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    Toni Chen

    Research Analyst at SPDB International

    Toni Chen is an Equity Analyst at SPDB International, specializing in covering the technology sector with a focus on companies such as Ecarx Holdings Inc. Chen has participated in corporate earnings calls and provides research insights pertinent to the firm's institutional clients. While detailed performance metrics and historical rankings are not publicly documented, Chen is recognized for their analytical approach within SPDB International since at least mid-2024. Further professional credentials, licenses, and prior career history are not independently confirmed from publicly available sources.

    Toni Chen's questions to ECARX Holdings (ECX) leadership

    Toni Chen's questions to ECARX Holdings (ECX) leadership • Q2 2024

    Question

    Toni Chen of SPDB International requested an outlook on hardware gross margin and pricing trends for the second half of 2024 and into the next year. She also asked about the expansion strategy for the in-house Antora and Makalu chipsets with overseas customers and their representation in the quarter's five new design wins.

    Answer

    CFO Phil Zhou acknowledged that pricing pressure will continue but stated ECARX aims to maintain its 20%-ish gross margin through cost optimization, growing service revenue, and global expansion to diversify its margin pool. COO Peter Cirino explained that the Antora platform is gaining traction in China and is being pitched in global RFQs, while the high-performance Makalu platform serves a more niche, premium segment. He noted that both platforms build out the company's software stack for future applications.

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