Taiwan’s incoming president Lai Ching-te will start his first term on Monday under pressure to raise social spending and tackle deepening economic inequality while at the same time meeting US demands to shore up defences against an increasingly assertive China. Every Taiwanese leader since the start of free, direct presidential elections in 1996 has taken…
kokouu/E+ via Getty Images Camtek (NASDAQ:CAMT) is an Israeli company that designs and manufactures high-end inspection and measurement equipment for semiconductor businesses. As such, 84% of its revenues as of FY 2023 have come from China, Taiwan, and South Korea, three countries where semiconductor productions are concentrated. CAMT went public in 2000 at $6 per…
blackdovfx/iStock via Getty Images Semiconductor stocks have had a big run over the last several months, and this sector was due for a pullback. As shown in the chart of the VanEck Vectors Semiconductor ETF (SMH) below, we just got a big pullback. This was even a plunge in some stocks, with some top names…
BlackJack3D Semiconductors did well in 2024 with the iShares Semiconductor ETF (NASDAQ:SOXX) gaining 33% since I last covered it in July last year. At that time, I had a neutral position mostly because of demand softness, high inventories especially for memory, and Chinese authorities imposing export restrictions on a key ingredient used to make chips….
Bitdeer, a leading technology firm specializing in Bitcoin mining and high-performance computing, has unveiled the SEAL01, a new mining chip built on a 4-nanometer process technology. The SEAL01 chip boasts a power efficiency ratio of 18.1 J/TH, aiming to set a new standard for energy-efficient Bitcoin mining. Bitdeer has Tested Its 4nm Bitcoin Mining Chip…
JHVEPhoto Investment Thesis – Q4 FY23 Update Intel is a semiconductor firm that faces multiple headwinds moving into 2024. Decreased demand for their x86-based chips has hurt Intel’s revenues and profitability significantly while a soft computing landscape has further hurt the firm’s bottom- and top-line. While their IFS business has the potential to generate massive…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is the author of ‘Chip War’, a professor at the Fletcher School, a nonresident senior fellow at the American Enterprise Institute and a partner at Greenmantle On a recent quarterly earnings call, the…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The rally in US chip stocks that has seen Nvidia and AMD more than double in value over the past year is under pressure after warnings that the artificial intelligence boom is masking a broader…
Ruslan Lytvyn/iStock via Getty Images At this time of year, I like to focus on stocks that could be due for big gains into the New Year, especially as tax-loss selling fades. In particular, it can pay off big to find beaten-down tech stocks. In past years, I wrote an article about Advanced Micro Devices…
pidjoe Thesis: NextEra Energy (NYSE:NEE) has had a surprisingly volatile 2023 for a blue-chip utility stock and is currently down 30% across the last year. This extreme weakness represents an opportunity to be greedy and accumulate shares for a promising 2024. Pairing strong dividend growth, a commanding positioning in the industry, and a picture-perfect macroeconomic…
pick-uppath We previously covered Sea Limited (NYSE:SE) in September 2023, discussing its promising prospects in Indonesia attributed to the immediate ban of TikTok’s S-commerce platform. We had reckoned that TikTok’s estimated 2023 GMV of $8.4B might be up for grabs, allowing pure-play e-commerce companies like SE’s Shopee to benefit, naturally triggering our reiterated Buy rating….
