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>Whether Intel can achieve Process or Foundry leadership in a credible timeframe is something Mr. Tan has relatively little control over in the short term.</li>
<li>His most pressing challenge will be to address the corporate culture of entitlement that's rife throughout the company, starting with the BoD</li>
<li>Measure his success by the number of high profile resignations we see in the coming months. Those who created Intel's problems cannot be the ones to fix them. </li>
</ul>


Whether Intel can achieve Process or Foundry leadership in a credible timeframe is something Mr. Tan has relatively little control over in the short term.
His most pressing challenge will be to address the corporate culture of entitlement that's rife throughout the company, starting with the BoD
Measure his success by the number of high profile resignations we see in the coming months. Those who created Intel's problems cannot be the ones to fix them. 


Intel. Mr. Tan's Greatest Challenge Is Not Process Or Foundry Leadership. It's Something Far Bigger

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>Intel’s struggles in the semiconductor industry have reached a critical juncture.</li><li>The once-dominant chipmaker, which led the global semiconductor space for decades, has lost significant market share to competitors like Nvidia, AMD, and TSMC.</li><li>Manufacturing setbacks, market share declines, and massive losses in its foundry business have plagued Intel over the past few years.</li></ul>

Intel’s struggles in the semiconductor industry have reached a critical juncture.The once-dominant chipmaker, which led the global semiconductor space for decades, has lost significant market share to competitors like Nvidia, AMD, and TSMC.Manufacturing setbacks, market share declines, and massive losses in its foundry business have plagued Intel over the past few years.

Intel’s Last Chance: What Can New CEO Lip-Bu Tan Do To Save The Day?

Taiwan Tech Focused Senior Analyst

Patrick Liao

<ul>
<li>
<a href="https://www.smartkarma.com/entities/intel-corp" target="_blank" data-smartkarma-citation="entities:16764:1" rel="noopener">Intel Corp (INTC US)</a> has hired Mr. Lip-Bu Tan as the new CEO effective March 18th. He was formerly a board member of Intel before resigning in June 2024.</li>
<li>The A18 technology node marks a new beginning for <a href="https://www.smartkarma.com/entities/intel-corp" target="_blank" data-smartkarma-citation="entities:16764:1" rel="noopener">Intel Corp (INTC US)</a>, which is believed to be the new hope, but we approach it with caution.</li>
<li>
<a href="https://www.smartkarma.com/entities/intel-corp" target="_blank" data-smartkarma-citation="entities:16764:1" rel="noopener">Intel Corp (INTC US)</a> should focus on developing its own technology and also consider using <a href="https://www.smartkarma.com/entities/taiwan-semiconductor-sp-adr" target="_blank" data-smartkarma-citation="entities:8587:1" rel="noopener">Taiwan Semiconductor (TSMC) - ADR (TSM US)</a> as an insurance policy.  </li>
</ul>



Intel Corp (INTC US) has hired Mr. Lip-Bu Tan as the new CEO effective March 18th. He was formerly a board member of Intel before resigning in June 2024.
The A18 technology node marks a new beginning for Intel Corp (INTC US), which is believed to be the new hope, but we approach it with caution.

Intel Corp (INTC US) should focus on developing its own technology and also consider using Taiwan Semiconductor (TSMC) - ADR (TSM US) as an insurance policy.  


Intel (INTC.US): Exploring a Tough Journey. (III)

<ul>
<li>Lip-Bu Tan, former CEO of Cadence and founding partner at Walden Catalyst Ventures, will become Intel's ninth CEO effective March 18</li>
<li>Mr. Tan is an extremely impressive technology leader, speaker, &amp; influencer with many and varied interests. He is an excellent choice for the most important CEO role in Intel's history</li>
<li>Press releases seem to emphasise Products over Foundry but any decision in this regard will take time so it doesn't appear that Mr. Tan is simply following the board's orders.</li>
</ul>


Lip-Bu Tan, former CEO of Cadence and founding partner at Walden Catalyst Ventures, will become Intel's ninth CEO effective March 18
Mr. Tan is an extremely impressive technology leader, speaker, &amp; influencer with many and varied interests. He is an excellent choice for the most important CEO role in Intel's history
Press releases seem to emphasise Products over Foundry but any decision in this regard will take time so it doesn't appear that Mr. Tan is simply following the board's orders.


