Despite the coronavirus pandemic's influence on global demand for handsets, MediaTek is still optimistic about its sales in the second half of 2020 as 5G will take off and relatively boosting sales of 5G smartphones. However, the IC market may not look too bright during the period as the US' new trade sanctions on Huawei is expected to undermine the market's sales. Memory spot prices are expected to rise with China's returning end demand for DRAM products thanks to e-commerce platforms' promotion campaigns.
MediaTek firmly confident about business growth in 2020: MediaTek is firmly confident about its business growth in 2020, and expects end-market demand to pick up fast later this year, according to top company executives.
US trade ban on Huawei may cast shadow over 2H20 IC market, says Chang Wah: New US trade sanctions against Huawei will bring "uncontrollable variables" to the IC market in the second half of 2020, according to Canon Huang, chairman and president for IC packaging material and equipment supplier Chang Wah Electromaterials (CWE).
Memory spot prices start rising: Memory spot prices particularly those for DRAM have started to rise reflecting a pick-up in buying momentum prior to China's 618 shopping festival, according to industry sources.
