The main products of MediaTek are intelligent machine chips, TV chips, and multimedia chips, but most of them have entered the plateau period. Therefore, they have actively sought to enter into more difficult custom chips in recent years. This year, they also grabbed the first Cisco order from Broadcom.
As the chip design of the next year has been in full swing and the market has spread, MediaTek has successfully obtained orders for Cisco's next year. Compared with the high-end products delivered this year, it helps to increase the ASP.
The supply chain pointed out that MediaTek's shipments to Cisco's ASIC this year were based on the product modification of the subsidiary's Netcom chip factory. After the company made a change to Cisco, it was finally asked to supply it to its low-end central office equipment.
Now MediaTek is redesigned by the parent company's own ASIC team, which is favored and will be used in more central office devices than this year. In terms of chip design and verification schedule, MediaTek second Cisco Netcom equipment ASIC orders will be shipped in the next year, which will benefit shipments and performance next year.
For MediaTek, after accumulating sufficient IP and customer trust, ASIC has become an important battlefield, and customers from Microsoft, Sony, Alibaba, Cisco and so on have gradually gained shipments in these two years.
MediaTek will hold a law meeting on the 27th to announce the first quarter financial report and explain the outlook for the second quarter. Due to a lot of noise in the recent mobile phone market, MediaTek's view is to observe the important ball of wind from the non-Apple camp. ASIC and other non-mobile phone chip line progress, is also expected to become the focus of attention in the industry.
In the first quarter, MediaTek’s revenue for the first quarter was 49.654 billion yuan (NTD, the same below), which was 17.8% lower than the previous quarter. The year-on-year decrease was about 10%, approaching the low of the fiscal measurement; According to its financial statistics, the gross profit margin in the first quarter was about 37. % is plus or minus 1.5 percentage points, single-quarter pre-tax surplus is about 1.646 billion yuan to 2.011 billion yuan, and the net profit per share will fall between 0.9 and 1.1 yuan.
Looking forward to the second quarter, Huawei, OPPO, Vivo, Xiaomi and other branded factories will be ready for new products. The industry predicts that MediaTek will increase the shipment of smart machine chips in the second quarter by one to two percent. The third quarter will enter the peak season and will welcome this year. Operating high point.
Morningstar chairman enters the new list of directors to merge Morningstar warm-up
In addition, MediaTek’s regular shareholders’ meeting will be re-elected to the Board of Supervisors on June 15 this year. The list of new directors will be exposed on the 25th and the total number of seats will be increased by one to nine seats. The original eight directors and independent directors, including the chairman, will remain unchanged. Morningstar chairman Liang Gongwei.
The market expects that MediaTek has found Liang Gongwei to enter the board of directors. It should be in order to fully merge Morningstar. The most profitable subsidiary of MediaTek is Morningstar. After the merger, Pantech’s cross-device influence on TV, mobile phones and other Android platforms is expected to Upgrade, go further in the era of 5G.
MediaTek announced the acquisition of Morning Star in 2012. However, due to the fact that the market share of the two sides in the Chinese TV chip market was as high as 80% at the time, the card was closed for a long time during the anti-monopoly review in mainland China. Finally, the Ministry of the Mainland requires that the two companies must maintain their business within three years. Competing relationship, allowing customers to buffer time, completed the equity merger in February 2014.
Under the Ministry of Commerce's three-year ban, MediaTek chose to let Morningstar operate as a subsidiary. Its own TV chip team also maintained its operations. They developed product blueprints, customers, and markets. They were not officially deregulated until February of this year.
After the ban was lifted, the market once came out and MediaTek reached a consensus internally. In the future, Morningstar may become the third business unit of MediaTek and will merge completely next year.
With Liang Gongwei joining MediaTek's board of directors, the market is also concerned whether MediaTek will discuss related issues on the board of directors this Friday (27th).
The nomination list of the new directors of MediaTek is: Chairman Cai Mingjie, Vice Chairman Xie Qingjiang, Executive Director Cai Lixing, Sun Zhenyao, and Jin Lianxi, five current directors, and three current independent directors, namely Wu Chongyu, Zhang Bingheng, and Tang Mingzhe, all re-elected as candidates. And new faces Liang Gongwei.
