Focus Stocks》MediaTek: Limit down at opening! Even Huang Renxun is seriously stuck
The Philadelphia Semiconductor Index plummeted, causing Taiwan stocks to plummet. MediaTek's stock price once fell to the limit and then rebounded.
Quick Look
- The Philadelphia Semiconductor Index closed sharply with a plunge of 12.25%, and Taiwan stocks plummeted by more than 8% at the opening.
- MediaTek (2454) fell to the limit at the opening, and half an hour later, large buying orders hit the limit.
- As of 9:55, the stock price fell 6.07% to 3,250 yuan.
AI-generated summary
Why It Matters
The Philadelphia Semiconductor Index closed sharply with a loss of 12.25%, as the construction of AI data centers may be restricted by the Democratic Party, triggering a wave of panic selling of AI stocks. As a major center for AI data, Taiwan's stock market was not spared. It plummeted by more than 8% at the opening, and TSMC's stock price also fell by the limit. MediaTek's AI ASIC business is the biggest driver of future growth. Customers have strong demand for the first AI accelerator, which has started small-scale shipments in September.
MediaTek was hit by the stock market crash, and its opening price fell by the limit. (Photo by reporter Zhuo Yijun)
[Reporter Zhuo Yijun/Taipei Report] The stock market crash is coming! The Philadelphia Semiconductor Index closed sharply with a plunge of 12.25%. Today, Taiwan stocks plummeted by more than 8% in the morning. Even the stock price of TSMC (2330) also fell to the limit. MediaTek (2454) was also unable to resist the market selling pressure and fell to the limit as soon as it opened. However, half an hour later, a large buying order hit the limit. , AI giant NVIDIA previously subscribed for MediaTek (2454) overseas convertible corporate bonds (ECB). The bond conversion price was set at 4513.75 yuan per share. Calculated based on today's lower limit price of 3115 yuan, Huang Renxun was also seriously locked in.
As of around 9:55, MediaTek's stock price fell 6.07%, temporarily trading at 3,250 yuan, with a trading volume of more than 7,800.
The U.S. stock market may be restricted by the Democratic Party due to the construction of AI data centers, triggering a wave of panic selling of AI stocks. Taiwan stocks, as a center for AI data centers, are not immune. MediaTek AI The ASIC business is the biggest driver of future growth. MediaTek Vice Chairman and CEO Cai Lixing is full of confidence in the company's future prospects. He also recommended investors to buy this week. The long-term returns will be amazing. Cai Lixing pointed out in the meeting that customer demand for the first AI accelerator is still very strong. It has started small shipments in September and is confident that it will reach US$2.5 billion in revenue in the fourth quarter and reach the upper edge of the previous revenue target range in 2027, which is about US$16 billion, accounting for about 10% of AI. 20% of the ASIC market, confidence mainly comes from the production capacity support of the supply chain. The development of the second AI accelerator ASIC project is progressing smoothly and continues to advance towards the goal of mass production in the first quarter of 2028. At the same time, it has also won a second ASIC customer.
What to Watch
AI outlook — possibilities, not facts
MediaTek’s fourth-quarter revenue will reach US$2.5 billion, reaching the upper end of the revenue target range of approximately US$16 billion in 2027
Possible · Within months
MediaTek’s second AI accelerator ASIC project will be mass produced in the first quarter of 2028
Possible · Within years
Open Questions
- Will MediaTek’s stock price fall again or continue to rise?
- Will the convertible bonds subscribed by Huida trigger forced conversion or redemption?
- Who are the specific customers of MediaTek’s second AI accelerator ASIC project?
