Semiconductor & Technology Specialist, Ingenuity

William Keating

Semiconductor & Technology Specialist

Ingenuity

Our focus is exclusively on in-depth research & consulting in the broader semiconductor industry. We focus on the key players, namely Intel, Micron, Qualcomm, Apple, Samsung, NVIDIA, AMD, TSMC & Global Foundries - as well as some of the lesser known, but nonetheless critical, companies such as ASML (for EUV), Mellanox, Cavium, Xilinx etc. We specialise in their products, roadmaps, process technologies, competitive advantages & threats etc. We also help our clients understand the implications of new and emerging technologies, e.g. 3D X-Point, 3D NAND, Carbon Nanotubes, Autonomous Driving, Graphene, Silicon Photonics, Wafer-Level Optics, Artificial Intelligence, FPGA, GPU, ASIC etc. 

Semiconductor Analysis & Research

Thematic (Sector/Industry)

<ul>
<li>Maybe it’s 10, 20 years something like that. For me that’s long term. Um my prediction is that work will be optional.</li>
<li>The evidence speaks for itself uh but but but AI and humanoid robots will actually eliminate poverty and Tesla won’t be the only one that makes them.</li>
<li>There will still be constraints on power like electricity. The fundamental physics elements will still be constraints. Um but um I think at some point uh currency becomes irrelevant.</li>
</ul>


Maybe it’s 10, 20 years something like that. For me that’s long term. Um my prediction is that work will be optional.
The evidence speaks for itself uh but but but AI and humanoid robots will actually eliminate poverty and Tesla won’t be the only one that makes them.
There will still be constraints on power like electricity. The fundamental physics elements will still be constraints. Um but um I think at some point uh currency becomes irrelevant.


Did The Elon & Jensen Clown Show Just Crater The AI Narrative?

<ul>
<li>Fresh on the heels of his podcast meltdown, Mr. Altman has had to scramble to walk back his CFO's assertion that a potential federal bailout was on her agenda.</li>
<li>One of Mr. Altman's revenue generating ideas is to lease AI compute directly to others. Of course, that's compute capacity he can't afford to purchase in the first place. </li>
<li>Mr. Altman wants OpenAI to be all things to all people all at once. That's a strategy that rarely ends well. Let's see..</li>
</ul>


Fresh on the heels of his podcast meltdown, Mr. Altman has had to scramble to walk back his CFO's assertion that a potential federal bailout was on her agenda.
One of Mr. Altman's revenue generating ideas is to lease AI compute directly to others. Of course, that's compute capacity he can't afford to purchase in the first place. 
Mr. Altman wants OpenAI to be all things to all people all at once. That's a strategy that rarely ends well. Let's see..


OpenAI. Is The Narrative Slowly Disintegrating ?

<ul>
<li>Silicon valley startup Substrate made waves two weeks ago when they emerged from stealth mode to announce a revolutionary new tool they claim will rival ASML’s EUV lithography capability</li>
<li>Substrate simultaneously plans to build next-generation semiconductor fabs to return America to dominance in semiconductor production and will use their technology—a new form of advanced X-ray lithography—to power them.</li>
<li>For a three year old startup, whos CEO has zero documented experience of semiconductors or lithography, these are bold claims indeed. This should be interesting!</li>
</ul>


Silicon valley startup Substrate made waves two weeks ago when they emerged from stealth mode to announce a revolutionary new tool they claim will rival ASML’s EUV lithography capability
Substrate simultaneously plans to build next-generation semiconductor fabs to return America to dominance in semiconductor production and will use their technology—a new form of advanced X-ray lithography—to power them.
For a three year old startup, whos CEO has zero documented experience of semiconductors or lithography, these are bold claims indeed. This should be interesting!


Substrate. ASML, TSMC Slayer Or Ideological Pipe Dream?

<ul>
<li>Jensen Huang claims that the world is running out of workers &amp; there will be a shortage of 50 million workers by the end of the decade. Enter humanoid robots.</li>
<li>Elon Musk claims that AI and robots will take <em><strong>all</strong></em> our jobs, working will be optional and we can grow vegetables while he's on his way to becoming a trillionaire</li>
<li>Technology and society are rapidly approaching a critical decision point. Jobs for robots or for humans?</li>
</ul>


Jensen Huang claims that the world is running out of workers &amp; there will be a shortage of 50 million workers by the end of the decade. Enter humanoid robots.
Elon Musk claims that AI and robots will take all our jobs, working will be optional and we can grow vegetables while he's on his way to becoming a trillionaire
Technology and society are rapidly approaching a critical decision point. Jobs for robots or for humans?


Humanoid Robots Won't Take Your Job, We've Just Decided Not To Give You The Job In The First Place.

Cross-Asset Strategist & Quantitative Analyst, Pennock Idea Hub

Cam Hui

Cross-Asset Strategist & Quantitative Analyst

Pennock Idea Hub

We are creators of independent equity research. The Pennock Idea Hub team are veterans of the investment industry. Much of our team has spent their careers at Merrill Lynch, Deutsche Bank, RBC Capital Markets and Wood Gundy. We have taken every aspect of research back to the studs and returned to first principles. The Pennock Idea Hub marries the interests of the sell and buy side. 

We offer the best research for institutional investors by:

-Only publishing research from veteran analysts
-Eliminate the inherent conflicts of the traditional sell and buy side relationship
-Ensure our team is always accessible; collaboration with clients nurtures our collective success

Cross-Asset & Quantitative Research

Cross Asset Strategy

<ul>
<li>We offer a plausible scenario that explains the recent surge and correction in gold. </li>
<li>The market misinterpreted the “Liberation Day” USD decline as a “Sell America” trade instead of a “Hedge America” trade and panicked out of USD and rushed into gold.</li>
<li>We expect a bottom in gold in Q4 or Q1 as the new Fed Chair pivots monetary policy in a more expansionary manner.</li>
</ul>


We offer a plausible scenario that explains the recent surge and correction in gold. 
The market misinterpreted the “Liberation Day” USD decline as a “Sell America” trade instead of a “Hedge America” trade and panicked out of USD and rushed into gold.
We expect a bottom in gold in Q4 or Q1 as the new Fed Chair pivots monetary policy in a more expansionary manner.