AYOTOGRAPHY/iStock via Getty Images This article was coproduced with Chuck Walston. Back in December, I provided an article on Taiwan Semiconductor (NYSE:TSM) in which I issued a rare Strong Buy rating. Since then, shares are up nearly 31% vs. a 19% gain for the S&P 500. A follow-up piece I authored in the first week…
Nvidia is also working on two other chips, the L20 and L2, for the Chinese market. According to the Reuters report, one of the chips, L20, is not facing delays and is expected to launch according to the original schedule. Nvidia Corp (NASDAQ: NVDA), the California-based AI chip giant, has notified its Chinese customers of…
SweetBunFactory The chip packaging equipment maker’s profit nearly evaporated in the third quarter, marking its fifth consecutive quarter of declines. Leading Chinese chip packaging equipment maker ASMPT Ltd. (OTCPK:ASMVF)(OTCPK:ASMVY) [0522.HK] is getting caught in the latest downdraft sending a chill through the global chip sector after two bumper years during the pandemic. The company’s sales…
Scott Olson The recent market environment has proved especially challenging for a lot of stocks typically viewed as defensive. From the YTD high reached on July 27, 2023, the S&P 500 ETF Trust (SPY) has delivered a total return of -8.9%. Typically during market sell-offs, two sectors that tend to outperform due to their defensive…
TMSC saw their quarterly profits plunge the highest since 2019. However, the company says that the the PC and smartphone market concerns are abating and chip demand is rising again. On Thursday, October 19, the Taiwan Semiconductor Manufacturing Company (TSMC) reported its Q3 2023 numbers with profit standing at 211 billion New Taiwan dollars ($6.69…
jetcityimage Traditional Defensive Sectors Have Not Proved Defensive Recently The recent market environment has proved especially challenging for a lot of stocks typically viewed as defensive such as Utilities (XLU) and Consumer Staples (XLP). Typically during market sell-offs, these are two sectors that tend to outperform due to their defensive nature. However, in the most…
FinkAvenue Intel Corporation (NASDAQ:INTC) announces its Q3 2023 earnings post-market on October 26, 2023. In the last quarter, Intel exceeded expectations, despite a nearly 16% year-on-year drop in total revenue. Notably, the company managed to halt the quarter-over-quarter declines in two of its critical business segments, possibly indicating a potential stabilization for the chipmaker, which…
Kokusai’s IPO appears promising and may become a reference point for new listings in the future. Chip equipment maker Kokusai Electric has raised $724.4 million after pricing its shares at 1,840 yen each in its IPO. Kokusai Electric spun out of Hitachi Kokusai Electric Inc. which KKR bought in 2017. The current share offerings put…
To enhance profitability and mitigate the impact of cyclical downturns, Samsung is focusing on advanced memory chips, particularly high bandwidth memory chips that are crucial for AI servers and processors. Samsung Electronics, the South Korean tech giant, released its preliminary earnings guidance for the third quarter (Q3 2023), indicating a notable 77.9% drop in operating…
PonyWang Summary I find the SPDR S&P Semiconductor ETF (NYSEARCA:XSD) ETF compelling due to its broader and more equal weight focus of the semiconductor sector. Unlike iShares Semiconductor ETF (SOXX), which I covered recently, the XSD has greater upside potential on lower relative valuation. While its holdings do not escape the 2023 downturn, many have…
Intel is making a strong push in the semiconductor industry with FPGAs, which can be highly flexible, efficient, and used in various industries, are in high demand. Chip-making giant Intel is planning to treat its programmable chip unit as a standalone business. As a result, the company is going to spin out an Initial Public…
Aside from the popular Apple and Samsung brands, Huawei is probably one of the few other companies that has designed its smartphone processor. Another threat may just have added to the number of issues that Apple Inc (NASDAQ: APPL) currently faces in China. Despite the pertinent geopolitical and economic threats to its existence in the…
Bet_Noire/iStock via Getty Images Moore’s Legacy and the Semiconductor Landscape’s Shift Intel (NASDAQ:INTC) founder Gordon Moore, known for Moore’s Law, passed away on March 24, 2023. His observation that the number of transistors on a microchip doubled every two years guided semiconductor advancement for decades. This vision propelled Intel’s rise as the industry leader until…
Tractor cultivating field at spring valio84sl As an almost entirely dividend growth-focused investor, my goal is to fill my portfolio from top to bottom with steadily growing businesses that possess robust fundamentals. That’s because such characteristics support my goal of building a portfolio that can consistently deliver growing passive income to yours truly. Among the…
KathyDewar Hitachi (OTCPK:HTHIY)(OTCPK:HTHIF) is performing pretty well in some segments that we expected to be particularly problematic. In particular there were worries around electronic businesses that face China, which saw order declines a couple of quarters ago. Tech is decelerating, but the worst of it is in lower margin segments which is decent for mix….
The move to go public comes amid growing interest in artificial intelligence chips, reflected in the increased market mood towards technologies linked to generative AI. British chip designer Arm Ltd, a subsidiary of the SoftBank Group Corp, is preparing to conduct an initial public offering (IPO) in the coming months. According to a Bloomberg report…
AMD is gearing up for its AI progress and is pushing to launch its top-notch MI300 AI chips in the last quarter of the year. On Tuesday, August 1, Advanced Micro Devices Inc (NASDAQ: AMD) posted moderately better-than-expected results for the second quarter earnings. AMD reported non-GAAP earnings of 57 cents per share for the…
Annabelle Chih Introduction My thesis is that there is no chip manufacturer more important for the smartphone industry than TSMC (NYSE:TSM). Apple’s (AAPL) iPhone can’t exist without TSMC chips. Other major smartphone industry companies like Qualcomm (QCOM) and Huawei have a deep history with TSMC. Smartphones require small leading edge chips for optimal battery life…