By: Jeffrey Wu
Taipei, June 28 (CNA) Taiwanese integrated circuit designer ASMedia Technology Inc. (祥
碩), a subsidiary of computer vendor Asustek Computer Inc. (華碩), is forecast to benefit from broader adoption of the USB3.1 port and increasing chipset orders.
Sales and earnings of ASMedia, which designs data storage controller chips, are expected to increase, with compound annual growth rates of 68 percent and 94 percent, respectively, from 2014 to 2017, according to a U.S.-based brokerage.
The growth will be driven by rising adoption of USB3.1/Type-C connector standard and chipset orders from Advanced Micro Devices Inc. (AMD), “with ASMedia leveraging its technology leadership, strong IP portfolios, solid customer relationships and competitive cost structure,” the brokerage wrote in a June 25 note to clients. [FULL STORY]