Reported 8 months ago
MediaTek's (4968) stock price has recently surged by 12.6% with increasing trading volume, hitting a new high on June 21st with 16,900 shares traded. The company is experiencing a surge in demand for its Wi-Fi 7 FEM products, as it has secured certifications from many platform clients after years of efforts. Despite the initial low volume of orders, the product specifications have caught up with international competitors' development schedules, and overall demand is expected to improve gradually, especially with the approaching peak season for consumer electronics. Looking ahead, MediaTek is anticipated to benefit from the recovery in demand from Chinese telecommunication clients, infrastructure investments in India, and improved market share in Europe and the United States, although WiFi 7 has not yet become mainstream. With an increasing number of high-end products incorporating WiFi 7, the company's revenue growth potential is promising.
Source: YAHOO