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

Thematic (Sector/Industry)

<ul>
<li>October semiconductor revenues have been released setting a new record</li>
<li>The semiconductor market, whose revenues have been following a trend since 1996, are currently well above that trend</li>
<li>The ingredients for a collapse are not developing.  The current trend seems destined to continue for at least another couple of quarters, but probably longer.</li>
</ul>


October semiconductor revenues have been released setting a new record
The semiconductor market, whose revenues have been following a trend since 1996, are currently well above that trend
The ingredients for a collapse are not developing.  The current trend seems destined to continue for at least another couple of quarters, but probably longer.


October Semi Revenues Released: Even Farther Above Trend

TMT & Consumer Independent Equity Research Analyst, Obex Capital Research

Aaron Gabin

TMT & Consumer Independent Equity Research Analyst

TMT & Consumer Independent Equity Research

Obex Capital Research

“Obex” is Latin for Barriers to Entry. Obex Capital Management’s investment philosophy is driven by an intense focus on which business model’s Barriers to Entry are able to withstand the ever increasing competitive disruption in the TMT and Consumer Sectors.

Equity Bottom-Up

<ul>
<li>Intel announced it will spin its Mobileye division in 2022, reportedly at a $50 B valuation.</li>
<li>This should allow Intel to raise $10B, which helps out on the accelerated capex plans to transition to a foundry strategy without further cutting into buybacks or the dividend.</li>
<li>Non-Needle mover on the rest of the business, where Intel will continue to see margin pressures due to share losses and lack of pricing power on its PC/Server chips.</li>
</ul>


Intel announced it will spin its Mobileye division in 2022, reportedly at a $50 B valuation.
This should allow Intel to raise $10B, which helps out on the accelerated capex plans to transition to a foundry strategy without further cutting into buybacks or the dividend.
Non-Needle mover on the rest of the business, where Intel will continue to see margin pressures due to share losses and lack of pricing power on its PC/Server chips.


<ul>
<li>WSTS released a forecast for 26% growth in 2021 and 9% in 2022 </li>
<li>Prior WSTS forecasts have been overheated in up years and too modest in down years</li>
<li>If today's demand bubble continues, sub-10% 2022 growth is likely.  Otherwise, there could be a collapse.</li>
</ul>


WSTS released a forecast for 26% growth in 2021 and 9% in 2022 
Prior WSTS forecasts have been overheated in up years and too modest in down years
If today's demand bubble continues, sub-10% 2022 growth is likely.  Otherwise, there could be a collapse.


WSTS Semi Forecast Very Bullish for 2021-22, but Is It Realistic?

Japan/Asia Long-Short, LightStream Research

Mio Kato

Japan/Asia Long-Short

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Event-Driven

<ul>
<li>The US FTC has sued Nvidia to block its attempted acquisition of Arm in yet another negative for beleaguered Softbank. </li>
<li>We have said from the start that we did not expect the deal to go through and that we didn’t even think Nvidia expected it to. </li>
<li>With Nvidia stock at heady levels scrapping the deal would mean material downside for Arm’s valuation.</li>
</ul>


The US FTC has sued Nvidia to block its attempted acquisition of Arm in yet another negative for beleaguered Softbank. 
We have said from the start that we did not expect the deal to go through and that we didn’t even think Nvidia expected it to. 
With Nvidia stock at heady levels scrapping the deal would mean material downside for Arm’s valuation.


Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

<ul>
<li>In this insight, we provide details of Roundhill Ball Metaverse ETF, which is the largest metaverse ETF in the world. </li>
<li>Roundhill Ball Metaverse ETF includes 8 Asian companies including Nintendo, Sony, and Samsung Electronics which could be beneficiaries of the metaverse growth world-wide. </li>
<li>The US and Korea have the biggest metaverse ETFs globally. Although the size of the metaverse ETFs is small right now, there is an enormous demand for metaverse ETFs globally. </li>
</ul>


In this insight, we provide details of Roundhill Ball Metaverse ETF, which is the largest metaverse ETF in the world. 
Roundhill Ball Metaverse ETF includes 8 Asian companies including Nintendo, Sony, and Samsung Electronics which could be beneficiaries of the metaverse growth world-wide. 
The US and Korea have the biggest metaverse ETFs globally. Although the size of the metaverse ETFs is small right now, there is an enormous demand for metaverse ETFs globally. 


Roundhill Ball Metaverse ETF: Largest Metaverse ETF Worldwide & Its Impact on Asian Metaverse Stocks

United States

NVIDIA Corporation designs, develops, and markets three dimensional (3D) graphics processors and related software.  The Company's products provide interactive 3D graphics to the mainstream personal computer market.

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NVIDIA Corp (NVDA US)

October Semi Revenues Released: Even Farther Above Trend

October semiconductor revenues set a record once again, making the 2021 semiconductor market one to remember. A collapse appears unlikely in the...

Jim Handy

Intel's Mobileye Spin

The capital raise doesn’t matter in the context of the 90% of Intel’s business which is losing share in PCs and Servers to AMD/Nvidia. FCF will...

Aaron Gabin

WSTS Semi Forecast Very Bullish for 2021-22, but Is It Realistic?

The semiconductor market is on a tear, and WSTS forecasts that next year will see solid growth. This Insight examines the likelihood that 2022...

Jim Handy

Softbank – FTC Dis-Arms Nvidia

The US FTC has sued Nvidia to block its attempted acquisition of Arm in yet another negative for beleaguered Softbank opening up material downside...

Mio Kato

Roundhill Ball Metaverse ETF: Largest Metaverse ETF Worldwide & Its Impact on Asian Metaverse Stocks

In this insight, we provide details of Roundhill Ball Metaverse ETF, which is the largest metaverse ETF in the world. The US and Korea have the...

Douglas Kim

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