Market Chatter: IBASE Technology Forecasts H2 Revenue to Surpass H1
IBASE Technology (TPE:8050) expects its revenue in the first half of the year to cross the first half's level of NT$3.37 billion, according to a Taipei Times report on Tuesday quoting the company's executive vice president Brian Shang.As per the report, revenue growth in H2 will be driven by the demand for networking products, higher adoption of artificial intelligence, and an increase in product prices.Shang said networking products, which formed nearly 52% of the total revenue in the first half, are likely to remain a key revenue driver in the latter half of the year.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
