Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Intel has been making headlines recently with a series of significant developments that underscore the company’s tumultuous state.</li><li>On December 1, 2024, CEO Pat Gelsinger stepped down after a tenure that saw the company’s stock price plunge by 61%.</li><li>The leadership vacuum was filled by interim co-CEOs, David Zinsner and Michelle Johnston Holthaus, with Intel initiating a global search for a permanent successor.</li></ul>

Intel has been making headlines recently with a series of significant developments that underscore the company’s tumultuous state.On December 1, 2024, CEO Pat Gelsinger stepped down after a tenure that saw the company’s stock price plunge by 61%.The leadership vacuum was filled by interim co-CEOs, David Zinsner and Michelle Johnston Holthaus, with Intel initiating a global search for a permanent successor.

Is Intel Doomed Without Patrick Gelsinger? The Challenges Facing Its New CEO!

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>No stated reason for Mr. Gelsinger's shock resignation as Intel's CEO. </li>
<li>CFO and CCG leaders named as interim co-CEO's with the latter also assuming a newly created role as CEO of Intel's Products (CCG, DCAI &amp; NEX)</li>
<li>It's the beginning of the end for Intel as we used to know it</li>
</ul>


No stated reason for Mr. Gelsinger's shock resignation as Intel's CEO. 
CFO and CCG leaders named as interim co-CEO's with the latter also assuming a newly created role as CEO of Intel's Products (CCG, DCAI &amp; NEX)
It's the beginning of the end for Intel as we used to know it


Intel CEO Shock Resignation. What's Going On?

Technology / Semiconductor / Internet Research

Nicolas Baratte

TSMC (Taiwan Semiconductor Manufacturing) / Equity Bottom-Up

TSMC (Taiwan Semiconductor Manufacturing)

<ul>
<li>Samsung Semiconductor re-org, new reporting lines, top management promotions and demotions, but the same people. That's going to solve problems? Qualcomm gives up on buying Intel - good idea. </li>
<li>Xiaomi to launch its smartphone chip, but what for? Intel launching a PC GPU again . Apple delays or abandons 2nm for M5 chip (too expensive). TSMC increasing CoWoS again. </li>
<li>China - US worsening relations, side effect is over buying, over stocking of semiconductors? is there a bunch of inventories in China that we can't see?  </li>
</ul>


Samsung Semiconductor re-org, new reporting lines, top management promotions and demotions, but the same people. That's going to solve problems? Qualcomm gives up on buying Intel - good idea. 
Xiaomi to launch its smartphone chip, but what for? Intel launching a PC GPU again . Apple delays or abandons 2nm for M5 chip (too expensive). TSMC increasing CoWoS again. 
China - US worsening relations, side effect is over buying, over stocking of semiconductors? is there a bunch of inventories in China that we can't see?  


Tech News This Week: Samsung Re-Org, QCOM Gives up on Intel, TSMC Increase CoWoS, Apple Delays 2nm

<ul>
<li>Intel is now set to receive $7.86 billion in CHIPs Act funding, down from the $8.5 billion originally touted back in March 2024</li>
<li>The funding comes with a raft of restrictions and caveats regarding what happens in the event of any changes in Intel's organizational structure and/or ownership</li>
<li>The US Department of Commerce also reserves the right to withhold funding and/or weigh in on decisions around outsourcing if Intel fails to meet key, critical milestones. Ouch!</li>
</ul>


Intel is now set to receive $7.86 billion in CHIPs Act funding, down from the $8.5 billion originally touted back in March 2024
The funding comes with a raft of restrictions and caveats regarding what happens in the event of any changes in Intel's organizational structure and/or ownership
The US Department of Commerce also reserves the right to withhold funding and/or weigh in on decisions around outsourcing if Intel fails to meet key, critical milestones. Ouch!


