Asia and Global Semiconductor and Tech Research

Andrew Lu

Equity Bottom-Up

<h2>Summary</h2><ul>
<li><em><strong>Microsoft invites Intel's competitors to cloud</strong>: At 2017 Open Compute Project Summit, Microsoft announced a collaboration with Qualcomm's 48-cores ARM Centriq 2400, AMD's x86 Naples, and Cavium's ThunderX2 ARMv8-A for its next-generation hyper scale open source cloud Project Olympus.</em></li>
<li>
<strong><strong><em>What's Open Compute Project (OCP)? </em></strong></strong><em>Facebook started a project to design the world’s most energy efficient data center, one that could handle unprecedented scale at the lowest possible cost. In 2011, Facebook</em>…</li>
</ul>

Summary
Microsoft invites Intel's competitors to cloud: At 2017 Open Compute Project Summit, Microsoft announced a collaboration with Qualcomm's 48-cores ARM Centriq 2400, AMD's x86 Naples, and Cavium's ThunderX2 ARMv8-A for its next-generation hyper scale open source cloud Project Olympus.

What's Open Compute Project (OCP)? Facebook started a project to design the world’s most energy efficient data center, one that could handle unprecedented scale at the lowest possible cost. In 2011, Facebook…


Challenges and Risks Ahead for Intel; Part 2 on Microsoft's Olympus Platform to Invite Competitors

<h2>Challenges ahead for Intel due to lack of 10nm</h2><p>In addition to <a href="https://www.smartkarma.com/entities/19009" target="_blank" data-smartkarma-citation="entities:19009:1">Advanced Micro Devices (AMD US)</a> is rolling out its 14nm Ryzen gaming CPU 1800X at the price less than half price of US$1,028 for <a href="https://www.smartkarma.com/entities/16764" target="_blank" data-smartkarma-citation="entities:16764:1">Intel Corp (INTC US)</a>'s comparable CPU core i7-6900K (please see our earlier report "<a href="https://www.smartkarma.com/insights/will-a-gaming-cpu-price-war-between-intel-and-amd-begin" target="_blank" data-smartkarma-citation="insights:9062">Will a Gaming CPU Price War Between Intel and AMD Begin?</a>" dated 22 Feb 2017), we see 10nm smartphone ICs competition about to begin in the next few months but Intel can only use 14nm process to compete throughout 2017. Lately…</p>

Challenges ahead for Intel due to lack of 10nmIn addition to Advanced Micro Devices (AMD US) is rolling out its 14nm Ryzen gaming CPU 1800X at the price less than half price of US$1,028 for Intel Corp (INTC US)'s comparable CPU core i7-6900K (please see our earlier report "Will a Gaming CPU Price War Between Intel and AMD Begin?" dated 22 Feb 2017), we see 10nm smartphone ICs competition about to begin in the next few months but Intel can only use 14nm process to compete throughout 2017. Lately…

Challenges and Downside Risks Ahead for Intel Due to Lack of 10nm

Advanced Micro Devices / Equity Bottom-Up

<h2>Summary</h2><ul>
<li><em><strong>A new AMD CPU at less than 50% of Intel one</strong>: AMD announced Ryzen 7 x86 CPUs for PC gamers, creators, and enthusiasts to be performance comparable to Intel Core i7-6900K's but will be selling at less than half price of US$1,028 for Intel CPU. </em></li>
<li>
<em><strong>A gaming CPU price war will begin</strong>: Given the price, performance, and thermal design power advantages on these new AMD x86 CPUs, we expect an inevitable trend for Intel to lose 10ppts shares or more to AMD in the next 12 months unless Intel will cut</em>…</li>
</ul>

Summary
A new AMD CPU at less than 50% of Intel one: AMD announced Ryzen 7 x86 CPUs for PC gamers, creators, and enthusiasts to be performance comparable to Intel Core i7-6900K's but will be selling at less than half price of US$1,028 for Intel CPU. 

