Semiconductors, Memory and SSDs Specialist, Objective Analysis

Jim Handy

Semiconductors, Memory and SSDs Specialist

Objective Analysis

Objective Analysis offers third-party independent market research and data for the semiconductor industry and investors in the semiconductor industry.

Semiconductors, Memory and SSDs

Equity Bottom-Up

<ul>
<li>Micron's Sept 29 4QF22 earnings call met the company's low guidance for the quarter</li>
<li>The company's current-quarter outlook is for a significantly worse 4QF22</li>
<li>This phenomenon will impact the earnings for all of Micron's competition in upcoming calls</li>
</ul>


Micron's Sept 29 4QF22 earnings call met the company's low guidance for the quarter
The company's current-quarter outlook is for a significantly worse 4QF22
This phenomenon will impact the earnings for all of Micron's competition in upcoming calls


Managing Director, Zero One, Zero One

Vincent Fernando, CFA

Managing Director, Zero One

<ul>
<li>We estimate that Nanya Technology has the highest level of net cash as a percent of its market cap in its history and it is trading well below 1x PBV.</li>
<li>The median 6-month total shareholder return has been 40.5% for instances since 2012 when Nanya Tech has traded below 1.0x PBV.</li>
<li>Micron's results this Thursday will provide color on Nanya's outlook and could be a catalyst.</li>
</ul>


We estimate that Nanya Technology has the highest level of net cash as a percent of its market cap in its history and it is trading well below 1x PBV.
The median 6-month total shareholder return has been 40.5% for instances since 2012 when Nanya Tech has traded below 1.0x PBV.
Micron's results this Thursday will provide color on Nanya's outlook and could be a catalyst.


Nanya Tech: Valuation Backtest Implies Upside, Potential Catalyst Thursday

TSMC (Taiwan Semiconductor Manufacturing) / Equity Bottom-Up

TSMC (Taiwan Semiconductor Manufacturing) (2330 TT)

TSMC (Taiwan Semiconductor Manufacturing)

<ul>
<li>US bans high end chip sales to China, Nvidia shares sink in reaction, as do Nvida suppliers and the overall sector.</li>
<li>Broadcom's fiscal Q3 results beat expectations and its optimistic outlook bucks the industry trend.</li>
<li>Yulon motors soars 9%; its JV with Hon Hai has received 10,000 EV pre-orders in two days.</li>
</ul>


US bans high end chip sales to China, Nvidia shares sink in reaction, as do Nvida suppliers and the overall sector.
Broadcom's fiscal Q3 results beat expectations and its optimistic outlook bucks the industry trend.
Yulon motors soars 9%; its JV with Hon Hai has received 10,000 EV pre-orders in two days.


Taiwan Tech Weekly: More Nvidia Issues, Broadcom Surprises, Yulon Soars

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>Micron Technology is in the process of transitioning to more sophisticated nodes and is also investing heavily in memory manufacturing.</li><li>The management is striving to control capital expenditures, manage funds utilization, especially for some of its legacy nodes, and focus on cost-effective nodes to see how it can optimize them and the manufacturing footprint area.</li><li>In this report, we have carried out a fundamental analysis of the historical financial statements of the company.</li></ul>

Micron Technology is in the process of transitioning to more sophisticated nodes and is also investing heavily in memory manufacturing.The management is striving to control capital expenditures, manage funds utilization, especially for some of its legacy nodes, and focus on cost-effective nodes to see how it can optimize them and the manufacturing footprint area.In this report, we have carried out a fundamental analysis of the historical financial statements of the company.

Micron Technology: Increased Investments In Memory Manufacturing & Other Drivers

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Equity Capital Markets

Openedges Technology / Equity Capital Markets

<ul>
<li>Open Edges Technology is getting ready to complete its IPO in Korea in September 2022. The IPO price range is from 15,000 won to 18,000 won.</li>
<li>The IPO base deal size is from US$42 million to US$50 million. The expected market cap after the IPO is from 334 billion won to 401 billion won. </li>
<li>Open Edges Technology is a system semiconductor IP specialist with one of the world's only integrated AI semiconductor design asset IP platform. </li>
</ul>


Open Edges Technology is getting ready to complete its IPO in Korea in September 2022. The IPO price range is from 15,000 won to 18,000 won.
The IPO base deal size is from US$42 million to US$50 million. The expected market cap after the IPO is from 334 billion won to 401 billion won. 
Open Edges Technology is a system semiconductor IP specialist with one of the world's only integrated AI semiconductor design asset IP platform. 


United States

Micron Technology, Inc., through its subsidiaries, manufactures and markets dynamic random access memory chips (DRAMs), very fast static random access memory chips (SRAMs), Flash Memory, other semiconductor components, and memory modules.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Micron Technology (MU US)

Micron FYQ4: Bad, and About to Get Worse

Micron announced revenues down 23% Quarter on Quarter and guided down another 36% Q/Q for the current quarter. This shows what upcoming results...

Jim Handy

Nanya Tech: Valuation Backtest Implies Upside, Potential Catalyst Thursday

The median 6-month total shareholder return has been 40.5% for instances since 2012 when the company has traded below 1.0x PBV. Net cash to market...

Vincent Fernando, CFA

Taiwan Tech Weekly: More Nvidia Issues, Broadcom Surprises, Yulon Soars

Nvidia shares sink in reaction to US banning high-end chip sales to China, Taiwan's Nvida suppliers and the overall sector fall as well. Broadcom...

Vincent Fernando, CFA

Micron Technology: Increased Investments In Memory Manufacturing & Other Drivers

Micron Technology is in the process of transitioning to more sophisticated nodes and is also investing heavily in memory manufacturing. The...

Baptista Research

Open Edges Technology IPO Preview

Open Edges Technology is a system semiconductor IP specialist with one of the world's only integrated AI semiconductor design asset IP platform....

Douglas Kim

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)