Intel Finalises US CHIPS Funding But With Some Rather Unusual T&C's

Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Market & Forensics Analyst

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

Thematic (Sector/Industry)

<ul>
<li>Semiconductors are the unsung heroes of the modern world. These tiny chips power everything from smartphones and laptops to cars, data centers, and even advanced artificial intelligence systems.</li>
<li>While the US has historically led in semiconductor innovation, China is rapidly trying to catch up. This competition has led to global push for self-sufficiency in semiconductor production.</li>
<li>Countries worldwide are investing heavily in semiconductor production to reduce their dependence on foreign suppliers and gain a strategic advantage.</li>
</ul>


Semiconductors are the unsung heroes of the modern world. These tiny chips power everything from smartphones and laptops to cars, data centers, and even advanced artificial intelligence systems.
While the US has historically led in semiconductor innovation, China is rapidly trying to catch up. This competition has led to global push for self-sufficiency in semiconductor production.
Countries worldwide are investing heavily in semiconductor production to reduce their dependence on foreign suppliers and gain a strategic advantage.


Thematic Report: The Semiconductor Race~ A Battle for Technological Supremacy

United States

Intel Corporation designs, manufactures, and sells computer components and related products.  The Company's major products include microprocessors, chipsets, embedded processors and microcontrollers, flash memory products, graphics products, network and communications products, systems management software, conferencing products, and digital imaging products.

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Intel Corp (INTC US)

Is Intel Doomed Without Patrick Gelsinger? The Challenges Facing Its New CEO!

Intel has been making headlines recently with a series of significant developments that underscore the company’s tumultuous state. On December 1,...

Baptista Research

Intel CEO Shock Resignation. What's Going On?

CEO Gelsinger's gone with no reason given. Use your imagination. CFO & CCG leaders named as interim co-CEO's. Strong emphasis on Intel products...

William Keating

Tech News This Week: Samsung Re-Org, QCOM Gives up on Intel, TSMC Increase CoWoS, Apple Delays 2nm

Samsung re-orgs, Qualcomm backs off from Intel purchase, Xiaomi enters chip market, Intel introduces PC GPU, Apple delays 2nm for M5, TSMC boosts...

Nicolas Baratte

Intel Finalises US CHIPS Funding But With Some Rather Unusual T&C's

Intel's $7.86 billion in CHIPs Act funding comes with a raft of restrictions and caveats, including what happens in the case of an Intel...

William Keating

Thematic Report: The Semiconductor Race~ A Battle for Technological Supremacy

Semiconductors are crucial for modern technology, with global competition driving countries to invest in self-sufficiency for strategic advantage.

Nimish Maheshwari

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52-week Range

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Is Intel Doomed Without Patrick Gelsinger? The Challenges Facing Its New CEO!

Intel has been making headlines recently with a series of significant developments that underscore the company’s tumultuous state. On December 1,...

Baptista Research

Intel CEO Shock Resignation. What's Going On?

CEO Gelsinger's gone with no reason given. Use your imagination. CFO & CCG leaders named as interim co-CEO's. Strong emphasis on Intel products...

William Keating

Tech News This Week: Samsung Re-Org, QCOM Gives up on Intel, TSMC Increase CoWoS, Apple Delays 2nm

​Samsung re-orgs, Qualcomm backs off from Intel purchase, Xiaomi enters chip market, Intel introduces PC GPU, Apple delays 2nm for M5, TSMC boosts...

Nicolas Baratte

Intel Finalises US CHIPS Funding But With Some Rather Unusual T&C's

Intel's $7.86 billion in CHIPs Act funding comes with a raft of restrictions and caveats, including what happens in the case of an Intel...

William Keating

Thematic Report: The Semiconductor Race~ A Battle for Technological Supremacy

​Semiconductors are crucial for modern technology, with global competition driving countries to invest in self-sufficiency for strategic advantage.

Nimish Maheshwari

Samsung re-orgs, Qualcomm backs off from Intel purchase, Xiaomi enters chip market, Intel introduces PC GPU, Apple delays 2nm for M5, TSMC boosts...

Semiconductors are crucial for modern technology, with global competition driving countries to invest in self-sufficiency for strategic advantage.