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

For the past 17 years the HDD market has suffered erosion from SSDs.  Through consolidation only two important HDD makers survive: Seagate and WDC.  WDC embraced SSDs, while Seagate has ignored them.  The results of these two strategies, and the ultimate end game, is quite clear.

For the past 17 years the HDD market has suffered erosion from SSDs.  Through consolidation only two important HDD makers survive: Seagate and WDC.  WDC embraced SSDs, while Seagate has ignored them.  The results of these two strategies, and the ultimate end game, is quite clear.

Korea / Special Situations, Clepsydra Capital

Sanghyun Park

Korea / Special Situations

Korea / Special Sits, Pairs, Index Rebalancing

Clepsydra Capital

Investigate special situations, pairs, and index rebalancing trades in Korea.

Equity Capital Markets

Kioxia Holdings  / Equity Capital Markets

In today's conference call, SK Hynix said an interesting thing about Kioxia.<ul>
<li>Hynix confirmed that Kioxia would give another shot to an IPO in the second half of this year instead of taking the Micron/WD offer.</li>
<li>Hynix said that was what it was told by the Bain Capital Consortium and the Kioxia management lately.</li>
</ul>

In today's conference call, SK Hynix said an interesting thing about Kioxia.
Hynix confirmed that Kioxia would give another shot to an IPO in the second half of this year instead of taking the Micron/WD offer.
Hynix said that was what it was told by the Bain Capital Consortium and the Kioxia management lately.


SK Hynix Conference Call Today: Kioxia IPO in 2H & Plan to Sell 31% After IPO

Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Index Rebalance

On Friday post market close, S&amp;P Dow Jones announced the results of the March review for the <a href="https://www.smartkarma.com/entities/s-p-500" target="_blank" data-smartkarma-citation="entities:22886:1" rel="noopener">S&amp;P 500 (SPX INDEX)</a> that will be effective after the close of trading on 19 March.There are 4 additions - <a href="https://www.smartkarma.com/entities/nxp-semiconductors-nv" target="_blank" data-smartkarma-citation="entities:9801:1" rel="noopener">Nxp Semiconductors Nv (NXPI US)</a>, <a href="https://www.smartkarma.com/entities/penn-national-gaming-inc" target="_blank" data-smartkarma-citation="entities:5588:1" rel="noopener">Penn National Gaming (PENN US)</a>, <a href="https://www.smartkarma.com/entities/generac-holdings-inc" target="_blank" data-smartkarma-citation="entities:16223:1" rel="noopener">Generac Holdings (GNRC US)</a> and <a href="https://www.smartkarma.com/entities/caesars-entertainment-corp" target="_blank" data-smartkarma-citation="entities:15532:1" rel="noopener">Caesars Entertainment (CZR US)</a>. To balance that out, there are 4 deletions - <a href="https://www.smartkarma.com/entities/flowserve-corp" target="_blank" data-smartkarma-citation="entities:20555:1" rel="noopener">Flowserve Corp (FLS US)</a>, <a href="https://www.smartkarma.com/entities/sl-green-realty-corp" target="_blank" data-smartkarma-citation="entities:1548:1" rel="noopener">Sl Green Realty (SLG US)</a>, <a href="https://www.smartkarma.com/entities/xerox-holdings-corp" target="_blank" data-smartkarma-citation="entities:17585:1" rel="noopener">Xerox Corp (XRX US)</a> and <a href="https://www.smartkarma.com/entities/vontier-corp" target="_blank" data-smartkarma-citation="entities:28857:1" rel="noopener">Vontier Corp (VNT US)</a>.We estimate one-way turnover will be around US$22.4bn and the funding trade will see selling on a lot of the current index constituents.The biggest impact of the changes will be on <a href="https://www.smartkarma.com/entities/nxp-semiconductors-nv" target="_blank" data-smartkarma-citation="entities:9801:1" rel="noopener">Nxp Semiconductors Nv (NXPI US)</a> where we estimate passive funds will need to buy around 11 days of ADV on the stock. The impact on the other stocks is much lower due to the move between the <a href="https://www.smartkarma.com/entities/s-p-500" target="_blank" data-smartkarma-citation="entities:22886:1" rel="noopener">S&amp;P 500 (SPX INDEX)</a> and the S&amp;P Mid Cap 400 indices.

