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Provided by Dow Jones By Jacky Wong The technological rivalry between China and the U.S. has drawn attention to the world s chip factory, Taiwan Semiconductor Manufacturing Co. Another semiconductor company on the island has also thrived as tensions have escalated. Chip designer MediaTek is on a roll: Its shares have more than doubled since the beginning of last year and it s now Taiwan s second largest company with a market value of $62 billion. The company makes mobile application processors, which integrate multiple components into a single chipset akin to the brain for a smartphone. According to Counterpoint Research, MediaTek overtook Qualcomm to become the largest maker of mobile chipsets last year, a title it will probably retain this year. Like Qualcomm, MediaTek is a fabless chip firm: It designs chips that are then manufactured by contract chip makers like TSMC. MediaTek s more affordable chipsets have won market share in mi ....
Sony Eyes a Broader Entertainment Empire — Heard on the Street morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
By Jacky Wong The pandemic s boost is fading for Sony, but the company s longer term content-focused strategy still looks likely to pay off. On Wednesday, the Japanese electronics-and-entertainment giant reported a record net profit for the fiscal year ended in March. The highest-ever earnings from its game division, helped by stay-at-home demand, was the major driver. Sony has sold 7.8 million of its new PlayStation 5 console since its November release, outpacing its predecessor at the same stage. It could have sold even more if not for supply constraints due to a chip shortage. Operating profit at its game division fell 29% year-over-year last quarter. That was partly due to marketing expenses for the PS5 launch and because the console is sold below cost. ....
OMENS look good for The Racing Club-owned galloper YOUNG LEGEND, when he lines-up in the Cypress Handicap (2.45pm), over six furlongs at Happy Valley in Hong Kong on Wednesday. You can guarantee the majority of the 1,500 strong club-members will have their fingers crossed about their favourite horse finally getting back into the winners’ circle after receiving no luck in two races last month. The Danny Shum-trained handicapper finished behind a couple of today’s rivals, Shouson and High Rise Soldier, over the track and trip five weeks back when beaten just over a length into fifth place. What makes that performance even more meritorious was his young rider Jack Wong was hanging on for dear life in the closing stages after his saddled slipped. ....
Hong Kong Racing Tips: Nordic Wellstar could bounce back at the Valley Happy Valley hosts another competitive card on Thursday. BETTORS are asked a serious question about the chances of Harmony And Rich in the Cooper Handicap (1:15pm) over five furlongs. The top-weight was a clear-cut winner against similar opposition over the course and distance last month and is capable of defying a penalty. The problem, however, is that he is now ridden by 3lb claimer Jack Wong, who has yet to ride a winner in Hong Kong this season, having been aboard 198 consecutive losers. Wong has found it tough going in Hong Kong in recent times. After losing his 7lb claim three seasons back, the 26-year-old now finds himself riding mostly no-hopers, with 170 rides starting at odds of 20-1 or over this season. ....