Tracking developments across tech supply chains, Tech Supply Chain Tracker

Tech Supply Chain Tracker

Tracking developments across tech supply chains

Equity Bottom-Up

TSMC (Taiwan Semiconductor Manufacturing) / Equity Bottom-Up

TSMC (Taiwan Semiconductor Manufacturing)

<ul><li>Arizona and Taiwan are deepening aerospace and defense partnerships to support local supply chains in response to increasing demand. #partnership #aerospace #defense</li><li>The drone market is seeing growth primarily driven by service applications, rather than hardware. India's Sahasra Semiconductor is recruiting expat experts and gearing up for a customer launch later this year.</li><li>Huawei is reportedly offering triple salaries to attract engineers from TSMC, while Toyota suppliers are revising their forecasts due to sluggish sales and reduced production. Apple is in talks with Indonesia for a manufacturing investment to address an iPhone ban, and Taiwan's Micro LED industry must innovate quickly to keep pace with OLED advancements.</li></ul>

Arizona and Taiwan are deepening aerospace and defense partnerships to support local supply chains in response to increasing demand. #partnership #aerospace #defenseThe drone market is seeing growth primarily driven by service applications, rather than hardware. India's Sahasra Semiconductor is recruiting expat experts and gearing up for a customer launch later this year.Huawei is reportedly offering triple salaries to attract engineers from TSMC, while Toyota suppliers are revising their forecasts due to sluggish sales and reduced production. Apple is in talks with Indonesia for a manufacturing investment to address an iPhone ban, and Taiwan's Micro LED industry must innovate quickly to keep pace with OLED advancements.

Tech Supply Chain Tracker (08-Nov-2024): AZ & Taiwan strengthen aerospace, defense partnerships.

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

<ul>
<li>In a direct rebuttal of what former four former Intel board members recommend, Dr. Barrett claims splitting Intel in two would be bad for Intel and for the United States.</li>
<li>Cites example of AMD splitting out its manufacturing operations, noting that Globalfoundries has "little if any differentiated technology". Yet, GF is on track to deliver $1 billion FCF in 2024. </li>
<li>Strongly backs current CEO Pat Gelsinger, noting that he "<strong><em>has precisely the right strategy and attributes, and he is already driving the right changes". </em></strong>Many would beg to differ.</li>
</ul>


In a direct rebuttal of what former four former Intel board members recommend, Dr. Barrett claims splitting Intel in two would be bad for Intel and for the United States.
Cites example of AMD splitting out its manufacturing operations, noting that Globalfoundries has "little if any differentiated technology". Yet, GF is on track to deliver $1 billion FCF in 2024. 
Strongly backs current CEO Pat Gelsinger, noting that he "has precisely the right strategy and attributes, and he is already driving the right changes". Many would beg to differ.


Intel Former CEO Craig Barrett Says Splitting Intel In Two Is A Bad Idea & Backs Gelsinger

<ul><li>SK Hynix strengthens partnership with TSMC to advance HBM technology and more, enhancing their collaboration in the semiconductor industry.</li><li>Meta is investing in XR ecosystem for future smart devices, as indicated by DIGITIMES Research, indicating a shift towards immersive technology in their product roadmap.</li><li>Super Micro experiences revenue shortfall due to accounting issues and GPU delays, while Intel contemplates splitting its business amidst complex challenges.</li></ul>

SK Hynix strengthens partnership with TSMC to advance HBM technology and more, enhancing their collaboration in the semiconductor industry.Meta is investing in XR ecosystem for future smart devices, as indicated by DIGITIMES Research, indicating a shift towards immersive technology in their product roadmap.Super Micro experiences revenue shortfall due to accounting issues and GPU delays, while Intel contemplates splitting its business amidst complex challenges.

Tech Supply Chain Tracker (07-Nov-2024): HBM + beyond: SK Hynix partners with TSMC

Taiwan Tech Focused Senior Analyst

Patrick Liao

<ul>
<li>In general, <a href="https://www.smartkarma.com/entities/globalwafers-co-ltd" target="_blank" data-smartkarma-citation="entities:17916:1" rel="noopener">Globalwafers (6488 TT)'</a> 3Q24 revenue, GM, OPM, and prepayment are hitting a recent low in 2024.</li>
<li>GlobalWafers stated that the semiconductor industry is generally recovering for AI, but we do not think that AI can represent the entire semiconductor industry.  </li>
<li>Demand for advanced sub-3nm nodes and AI technologies is expected to increase, which will drive fab utilization.</li>
</ul>


In general, Globalwafers (6488 TT)' 3Q24 revenue, GM, OPM, and prepayment are hitting a recent low in 2024.
GlobalWafers stated that the semiconductor industry is generally recovering for AI, but we do not think that AI can represent the entire semiconductor industry.  
Demand for advanced sub-3nm nodes and AI technologies is expected to increase, which will drive fab utilization.