A gaming CPU price war will begin: Given the price, performance, and thermal design power advantages on these new AMD x86 CPUs, we expect an inevitable trend for Intel to lose 10ppts shares or more to AMD in the next 12 months unless Intel will cut…


Will a Gaming CPU Price War Between Intel and AMD Begin?

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.

<ul><li>Advanced Micro Devices (AMD) reported fourth-quarter results that saw data center sales significantly accelerate throughout 2023, delivering record data center segment annually and strong top-line and bottom-line growth in Q4.</li><li>This was fueled by the growth of Instinct AI accelerators and robust demand for EPYC server CPUs across various customer groups.</li><li>Fourth quarter revenue increased 10% year-over-year to $6.2 billion, primarily driven by significant double-digit percentage growth in AMD's data center and client segments.</li></ul>

Advanced Micro Devices (AMD) reported fourth-quarter results that saw data center sales significantly accelerate throughout 2023, delivering record data center segment annually and strong top-line and bottom-line growth in Q4.This was fueled by the growth of Instinct AI accelerators and robust demand for EPYC server CPUs across various customer groups.Fourth quarter revenue increased 10% year-over-year to $6.2 billion, primarily driven by significant double-digit percentage growth in AMD's data center and client segments.

Advanced Micro Devices (AMD): An Analysis Of Its Competitive Road Map and Innovation & Major Growth Catalysts - Financial Forecasts

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Cambricon Technologies  Lt / Equity Bottom-Up

<ul>
<li>It was recently announced that US government put 36 Chinese companies including Cambricon Technologies on its trade blacklist that can restrict the semiconductor maker's access to US technologies and products.</li>
<li>The US government has determined that Cambricon Technologies and these other Chinese companies pose risk to the US national security.</li>
<li>We believe that Cambricon Technologies being included in the trade blacklist by the US government is likely to have a long-term negative impact on the company.</li>
</ul>


It was recently announced that US government put 36 Chinese companies including Cambricon Technologies on its trade blacklist that can restrict the semiconductor maker's access to US technologies and products.
The US government has determined that Cambricon Technologies and these other Chinese companies pose risk to the US national security.
We believe that Cambricon Technologies being included in the trade blacklist by the US government is likely to have a long-term negative impact on the company.


Cambricon Technologies: Trade Blacklist by the US Govt Likely to Have Long-Term Negative Impact

United States

Advanced Micro Devices, Inc. (AMD) produces semiconductor products and devices. The Company offers products such as microprocessors, embedded microprocessors, chipsets, graphics, video and multimedia products and supplies it to third-party foundries, as well as provides assembling, testing, and packaging services. AMD serves customers worldwide.

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Advanced Micro Devices (AMD US)

Challenges and Risks Ahead for Intel; Part 2 on Microsoft's Olympus Platform to Invite Competitors

Summary Microsoft invites Intel's competitors to cloud: At 2017 Open Compute Project Summit, Microsoft announced a collaboration with Qualcomm's...

Andrew Lu

Challenges and Downside Risks Ahead for Intel Due to Lack of 10nm

Challenges ahead for Intel due to lack of 10nmIn addition to Advanced Micro Devices (AMD US) is rolling out its 14nm Ryzen gaming CPU 1800X at the...

Andrew Lu

Will a Gaming CPU Price War Between Intel and AMD Begin?

Summary A new AMD CPU at less than 50% of Intel one: AMD announced Ryzen 7 x86 CPUs for PC gamers, creators, and enthusiasts to be performance...

Andrew Lu

Advanced Micro Devices (AMD): An Analysis Of Its Competitive Road Map and Innovation & Major Growth Catalysts - Financial Forecasts

Advanced Micro Devices (AMD) reported fourth-quarter results that saw data center sales significantly accelerate throughout 2023, delivering...

Baptista Research

Cambricon Technologies: Trade Blacklist by the US Govt Likely to Have Long-Term Negative Impact

We believe that Cambricon Technologies being included in the trade blacklist by the US government is likely to have a long-term negative impact on...

Douglas Kim

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