2.Qualcom's second-quarter revenue of 5.3 billion U.S. dollars net profit decreased 52% year-on-year
Sina Technology News Beijing time April 26 morning news, Qualcomm today released the second quarter of fiscal year 2018 earnings report. The report shows that Qualcomm's second-quarter net profit of 400 million US dollars, down 52% over the same period last year, 700 million US dollars Revenue was $5.3 billion, up 5% from the $5 billion in the same period last year.
Qualcomm’s second-quarter results beat Wall Street analyst expectations, pushing its shares to rise nearly 1% after the close.
Main achievement:
In the quarter ended March 25, Qualcomm’s net profit was US$ 400 million, which was 52% lower than the US$ 700 million of the same period last year, compared to a net loss of US$ 6 billion in the previous quarter. Diluted share income was US$0.24, 52% lower than US$0.50 in the same period of last year, compared with a diluted loss per share of US$4.03 in the previous quarter. Qualcomm’s operating profit in the second quarter was US$400 million, compared to the same period last year The US$700 million fell by 40%, and the operating profit of the previous quarter was zero.
Excluding special one-time items (not in accordance with US GAAP), Qualcomm’s net profit for the second fiscal quarter was US$1.2 billion, down 40% from US$2 billion in the same period of last year and down from US$1.5 billion in the previous quarter. 19%; Diluted earnings per share was US$0.80, down 40% from US$1.34 in the same period of last year and down 18% from US$0.98 in the previous quarter, but this performance still exceeded analyst expectations. According to financial information provider FactSet The data shows that analysts had expected Qualcomm’s second-quarter earnings per share of $0.70.
Qualcomm’s revenue for the second fiscal quarter was US$5.3 billion, up 5% from US$5 billion in the same period of last year, and down 13% from US$6.1 billion in the previous quarter. Not in line with US GAAP, Qualcomm’s second-quarter revenue It was 5.2 billion U.S. dollars, down 13% from the 6 billion U.S. dollars in the same period of last year and 13% from the 6 billion U.S. dollars in the previous quarter. However, this performance also slightly exceeded analysts' expectations. According to data provided by FactSet, analysts had previously On average, Qualcomm’s second-quarter revenue is expected to be 5.19 billion US dollars.
Department performance:
Qualcomm’s revenue from equipment and services in the second quarter was US$3.936 billion, which was higher than US$3.689 billion in the same period of last year; revenue from authorized revenue was US$1.325 billion, down from US$1.327 billion in the same period of last year.
The high-tech CDMA technology group’s second-quarter revenue was US$3.897 billion, an increase of 6% from US$3.676 billion in the same period of last year, and a 16% decrease from the US$4.651 billion in the previous quarter; pre-tax profit was US$608 million, compared with last year. The US$475 million in the same period grew 28%, which was 36% lower than the US$955 million in the previous quarter. Qualcomm authorized the Group’s second-quarter revenue of US$1.26 billion, which was 44% lower than 22.49 in the same period of last year. The US$1,299 million in the quarter fell by 3%; pre-tax profit was US$850 million, which was 57% lower than the US$1.959 billion in the same period of last year and 4% lower than the US$8.87 billion in the previous quarter.
Costs and expenses:
Qualcomm’s total operating costs and expenditures for the second quarter were US$4.82 billion, which was higher than US$4.287 billion in the same period of last year. Among them, the revenue cost was US$2.239 billion, which was higher than US$2.208 billion in the same period of last year; R&D expenditure was US$1.402 billion. Higher than last year's 1.386 billion U.S. dollars; sales, general affairs and administrative expenses were 869 million U.S. dollars, higher than the 615 million U.S. dollars of the same period of last year; other expenses were 310 million U.S. dollars, higher than the 78 million U.S. dollars of the same period of last year.
Other financial information:
Qualcomm’s operating cash flow for the second quarter was US$500 million, which was 37% lower than the US$800 million of the same period last year and 71% lower than the US$1.8 billion of the previous quarter. Qualcomm’s cash at the end of the second quarter of fiscal year 2018 The total value of cash equivalents and marketable securities was 39.6 billion U.S. dollars, compared with 28.9 billion U.S. dollars at the end of the second fiscal quarter of fiscal year 2017 and 39.9 billion U.S. dollars at the end of the first quarter of fiscal year 2018.
Qualcomm’s effective income tax rate for the second quarter was 1%, and the effective income tax rate that did not comply with U.S. GAAP was 4%.
