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

Equity Bottom-Up

<ul>
<li>Amkor, the largest US-headquartered outsourced semiconductor packaging and test (OSAT) provider, delivered record first quarter revenue of $1.68 billion, increasing 27% YoY, while being seasonally down 10.7% QoQ</li>
<li>2026 CapEx was reaffirmed at $2.5 billion to $3 billion. 65% to 70% is projected for facility expansion, including Phase 1 of their Arizona campus. </li>
<li>Amkor has offered $1 billion in convertible senior notes. It's basically a $1 billion interest free loan, with the lenders hoping for windfall return in the form of Amkor shares.</li>
</ul>


Amkor, the largest US-headquartered outsourced semiconductor packaging and test (OSAT) provider, delivered record first quarter revenue of $1.68 billion, increasing 27% YoY, while being seasonally down 10.7% QoQ
2026 CapEx was reaffirmed at $2.5 billion to $3 billion. 65% to 70% is projected for facility expansion, including Phase 1 of their Arizona campus. 
Amkor has offered $1 billion in convertible senior notes. It's basically a $1 billion interest free loan, with the lenders hoping for windfall return in the form of Amkor shares.


Amkor Q1 2026. Money For Nothing & Your Shares For Free

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>Amkor Technology reported a record first quarter of 2026 with revenues reaching $1.68 billion, marking a 27% increase year-over-year and surpassing the midpoint of guidance.</li><li>Growth was evident across all end markets, most notably in communications, which increased by 42%, driven by robust demand for premium iOS smartphones and sustained Android strength.</li><li>Computing revenues rose 19%, supported primarily by AI data center applications, although this was partially offset by weakness in PC and laptop segments.</li></ul>

Amkor Technology reported a record first quarter of 2026 with revenues reaching $1.68 billion, marking a 27% increase year-over-year and surpassing the midpoint of guidance.Growth was evident across all end markets, most notably in communications, which increased by 42%, driven by robust demand for premium iOS smartphones and sustained Android strength.Computing revenues rose 19%, supported primarily by AI data center applications, although this was partially offset by weakness in PC and laptop segments.

Amkor Technology: 27% Revenue Surge Masks A Supply Chain Constraint That Is Squeezing Capacity!

<ul><li>Amkor Technology reported its financial results for the fourth quarter and full year 2025, highlighting a revenue of $1.89 billion for Q4—down 5% sequentially but up 16% year-over-year—and $6.7 billion for the full year, marking a 6% increase compared to 2024.</li><li>The company posted quarterly earnings per share (EPS) of $0.69, reflecting solid profitability, and achieved a full-year EPS of $1.50.</li><li>Growth was driven predominantly by the computing segment, which showed a 6% year-over-year increase in Q4 and 16% for the year, fueled by demand related to artificial intelligence (AI) and high-performance computing (HPC).</li></ul>

Amkor Technology reported its financial results for the fourth quarter and full year 2025, highlighting a revenue of $1.89 billion for Q4—down 5% sequentially but up 16% year-over-year—and $6.7 billion for the full year, marking a 6% increase compared to 2024.The company posted quarterly earnings per share (EPS) of $0.69, reflecting solid profitability, and achieved a full-year EPS of $1.50.Growth was driven predominantly by the computing segment, which showed a 6% year-over-year increase in Q4 and 16% for the year, fueled by demand related to artificial intelligence (AI) and high-performance computing (HPC).

Amkor Technology: Supply Chain Diversification And Advanced Packaging—A Powerful Competitive Edge!

<ul><li>Amkor Technology's third-quarter 2025 financial results showcased strong performance and strategic advancements, yet they also highlighted some areas of pressure and challenges.</li><li>The company reported a revenue of $1.99 billion, marking a 31% sequential increase and a 7% year-over-year growth, exceeding expectations.</li><li>Earnings per share (EPS) for the quarter stood at $0.51, also above the guidance provided.</li></ul>

Amkor Technology's third-quarter 2025 financial results showcased strong performance and strategic advancements, yet they also highlighted some areas of pressure and challenges.The company reported a revenue of $1.99 billion, marking a 31% sequential increase and a 7% year-over-year growth, exceeding expectations.Earnings per share (EPS) for the quarter stood at $0.51, also above the guidance provided.

Amkor Technology Doubles Down on Ultra-High-Density Packaging – Is This the Next Tech Revolution?

AI and Energy Infrastructure, Explained Plainly, The Physical Layer

The Physical Layer

AI and Energy Infrastructure, Explained Plainly

A journal on the physical constraints behind the AI buildout: power, grid connection, data centres, cooling and the supply chains that gate them. Written to be understood by anyone.

TSMC (Taiwan Semiconductor Manufacturing) / Equity Bottom-Up

TSMC (Taiwan Semiconductor Manufacturing) (2330 TT)

TSMC (Taiwan Semiconductor Manufacturing)

<ul><li>Almost every advanced AI chip, whoever designs it, is made by one company, TSMC, mostly in Taiwan.</li><li>Its chief executive says those factories, not electricity, are what limits AI today, and the company's own numbers show why: a new chip factory takes years to build and more years to fill.</li><li>That is a fair point, and it changes how long I think the chip side of the shortage lasts.</li></ul>

Almost every advanced AI chip, whoever designs it, is made by one company, TSMC, mostly in Taiwan.Its chief executive says those factories, not electricity, are what limits AI today, and the company's own numbers show why: a new chip factory takes years to build and more years to fill.That is a fair point, and it changes how long I think the chip side of the shortage lasts.

TSMC's chief says the AI bottleneck is its factories, not the power grid

United States

Amkor Technology, Inc. provides semiconductor packaging and test services.  The Company offers deep submicron wafer fabrication, wafer probe testing, integrated circuit packaging assembly and design, final testing, reliability testing, burn-in, and electrical characterization.

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Amkor Technology (AMKR US)

Amkor Q1 2026. Money For Nothing & Your Shares For Free

Amkor has offered $1 billion in convertible senior notes. It's basically a $1 billion interest free loan, with the lenders hoping for windfall...

William Keating

Amkor Technology: 27% Revenue Surge Masks A Supply Chain Constraint That Is Squeezing Capacity!

Amkor Technology reported a record first quarter of 2026 with revenues reaching $1.68 billion, marking a 27% increase year-over-year and...

Baptista Research

Amkor Technology: Supply Chain Diversification And Advanced Packaging—A Powerful Competitive Edge!

Amkor Technology reported its financial results for the fourth quarter and full year 2025, highlighting a revenue of $1.89 billion for Q4—down 5%...

Baptista Research

Amkor Technology Doubles Down on Ultra-High-Density Packaging – Is This the Next Tech Revolution?

Amkor Technology's third-quarter 2025 financial results showcased strong performance and strategic advancements, yet they also highlighted some...

Baptista Research

TSMC's chief says the AI bottleneck is its factories, not the power grid

Almost every advanced AI chip, whoever designs it, is made by one company, TSMC, mostly in Taiwan. Its chief executive says those factories, not...

The Physical Layer

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