On Friday post market close, S&amp;P Dow Jones announced the results of the March review for the S&amp;P 500 (SPX INDEX) that will be effective after the close of trading on 19 March.There are 4 additions - Nxp Semiconductors Nv (NXPI US), Penn National Gaming (PENN US), Generac Holdings (GNRC US) and Caesars Entertainment (CZR US). To balance that out, there are 4 deletions - Flowserve Corp (FLS US), Sl Green Realty (SLG US), Xerox Corp (XRX US) and Vontier Corp (VNT US).We estimate one-way turnover will be around US$22.4bn and the funding trade will see selling on a lot of the current index constituents.The biggest impact of the changes will be on Nxp Semiconductors Nv (NXPI US) where we estimate passive funds will need to buy around 11 days of ADV on the stock. The impact on the other stocks is much lower due to the move between the S&amp;P 500 (SPX INDEX) and the S&amp;P Mid Cap 400 indices.

S&P500 Index Rebalance: NXPI Is the One to Watch

President

Thomas Coughlin

Coughlin Associates

Seagate showed how their HAMR-enabled HDDs will enable 22% annual growth rates in HDD capacity, leading to 50TB HDDs by 2026.  This growth in HDD capacity will enable high capacity HDDs for enterprise and data center applications to maintain a lower total cost of ownership than SSDs for some time to come.

Seagate showed how their HAMR-enabled HDDs will enable 22% annual growth rates in HDD capacity, leading to 50TB HDDs by 2026.  This growth in HDD capacity will enable high capacity HDDs for enterprise and data center applications to maintain a lower total cost of ownership than SSDs for some time to come.

Marvell’s Analyst Day presentations showed the company’s commitment to storage management and networking.  Their semiconductor products enable customized SSDs, universal NVMe over Fabric connectivity, including with HDDs, and enable DPU accelerator-based solutions for storage management from autonomous automobiles and IOT applications to data centers.

Marvell’s Analyst Day presentations showed the company’s commitment to storage management and networking.  Their semiconductor products enable customized SSDs, universal NVMe over Fabric connectivity, including with HDDs, and enable DPU accelerator-based solutions for storage management from autonomous automobiles and IOT applications to data centers.

Marvell Technologies Advances: Positive for Company’s Future

United States

Seagate Technology Holdings Public Limited Company offers computer hardware products. The Company designs, manufactures, and markets hard disk drives for enterprise applications, client compute applications, client non-compute applications, personal data backup systems, portable external storage systems and digital media systems.

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Seagate (STX US)

Does Seagate Even HAVE a Direction?

Is Seagate a good investment? Given the decline of the HDD market, and the rise of SSDs, the company's position is far weaker than that of its...

Jim Handy

SK Hynix Conference Call Today: Kioxia IPO in 2H & Plan to Sell 31% After IPO

This post briefly summarizes the Hynix conference call today about Kioxia IPO and its plan to sell the Kioxia stake after IPO.

Sanghyun Park

S&P500 Index Rebalance: NXPI Is the One to Watch

There are 4 changes to the S&P500 with NXP Semiconductors the largest beneficiary of the changes. Estimated one-way turnover is US$22.4bn and there...

Brian Freitas

Seagate's HAMR Enables 50TB HDDs by 2026

Seagate shows how they will enable 50TB HDDs using HAMR by 2026 and why HDDs for secondary mass storage applications have a lower TCO than...

Thomas Coughlin

Marvell Technologies Advances: Positive for Company’s Future

Marvell’s semiconductor products enable enable the next generation of accelerator-based solutions for network and storage management from...

Thomas Coughlin

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