Mobile phone IC shipments have already passed through the seasonal peak and are slowing down, according to sources at Taiwan-based IC design houses.

Mega sales of MediaTek handset SoC Dimensity 9300 see the IC design company's revenue peak in December 2023.

In the era of artificial intelligence (AI), major cloud computing companies, including Google, Microsoft, Amazon, etc., are competing to invest in in-house chip design capability.