Qualcomm returned a total of US$1 billion in cash to shareholders in the second quarter of fiscal year 2018, including US$845 million, or approximately US$0.57 per share, in the form of cash dividends, and repurchased 3.1 million common shares. This form returned 200 million U.S. dollars in cash to shareholders. Qualcomm announced on April 17, 2018 that the company will distribute cash dividends of US$0.62 per share to shareholders, which is 9% higher than the previous quarterly dividend. Dividends will be paid on June 20, 2018 to registered shareholders as of the close of business on May 30, 2018.
Performance Outlook:
Qualcomm expects revenue for the third quarter of fiscal year 2018 to be US$4.8 billion to US$5.6 billion, a decrease of 11% from the US$5.4 billion in the same period last year to a growth of 4%, where the value is less than expected; the diluted earnings per share is US$0.35 to US$0.50 , Compared with US$0.58 in the same period of last year, it decreased by 14% to 40%; Diluted earnings per share that did not comply with US GAAP was US$0.65 to US$0.75, a decrease of 10% to 22% from US$0.83 in the same period of last year. Expected. FactSet survey shows that analysts expect Qualcomm’s third-quarter revenue to be 5.28 billion US dollars and earnings per share of 0.70 US dollars.
Change in stock price:
On the same day, Qualcomm’s stock price fell by US$0.19 in regular trading on the Nasdaq, and closed at US$49.75, a fall of 0.19%. After-hours trading ended at 17:32 Eastern Time (5:32 GMT 26). China Qualcomm’s share price rose by US$0.45 to US$50.20, or by 0.90. For the past 52 weeks, the highest price of Qualcomm was US$69.28 and the lowest price was US$48.87. (Tang Feng) Sina Technology
3.Qualong to lay off 1,231 people Some Chinese even volunteered to be fired
According to the US "World News" report, Qualcomm (Qualcomm), the leading telecommunications company in the United States, announced on the 17th that it had laid off 1,213 people, mainly for senior executives. Most Chinese employees have not been affected and have been relieved.
Due to the severance pay of up to 10 months salary, the Chinese engineer Wang Xing was voluntarily dismissed and did not expect to be dismissed by the superior.
In addition to its headquarters in San Diego, Qualcomm also abolished 269 employees in the Bay Area. It is estimated that it will save 1 billion yuan in costs and will take effect on June 19th.
After the Broadcom merger case was vetoed by President Trump, San Diego Qualcomm began to draw up plans for layoffs and took the initiative to solicit volunteers. The Chinese engineer surnamed Wang believes that the detachment program is excellent and that at least half of the expenses may not be used for water and electricity mortgages. In the meantime, they could concentrate on preparing for interviews with other companies. Therefore, they submitted their applications. They did not expect that their departments were understaffed. They did not expect to be dismissed by their superiors.
The Chinese, Mr. Xie, had already heard the news in 2017. His superiors had privately hinted that the company will abolish senior executives, including departments, citizens or green card status, and male-dominated, etc. Each of them is in line with it. Therefore, he abandons the autumn promotion and salary increase. The opportunity to resolutely change the department and temporarily protect the rice bowl. He said that the company has moved its front office's workload to China in recent years, and its headquarters staff has become increasingly free. Under no circumstances, people have already walked halfway. Once again, personnel will be streamlined.
Another Chinese woman, Ms. Chen, thought she was lucky. Her husband just happened to find a new job in other states. She caught the wave of dismissing the train and voluntarily got fired. She took the company’s US$100,000 dismissal, which will take effect in May. The stock can still be taken over, and the rest of the holiday can also be taken over. There is no need to go to work next month. She said: 'Because you were fired, you can still apply to the Social Security Administration for unemployment benefits. The. '
The Chinese Yin and his wife both went to work at Qualcomm. After the husband was fired, the wife also decided to sing and follow her husband and he would not hesitate to leave the company to find a way out. She said: 'I can't stand Qualcomm’s corporate culture. I can't find a job anymore. Yes, there is nothing to be discouraged. In addition, Intel also held an interview forum in San Diego. I believe that I can soon be a colleague again.'
The Qualcomm mothers of the WeChat discussion group reported the situation of their families after the news came out. Most Chinese immigrant families were safe and sound. In addition, H1-B work visas and OPT internship identities, or employees applying for green cards, were rarely included in the dismissal. List. Qualcomm had been charged and lost in 2016 due to discrimination against women in the workplace, and the compensation was $19.5 million. As a result, most female employees did not lose their jobs.
