Taiwan Tech Focused Senior Analyst

Patrick Liao

Equity Bottom-Up

King Yuan Electronics Co, Ltd. / Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/nvidia-corp" target="_blank" data-smartkarma-citation="entities:5891:1" rel="noopener">NVIDIA Corp (NVDA US)</a> drives <a href="https://www.smartkarma.com/entities/king-yuan-electronics-co-ltd" target="_blank" data-smartkarma-citation="entities:6630:1" rel="noopener">King Yuan Electronics Co, Ltd. (2449 TT)</a> stock price, but their growth is still limited in 2023F.</li>
<li>
<a href="https://www.smartkarma.com/entities/king-yuan-electronics-co-ltd" target="_blank" data-smartkarma-citation="entities:6630:1" rel="noopener">King Yuan Electronics Co, Ltd. (2449 TT)</a> acts as a buffer for <a href="https://www.smartkarma.com/entities/mediatek-inc" target="_blank" data-smartkarma-citation="entities:772:1" rel="noopener">Mediatek Inc (2454 TT)</a> end demand during 2023F.</li>
<li>Although it is not yet the time to reverse the downturn in 2023F, <a href="https://www.smartkarma.com/entities/king-yuan-electronics-co-ltd" target="_blank" data-smartkarma-citation="entities:6630:1" rel="noopener">King Yuan Electronics Co, Ltd. (2449 TT)</a> is expected to continue its upward trend throughout 2H23F.</li>
</ul>



NVIDIA Corp (NVDA US) drives King Yuan Electronics Co, Ltd. (2449 TT) stock price, but their growth is still limited in 2023F.

King Yuan Electronics Co, Ltd. (2449 TT) acts as a buffer for Mediatek Inc (2454 TT) end demand during 2023F.
Although it is not yet the time to reverse the downturn in 2023F, King Yuan Electronics Co, Ltd. (2449 TT) is expected to continue its upward trend throughout 2H23F.


KYEC (2449.TT): Beneficiary of AI with Contribution of CoWoS Testing

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 delivered a disappointing set of results as the company was unable to meet the revenue expectations as well as earnings expectations of Wall Street.</li><li>Despite the decline in revenue, the company's diversified end-market exposure provided stability and resilience.</li><li>Amkor's technology leadership in advanced packaging allowed them to win new programs in the communications market, offsetting the softening of the consumer and computing markets.</li></ul>

Amkor Technology delivered a disappointing set of results as the company was unable to meet the revenue expectations as well as earnings expectations of Wall Street.Despite the decline in revenue, the company's diversified end-market exposure provided stability and resilience.Amkor's technology leadership in advanced packaging allowed them to win new programs in the communications market, offsetting the softening of the consumer and computing markets.

Amkor Technology: 4 Key Factors That Will Help Offset The Revenue Decline – Financial Forecasts

Equity Capital Markets

Amkor Technology / Equity Capital Markets

<ul><li>Amkor produced a mixed set of results for the fourth-quarter with revenues of $1.9 billion that were above analyst expectations.</li><li>Demand for premium-tier smartphones was stronger than anticipated, while the automotive and industrial markets outperformed other markets where demand was weaker.</li><li>The demand for innovative packaging and infotainment systems helped the company was strong in the automotive and industrial sectors.</li></ul>

Amkor produced a mixed set of results for the fourth-quarter with revenues of $1.9 billion that were above analyst expectations.Demand for premium-tier smartphones was stronger than anticipated, while the automotive and industrial markets outperformed other markets where demand was weaker.The demand for innovative packaging and infotainment systems helped the company was strong in the automotive and industrial sectors.

Amkor Technology Inc.: Expansion of European Supply Chain & Other Drivers

<ul><li>Amkor Technology delivered excellent results in the last quarter and managed an all-around beat as its end markets showed a very strong demand.</li><li>Whereas market forecasts are weakened in some areas and the industry has been facing near-term macroeconomic headwinds, demand for the company’s advanced packaging technology stays strong, and the momentum strengthened in this quarter.</li><li>Revenue from computing end markets increased, and the test business of the company grew.</li></ul>

Amkor Technology delivered excellent results in the last quarter and managed an all-around beat as its end markets showed a very strong demand.Whereas market forecasts are weakened in some areas and the industry has been facing near-term macroeconomic headwinds, demand for the company’s advanced packaging technology stays strong, and the momentum strengthened in this quarter.Revenue from computing end markets increased, and the test business of the company grew.

Amkor Technology: Entry Into TSMC’s OIP 3DFabric Alliance & Other Developments

<ul><li>This is our first report on Amkor, a medium-sized provider of provider of outsourced semiconductor packaging and test services.</li><li>Although the market is experiencing macroeconomic challenges, demand for their services, particularly advanced packaging, is still strong.</li><li>The automotive semiconductor market is predicted to develop faster than the entire sector.</li></ul>

This is our first report on Amkor, a medium-sized provider of provider of outsourced semiconductor packaging and test services.Although the market is experiencing macroeconomic challenges, demand for their services, particularly advanced packaging, is still strong.The automotive semiconductor market is predicted to develop faster than the entire sector.

Amkor Technology Inc.: Initiation of Coverage – Financial Forecasts

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)

KYEC (2449.TT): Beneficiary of AI with Contribution of CoWoS Testing

It is not yet the time to judge, the upturn in 2023F, KYEC is expected to continue its upward trend throughout 2H23F. Nvidia is the driver of...

Patrick Liao

Amkor Technology: 4 Key Factors That Will Help Offset The Revenue Decline – Financial Forecasts

Amkor Technology delivered a disappointing set of results as the company was unable to meet the revenue expectations as well as earnings...

Baptista Research

Amkor Technology Inc.: Expansion of European Supply Chain & Other Drivers

Amkor produced a mixed set of results for the fourth-quarter with revenues of $1.9 billion that were above analyst expectations. Demand for...

Baptista Research

Amkor Technology: Entry Into TSMC’s OIP 3DFabric Alliance & Other Developments

Amkor Technology delivered excellent results in the last quarter and managed an all-around beat as its end markets showed a very strong...

Baptista Research

Amkor Technology Inc.: Initiation of Coverage – Financial Forecasts

This is our first report on Amkor, a medium-sized provider of provider of outsourced semiconductor packaging and test services. Although the...

Baptista Research

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