Intel Finally Gets A New CEO: Lip-Bu Tan. Now What?

Technology / Semiconductor / Internet Research

Nicolas Baratte

<ul>
<li>The return of Mr. Tan as CEO suggests that spinning off or selling  Intel Foundry will accelerate, Intel’s focus should improve.</li>
<li>It probably also means scaling down considerably Intel manufacturing plans and outsourcing more to TSMC. If you can’t beat them, join them.</li>
<li>Now is not a good time to buy Semiconductor stocks. It will take a couple of years to fix Intel’s problems. TSMC will benefit.</li>
</ul>


The return of Mr. Tan as CEO suggests that spinning off or selling  Intel Foundry will accelerate, Intel’s focus should improve.
It probably also means scaling down considerably Intel manufacturing plans and outsourcing more to TSMC. If you can’t beat them, join them.
Now is not a good time to buy Semiconductor stocks. It will take a couple of years to fix Intel’s problems. TSMC will benefit.


Intel: A Better CEO that Understand that Intel Should Fix Its Own Problems, Not Compete with TSMC

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)

Intel. Mr. Tan's Greatest Challenge Is Not Process Or Foundry Leadership. It's Something Far Bigger

Intel's BoD awarded its co-interim CEO's $1.5 million each for the 3.5 months in the role. This compares to the new CEO's $1 million annual salary....

William Keating

Intel’s Last Chance: What Can New CEO Lip-Bu Tan Do To Save The Day?

Intel’s struggles in the semiconductor industry have reached a critical juncture. The once-dominant chipmaker, which led the global semiconductor...

Baptista Research

Intel (INTC.US): Exploring a Tough Journey. (III)

Intel Corp has a new CEO, Mr. Lip-Bu Tan, and is entering a new technology node cautiously, relying on its own technology and Taiwan Semiconductor...

Patrick Liao

Intel Finally Gets A New CEO: Lip-Bu Tan. Now What?

Press releases seem to emphasise Products over Foundry but any decision in this regard will take time so it doesn't appear that Mr. Tan is simply...

William Keating

Intel: A Better CEO that Understand that Intel Should Fix Its Own Problems, Not Compete with TSMC

Mr. Tan's return as CEO of Intel signals a likely acceleration in spinning off Intel Foundry and outsourcing more manufacturing to TSMC, impacting...

Nicolas Baratte

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Intel. Mr. Tan's Greatest Challenge Is Not Process Or Foundry Leadership. It's Something Far Bigger

Intel's BoD awarded its co-interim CEO's $1.5 million each for the 3.5 months in the role. This compares to the new CEO's $1 million annual salary....

William Keating

Intel’s Last Chance: What Can New CEO Lip-Bu Tan Do To Save The Day?

Intel’s struggles in the semiconductor industry have reached a critical juncture. The once-dominant chipmaker, which led the global semiconductor...

Baptista Research

Intel (INTC.US): Exploring a Tough Journey. (III)

​Intel Corp has a new CEO, Mr. Lip-Bu Tan, and is entering a new technology node cautiously, relying on its own technology and Taiwan Semiconductor...

Patrick Liao

Intel Finally Gets A New CEO: Lip-Bu Tan. Now What?

Press releases seem to emphasise Products over Foundry but any decision in this regard will take time so it doesn't appear that Mr. Tan is simply...

William Keating

Intel: A Better CEO that Understand that Intel Should Fix Its Own Problems, Not Compete with TSMC

​Mr. Tan's return as CEO of Intel signals a likely acceleration in spinning off Intel Foundry and outsourcing more manufacturing to TSMC, impacting...

Nicolas Baratte

Intel Corp has a new CEO, Mr. Lip-Bu Tan, and is entering a new technology node cautiously, relying on its own technology and Taiwan Semiconductor...

Mr. Tan's return as CEO of Intel signals a likely acceleration in spinning off Intel Foundry and outsourcing more manufacturing to TSMC, impacting...