4.Intel's 10nm is difficult, Qualcomm is expected to recapture Apple's baseband orders next year
In the second half of 2016, Apple changed its many years of practice. The iPhone Modem orders were no longer packaged by Qualcomm and changed to Intel and Qualcomm's joint orders and impacted Qualcomm's revenue. According to reports, Intel will kick off Qualcomm in the second half of this year and become An exclusive supplier of iPhone Modem (baseband) chips. Experts believe that Qualcomm does not have to be overly disappointed and that in 2019 it is still expected to recapture all orders.
The Motley Fool reported on the 24th that Intel currently supplies Modem chips for iPhone 7, iPhone 8, and iPhone X. It is the founder of TSMC. It is understood that Intel is ready to withdraw its own system. The second half of this year's Modem chip 'XMM 7560' will be used. Intel's own 14-nanometer production process. KGI’s renowned analyst Guo Minghao predicts that the iPhone Modem chip will be dominated by Intel in the second half of the year.
However, this does not mean that Qualcomm has no hope. SemiAccurate alleges that Intel's new Modem chip 'XMM 7660' will be manufactured using Intel's 10-nm process in 2019. Intel claims that it will begin mass production of 10nm in the second half of 2018. But many people Suspicious, David Schor, a chip analyst, said that he had reason to believe that Intel would not be able to produce 10 nanometer processes this year.
If Intel cannot solve the 10-nm process problem this year, XMM 7660 may not be able to ship on schedule. In this case, Apple has no choice but to look back to Qualcomm and hand over the 2019 Modem chip orders to Qualcomm.
5. Alleged Insider Trading, Canyon Bridge Chinese Executives Convicted in the United States
Sina Technology News Beijing time on April 25 morning news, New York prosecutors said that the United States court has ruled that a private equity company in the process of trying to buy Lalit Semiconductor exists insider trading behavior.
U.S. Attorney Geoffrey Berman’s office stated that the jury of the Manhattan Federal Court of Justice had ruled that Canyon Bridge Capital Partners co-founder Benjamin Chow was found guilty of securities fraud and conspiracy. Judge Gregory Woods will be sentenced on August 20.
Benjamin Zhou's attorney has not yet responded.
Canyon Bridge said in an email: 'Although we already know this conclusion, we haven't had a chance to evaluate the court's decision. We will evaluate the situation.'
Prosecutors alleged that as a U.S. citizen born in China, Benjamin Weeks had informed a friend in 2016 that Canyon Bridge planned to acquire Ladis Semiconductor of Oregon. At that time, the deal had not yet been announced. The friend thus made a profit. 5 million US dollars.
In another lawsuit filed by the US Securities and Exchange Commission (SEC) last year, the friend of Benjamin Chow was exposed to Michael Yin. The latter was once a Hong Kong private equity fund executive and later became a Only hedge fund managers.
In September of last year, US President Trump called a stop for Canyon Bridge to buy Ladis Semiconductor.
Subsequently, Canyon Bridge focused its attention on acquisition targets outside the United States. Last year, the fund acquired British chip maker Imagination Technologies for 550 million pounds (approximately US$718 million). However, this deal did not include Imagination. The subsidiary, US chip design company MIPS. MIPS was previously sold to another investment company.
According to Canyon Bridge's website, Benjamin Weekly had previously been responsible for private equity firm Warburgh Investments in the semiconductor industry in Asia. Two business partners stated that Benjamin Chou is from Tianjin.
6. Nvidia Tegra Chip Explosion Vulnerable to Nintendo Switch
The vulnerability exists in the recovery mode of the Nvidia Tegra X1 chip. Because the BootRom program error causes the hacker to execute any program in the recovery mode, in other words, the device cannot be repaired after leaving the factory, but the hacker must actually access the device to exploit the vulnerability.
The ReSwitched team, which specializes in cracking the Nintendo Switch game console to execute homebrew software, this week announced the vulnerability details called Fusée Gelée, which is a security hole hidden in the Switch host core Nvidia Tegra X1 chip that will allow hackers to execute arbitrary programs. , and declared that the host can not be repaired after leaving the factory.
According to the team's explanation, the related vulnerabilities exist in Tegra's recovery mode (Tegra Recovery Mode), which is caused by a bug in the BootRom program, allowing hackers to execute arbitrary programs when they enter recovery mode. This also means that the vulnerability must be The Switch host can only be mined when connected to a computer via a USB cable.
For gamers, the biggest benefit of this vulnerability is that it can be used to back up the game, and Team Xecuter, which specializes in cracking various game consoles, has plans to launch a cracking chip for mining related holes.
