Asia and Global Semiconductor and Tech Research

Andrew Lu

Event-Driven

<h2><strong>Summary</strong></h2><p><em>We believe the merger news is somehow reliable as Broadcom CEO Hock Tan said at TSMC's 30th Anniversary Celebration Forum on October 23 that only strong IP portfolio and financial position can defend its market share against cloud vendors which are trying to take away semiconductor design value. Therefore, by buying Qualcomm/NXP, Broadcom can strengthen its IP portfolio into 3G/4G/5G baseband/modem, WiFi, Bluetooth, 3D sensing, NFC, and automotive semiconductor IP and enhance its</em>…</p>

SummaryWe believe the merger news is somehow reliable as Broadcom CEO Hock Tan said at TSMC's 30th Anniversary Celebration Forum on October 23 that only strong IP portfolio and financial position can defend its market share against cloud vendors which are trying to take away semiconductor design value. Therefore, by buying Qualcomm/NXP, Broadcom can strengthen its IP portfolio into 3G/4G/5G baseband/modem, WiFi, Bluetooth, 3D sensing, NFC, and automotive semiconductor IP and enhance its…

Broadcom Is Buying Qualcomm; Two Major Challenges Ahead to Close the Deal

Transport Sector, China and Asia-focused Research

Charles De Trenck

Thematic (Sector/Industry)

<p>I am no friend of Putin or his methods. But this noise in US media on Russian influence in US elections and Russia’s manipulation of <a href="https://www.smartkarma.com/entities/665" target="_blank" data-smartkarma-citation="entities:665:1">Facebook Inc A (FB US)</a> is a witch hunt, all the while denying constant US undue influence in media of other countries.</p><p>US media, social media and media tech is out of control. The ship will likely right itself…after the revolution devours its children.</p><p>The revolutionaries in our story are the tools and content that media uses. For now, the people are in love with…</p>

I am no friend of Putin or his methods. But this noise in US media on Russian influence in US elections and Russia’s manipulation of Facebook Inc A (FB US) is a witch hunt, all the while denying constant US undue influence in media of other countries.US media, social media and media tech is out of control. The ship will likely right itself…after the revolution devours its children.The revolutionaries in our story are the tools and content that media uses. For now, the people are in love with…

False Puritanism in American Media and Tech's Turbocharching of Media's Weaknesses

Equity Bottom-Up

<h2>Summary</h2><p><em>After over 50% appreciation in share price since <a href="https://www.smartkarma.com/entities/772" target="_blank" data-smartkarma-citation="entities:772:1">Mediatek Inc (2454 TT)</a> announced Dr. Rick Tsai as Co-CEO on 22 March 2017 (please see our earlier report " <a href="https://www.smartkarma.com/insights/mediatek-goes-for-tsmc-ex-ceo-dr-rick-tsai-as-co-ceo-and-raises-1q17-earnings-forecast" target="_blank" data-smartkarma-citation="insights:9520">MediaTek Goes for TSMC Ex-CEO Dr. Rick Tsai as Co-CEO and Raises 1Q17 Earnings Forecast</a> ") coupled with stronger than expected 3Q17 results, MediaTek's new 4Q17 guidance (missing sales by 4% and EPS by 18%) clearly is not strong enough to justify the recent rally. Although we are positive on Rick's long-term decision to refocus on</em>…</p>

SummaryAfter over 50% appreciation in share price since Mediatek Inc (2454 TT) announced Dr. Rick Tsai as Co-CEO on 22 March 2017 (please see our earlier report " MediaTek Goes for TSMC Ex-CEO Dr. Rick Tsai as Co-CEO and Raises 1Q17 Earnings Forecast ") coupled with stronger than expected 3Q17 results, MediaTek's new 4Q17 guidance (missing sales by 4% and EPS by 18%) clearly is not strong enough to justify the recent rally. Although we are positive on Rick's long-term decision to refocus on…

MediaTek's New Guidance Not Strong Enough to Justify the Recent Rally

<h2>TSMC's 30th Anniversary Celebration Forum</h2><p><a href="https://www.smartkarma.com/entities/11230" target="_blank" data-smartkarma-citation="entities:11230:1">Taiwan Semiconductor Mfg. Co. Ltd. (2330 TT)</a> is holding its 30th Anniversary Celebration Forum on October 23 today, inviting the key customers and supplier (which total have over US$1.2tn market cap) to join a panel discussion. The topic of the panel discussion is “Semiconductors: the Next 10 Years”. Chairman Dr. Morris Chang has personally moderated a discussion between Jensen Huang (President &amp; CEO, <a href="https://www.smartkarma.com/entities/5891" target="_blank" data-smartkarma-citation="entities:5891:1">Nvidia Corp (NVDA US)</a> ), Steve Mollenkopf (CEO…</p>

