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    A005930   KR7005930003

SAMSUNG ELECTRONICS CO., LTD.

(A005930)
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MediaTek launches 5G chip aimed at gaining U.S. market share

02/01/2021 | 06:02pm EDT
FILE PHOTO: MediaTek chips are seen on a development board at the MediaTek booth during the 2015 Computex exhibition in Taipei, Taiwan

(Reuters) - Taiwanese chip designer MediaTek Inc on Monday released a new 5G chip aimed at helping it gain market share in the United States.

Along with Qualcomm Inc and Samsung Electronics Co Ltd, MediaTek is one of the few suppliers of modem chips that help devices such as smart phones connect to cellular data networks. The company supplies chips to phone makers such as Xiaomi Corp and LG Electronics Inc, among others.

To date, though, MediaTek's 5G chips have been compatible with only the "sub-6" variant of 5G networks, which is the variety being widely used in countries such as China.

MediaTek's modem chip announced on Monday, called the M80, will also support what is called millimeter-wave technology, which is being used by U.S. carriers such as Verizon Communications Inc.

Verizon uses the name "5G Ultra Wideband" for the service. Qualcomm is currently the dominant supplier of chips to take advantage of the millimeter wave technology, with its chips used in the U.S. versions of Apple Inc's iPhone 12.

Finbarr Moynihan, general manager of international corporate sales, told Reuters in an interview that MediaTek hopes to win more contracts to supply chips for U.S. models.

"It's a very different market, in terms of the operator landscape and the technology requirements, but we've been very pleased to some solid progress in our volume and market share" with handset makers such as Samsung and LG, he said.

(Reporting by Stephen Nellis in San Francisco; Editing by Marguerita Choy)

By Stephen Nellis


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. 0.75% 144.84 Delayed Quote.9.16%
LG CORP. 0.21% 95600 End-of-day quote.-0.40%
LG ELECTRONICS INC. 2.43% 126500 End-of-day quote.-6.30%
MEDIATEK INC. 2.02% 857 End-of-day quote.14.73%
QUALCOMM, INC. 1.20% 130.2 Delayed Quote.-14.53%
SAMSUNG ELECTRONICS CO., LTD. 1.01% 70100 End-of-day quote.-13.46%
VERIZON COMMUNICATIONS 0.67% 52.27 Delayed Quote.-11.63%
XIAOMI CORPORATION 0.71% 21.25 End-of-day quote.-35.99%
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Financials
Sales 2021 274 622 B 232 B 232 B
Net income 2021 39 442 B 33,4 B 33,4 B
Net cash 2021 108 421 B 91,7 B 91,7 B
P/E ratio 2021 11,8x
Yield 2021 2,06%
Capitalization 471 558 B 399 B 399 B
EV / Sales 2021 1,32x
EV / Sales 2022 1,15x
Nbr of Employees -
Free-Float 82,7%
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Samsung Electronics Co., Ltd. Technical Analysis Chart | A005930 | KR7005930003 | MarketScreener
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Mean consensus BUY
Number of Analysts 40
Last Close Price 70 100,00 KRW
Average target price 99 230,77 KRW
Spread / Average Target 41,6%
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Managers and Directors
Hyun-Suk Kim Co-President, Co-CEO & Director
Dongjin Koh Co-President, Co-CEO & Director
Kinam Kim President, Co-CEO & Director
Tae Moon Roh Co-President & Head-Research & Development
Hee-Chan Roh Chief Financial Officer
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