Kate Temkin, a hardware engineer at the ReSwitched team, said that the Fusée Gelée vulnerability not only affects Switch or X1, but may also affect other devices using Nvidia Tegra X1 or Tegra chips that have more impact. The team has already submitted vulnerabilities details to companies such as Nvidia and Nintendo. It is not open to the public until June, but in order to avoid letting certain evil groups benefit from it, they decided to announce it early.
The ReSwitched team emphasized that they dismantled the Switch game console just to use homemade software and did not support any form of piracy. Team Xecuter was a commercial team that cracked all kinds of game consoles. It made the public guess that ReSwitched's practice was counterproductive. Team Xecuter.
Temkin also warned that the relevant vulnerabilities affect all versions of the Switch firmware, and since it is a program error in read-only BootRom, it is almost impossible to repair after the switch is shipped.
Although the vulnerability will also affect Nvidia Tegra X1 devices outside of Switch, some device manufacturers say that hackers need to actually access devices to exploit vulnerabilities and reduce the threat of vulnerabilities, so they are not too worried.
7. Intel Yan Chen: 2019 mid-year Intel 5G chip production commercial
Micronet collection April 23 report
At the beginning of last year, Intel proposed a data transformation strategy. They believed that 'data is the future of oil' and that the upcoming data flow will bring about brand-new changes. With this big adjustment, Intel put forward the end of the Internet of Things era. Solution. This 5G technology has become the most important pipeline. And Intel is also ahead of schedule in this area.
Recently, Yan Chenyi, Vice President of Intel Client Technology Division and General Manager of Internet Products and Projects Division, interviewed a number of media including Micronet in Beijing, and introduced the latest developments and strategic layout of Intel in the 5G field.
In the current 4G era, many people feel that the data on the mobile Internet is already very fast. It seems that the demand for faster 5G is not expected to be large. Yan Chenxi believes that the understanding of 5G can not be limited to mobile terminals and people-to-people connections. On the floor, 5G is very leaping for the development of communication technology, its bandwidth will be much wider than before, and it will bring more data volume. With the characteristics of high speed and low delay, it will narrow the distance between the cloud and its customers. As a result of the birth of applications in the Internet of Things, industrial fields, and industrial fields, there will be great changes in the form.
However, Yan Chenchen also emphasized that in the early period of 5G, its application will still be the traditional field before it, and it will not be different from the current 4G device form. Currently, 5G will be first applied to smart phones, laptops, home broadband access, etc. The further forward scenario will be areas such as autopilot, car networking and so on.
Specifically, in November of last year, Intel introduced the first multi-mode commercial modem Intel XMM 8000 series supporting 5G new air interface (5G NR). It is reported that this series of products simultaneously supports Intel commercial 5G in the sub-6GHz frequency band and millimeter wave frequency band. The family of multi-mode modems will be applicable to 5G network connection requirements for various devices including PCs, mobile phones, and even automobiles. Yan Chen disclosed that the XMM 8000 series products will reach the mass production supply level in mid 2019 and be used in commercial terminal equipment. .
He said that judging whether 5G technology is leading, besides the commercial time, it is also important whether the terminal product form is diversified, whether it meets different networks and frequency bands worldwide, and the XMM 8000 series can be comprehensive for different network structures, operators, and frequency bands. stand by.
In terms of industrial cooperation, Intel has already started. In the field of mobile terminals, in February this year, Intel and Zhan Rui have announced that they have reached a 5G global strategic cooperation. Two leading companies will jointly develop a new 5G smart phone equipped with an Intel 5G modem for the Chinese market The platform is planned to be launched in 2019 in parallel with the deployment of 5G mobile networks.
In the notebook area, Intel demonstrated 5G fully-connected PC prototyping at this year's MWC. It is currently working with Dell, Hewlett-Packard, Lenovo, and Microsoft to introduce 5G to Windows PCs based on the Intel® XMMTM 8000 Series commercial 5G modem. Intel expects 5G fully-connected PCs to be available in 2019.
The 5G Phase 3 trial in China was launched in early 2018 and is planned to be completed by the end of 2018. Yan Chenyi also revealed that Intel actively participates in China's three-phase 5G testing and currently plans to use 5G experimental platform with leading network equipment vendors based on 5G NR, 3GPP R15 Conduct an operative R&D test. You can see Intel’s presence in the second half of the test results announcement.