TSMC's 30th Anniversary Celebration ForumTaiwan Semiconductor Mfg. Co. Ltd. (2330 TT) is holding its 30th Anniversary Celebration Forum on October 23 today, inviting the key customers and supplier (which total have over US$1.2tn market cap) to join a panel discussion. The topic of the panel discussion is “Semiconductors: the Next 10 Years”. Chairman Dr. Morris Chang has personally moderated a discussion between Jensen Huang (President &amp; CEO, Nvidia Corp (NVDA US) ), Steve Mollenkopf (CEO…

TSMC's 30th Anniversary Celebration - Takeaways from Panel Discussion on Semis: The Next 10 Years

Thematic Investing in Tech and Media, CM Research

Cyrus Mewawalla

Thematic Investing in Tech and Media

Thematic TMT investing

CM Research

CM Research is an independent research house based in London, England. We provide global thematic research in the Technology, Media and Telecoms (TMT) sectors. 

Our focus is on disruptive technologies: how will they unfold; which industries will be impacted; and who will be the ultimate winners and losers. 

Our aim is to help investors predict share prices and corporate executives stay one step ahead of the technology trends that are shaping their industry. 

We research technology investment themes in detail and then feed the results into a scorecard system to quantify the impact of several conflicting themes on individual stocks. 

Recent themes covered include internet TV, the Internet of Things, Big Data, Mobile payments, crowdfunding, artificial intelligence, the cloud, software defined networking and Generation Hashtag.

We cover the top 500 global TMT stocks by market capitalisation and several technology start-ups and pre-IPO companies too. 

In 2015, CM Research analysts outperformed the Bloomberg Benchmark Analyst Index - which measures how good analysts are at predicting stock prices - by 7.1%.

<ul><li>In a world where computer code is trusted more than human-run operations – especially amongst tech-savvy, urban Millennials – blockchain is a concept whose time has begun.</li><li>The blockchain protocol will come to be seen as a powerful antidote to the high fees charged by intermediaries such as banks, law firms and other “middlemen”.</li><li>Most blockchain projects are still in development mode.</li><li>But, over the next decade, DLT will hasten disruption in many sectors, including payments, lending, share trading, real estate, healthcare and infrastructure.</li><li>In this report, we look at the likely movers and shakers.</li></ul>

In a world where computer code is trusted more than human-run operations – especially amongst tech-savvy, urban Millennials – blockchain is a concept whose time has begun.The blockchain protocol will come to be seen as a powerful antidote to the high fees charged by intermediaries such as banks, law firms and other “middlemen”.Most blockchain projects are still in development mode.But, over the next decade, DLT will hasten disruption in many sectors, including payments, lending, share trading, real estate, healthcare and infrastructure.In this report, we look at the likely movers and shakers.

United States

Alphabet, Inc. operates as a holding company. The Company, through its subsidiaries, provides web-based search, advertisements, maps, software applications, mobile operating systems, consumer content, enterprise solutions, commerce, and hardware products.

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Alphabet (GOOG US)

Broadcom Is Buying Qualcomm; Two Major Challenges Ahead to Close the Deal

SummaryWe believe the merger news is somehow reliable as Broadcom CEO Hock Tan said at TSMC's 30th Anniversary Celebration Forum on October 23 that...

Andrew Lu

False Puritanism in American Media and Tech's Turbocharching of Media's Weaknesses

I am no friend of Putin or his methods. But this noise in US media on Russian influence in US elections and Russia’s manipulation of Facebook Inc A...

Charles De Trenck

MediaTek's New Guidance Not Strong Enough to Justify the Recent Rally

SummaryAfter over 50% appreciation in share price since Mediatek Inc (2454 TT) announced Dr. Rick Tsai as Co-CEO on 22 March 2017 (please see our...

Andrew Lu

TSMC's 30th Anniversary Celebration - Takeaways from Panel Discussion on Semis: The Next 10 Years

TSMC's 30th Anniversary Celebration ForumTaiwan Semiconductor Mfg. Co. Ltd. (2330 TT) is holding its 30th Anniversary Celebration Forum on October...

Andrew Lu

Blockchain as an Investment Theme

In a world where computer code is trusted more than human-run operations – especially amongst tech-savvy, urban Millennials – blockchain is a...

CM Research

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