GlobalWafers (6488.TT): The Recovery Expectation Has Been Delayed from 2H24 to 2025.

Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

Asia Pac IPO & Placement Research, China biotech

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Quantitative Analysis

<ul>
<li>We analyzed the changes in foreign holdings of TWSE Stocks as of Nov 1st which has an aggregated holding worth USD1,018.3bn.</li>
<li>We estimate that foreign flows to be outflows of USD778mln. We tabulate the league table for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.</li>
<li>We highlight changes of foreign holdings in TSMC, United Microelectronics.</li>
</ul>


We analyzed the changes in foreign holdings of TWSE Stocks as of Nov 1st which has an aggregated holding worth USD1,018.3bn.
We estimate that foreign flows to be outflows of USD778mln. We tabulate the league table for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.
We highlight changes of foreign holdings in TSMC, United Microelectronics.


TWSE Foreign Holding Weekly (Nov 1st): TSMC, United Microelectronics

Taiwan

Taiwan Semiconductor Manufacturing Company, Ltd. manufactures and markets integrated circuits. The Company provides the following services: wafer manufacturing, wafer probing, assembly and testing, mask production, and design services. TSMC's ICs are used in computer, communication, consumer electronics, automotive, and industrial equipment industries.

TSMC (Taiwan Semiconductor Manufacturing) (2330 TT)

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TSMC (Taiwan Semiconductor Manufacturing) (2330 TT)

Tech Supply Chain Tracker (08-Nov-2024): AZ & Taiwan strengthen aerospace, defense partnerships.

Arizona and Taiwan are enhancing aerospace and defense partnerships to meet growing demand for local supply chains, while India's Sahasra...

Tech Supply Chain Tracker

Intel Former CEO Craig Barrett Says Splitting Intel In Two Is A Bad Idea & Backs Gelsinger

Dr. Barrett claims splitting Intel in two would be bad for Intel & the US. Backs current CEO noting "he has precisely the right strategy and...

William Keating

Tech Supply Chain Tracker (07-Nov-2024): HBM + beyond: SK Hynix partners with TSMC

Tech companies like SK Hynix, TSMC, Meta, Intel, and Samsung are making strategic moves in the industry while facing challenges like revenue...

Tech Supply Chain Tracker

GlobalWafers (6488.TT): The Recovery Expectation Has Been Delayed from 2H24 to 2025.

Globalwafers' 3Q24 performance hits recent low, but semiconductor industry recovery driven by demand for advanced nodes and AI technologies.

Patrick Liao

TWSE Foreign Holding Weekly (Nov 1st): TSMC, United Microelectronics

We analyzed TWSE foreign holding data for the past week and highlighted foreign holding changes in TSMC, United Microelectronics.

Ke Yan, CFA, FRM

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Tech Supply Chain Tracker (08-Nov-2024): AZ & Taiwan strengthen aerospace, defense partnerships.

Arizona and Taiwan are enhancing aerospace and defense partnerships to meet growing demand for local supply chains, while India's Sahasra...

Tech Supply Chain Tracker

Intel Former CEO Craig Barrett Says Splitting Intel In Two Is A Bad Idea & Backs Gelsinger

Dr. Barrett claims splitting Intel in two would be bad for Intel & the US. Backs current CEO noting "he has precisely the right strategy and...

William Keating

Tech Supply Chain Tracker (07-Nov-2024): HBM + beyond: SK Hynix partners with TSMC

Tech companies like SK Hynix, TSMC, Meta, Intel, and Samsung are making strategic moves in the industry while facing challenges like revenue...

Tech Supply Chain Tracker

GlobalWafers (6488.TT): The Recovery Expectation Has Been Delayed from 2H24 to 2025.

​Globalwafers' 3Q24 performance hits recent low, but semiconductor industry recovery driven by demand for advanced nodes and AI technologies.

Patrick Liao

TWSE Foreign Holding Weekly (Nov 1st): TSMC, United Microelectronics

We analyzed TWSE foreign holding data for the past week and highlighted foreign holding changes in TSMC, United Microelectronics.

Ke Yan, CFA, FRM

Globalwafers' 3Q24 performance hits recent low, but semiconductor industry recovery driven by demand for advanced nodes and AI technologies.