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)

Recent announcements have indicated that the semiconductor market is migrating from a period of strength from an inventory build-up to softer demand stemming from digestion of that inventory.  This Insight examines that trend and its impact on stock prices.

Recent announcements have indicated that the semiconductor market is migrating from a period of strength from an inventory build-up to softer demand stemming from digestion of that inventory.  This Insight examines that trend and its impact on stock prices.

Semis Moving from Inventory Build to Inventory Digestion

IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/sg-micro-corp-5c356907-201f-4bd8-8190-24de284e1329" target="_blank" data-smartkarma-citation="entities:50247:1" rel="noopener">SG Micro (3661 HK)</a> priced its H Share at HK$85.20, raising HK$4,601 million (US$587 million) in gross proceeds. The H Share will be listed tomorrow.</li>
<li>I discussed the H Share listing in <a href="https://www.smartkarma.com/insights/sg-micro-h-share-listing-the-investment-case" target="_blank" data-smartkarma-citation="insights:242274" rel="noopener">SG Micro H Share Listing: The Investment Case</a> and <a href="https://www.smartkarma.com/insights/sg-micro-h-share-listing-3661-hk-valuation-insights" target="_blank" data-smartkarma-citation="insights:243268" rel="noopener">SG Micro H Share Listing (3661 HK): Valuation Insights</a>. </li>
<li>The grey market price is up 30%, partly due to A Shares rising 9% since the prospectus was released. The 46.5% AH discount is attractive. </li>
</ul>



SG Micro (3661 HK) priced its H Share at HK$85.20, raising HK$4,601 million (US$587 million) in gross proceeds. The H Share will be listed tomorrow.
I discussed the H Share listing in SG Micro H Share Listing: The Investment Case and SG Micro H Share Listing (3661 HK): Valuation Insights. 
The grey market price is up 30%, partly due to A Shares rising 9% since the prospectus was released. The 46.5% AH discount is attractive. 


SG Micro H Share Listing (3661 HK): Trading Debut

WSTS has released its June semiconductor revenue figures, revealing a month-month revenue decline of 0.3% from May.While this indicates that the industry's sensitivity to the COVID-19 pandemic is mild, close inspection reveals that May revenues have been re-stated, and this has muted the decline.  This Smartkarma Insight explores June revenues and these restatements.

WSTS has released its June semiconductor revenue figures, revealing a month-month revenue decline of 0.3% from May.While this indicates that the industry's sensitivity to the COVID-19 pandemic is mild, close inspection reveals that May revenues have been re-stated, and this has muted the decline.  This Smartkarma Insight explores June revenues and these restatements.

WSTS Reports June Semis: Lessens M/M Decline by Restating May

The SIA released the monthly WSTS semiconductor shipments statistics for May, and with it a statement that the chip market seemed resistant to COVID-19.  On the whole revenues have fallen back to trend thanks to the recent market collapse, but China's response to that country's outbreak shows what may be in store for other regions.

The SIA released the monthly WSTS semiconductor shipments statistics for May, and with it a statement that the chip market seemed resistant to COVID-19.  On the whole revenues have fallen back to trend thanks to the recent market collapse, but China's response to that country's outbreak shows what may be in store for other regions.

May Chip Shipments Up, but Outlook Is Confused

The Spring WSTS semiconductor forecast has been announced and it is very similar at the top-line level to the organization's Autumn forecast published six months ago.  At a more detailed level, though, there have been some significant changes that we explore here.

The Spring WSTS semiconductor forecast has been announced and it is very similar at the top-line level to the organization's Autumn forecast published six months ago.  At a more detailed level, though, there have been some significant changes that we explore here.

Spring WSTS Semiconductor Forecast Gives Mixed Outlook

United States

Texas Instruments Incorporated operates as a semiconductor design and manufacturing company. The Company develops analog ICs and embedded processors. Texas Instruments has manufacturing or sales operations worldwide.

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Texas Instruments (TXN US)

Semis Moving from Inventory Build to Inventory Digestion

Recent announcements have indicated that the semiconductor market is migrating from a period of strength from an inventory build-up to softer...

Jim Handy

WSTS Reports June Semis: Lessens M/M Decline by Restating May

WSTS has released its June semiconductor revenue figures, revealing a month-month revenue decline of 0.3% from May.While this indicates that the...

Jim Handy

May Chip Shipments Up, but Outlook Is Confused

The SIA released the monthly WSTS semiconductor shipments statistics for May, and with it a statement that the chip market seemed resistant to...

Jim Handy

Spring WSTS Semiconductor Forecast Gives Mixed Outlook

The Spring WSTS semiconductor forecast has been announced and it is very similar at the top-line level to the organization's Autumn forecast...

Jim Handy

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52-week Range

Market Cap (USDm)

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Semis Moving from Inventory Build to Inventory Digestion

Recent announcements have indicated that the semiconductor market is migrating from a period of strength from an inventory build-up to softer...

Jim Handy

SG Micro H Share Listing (3661 HK): Trading Debut

SG Micro priced its H Share at HK$85.20, raising HK$4,601 million (US$587 million) in gross proceeds. The current AH discount of 46.5% is attractive.

Arun George

WSTS Reports June Semis: Lessens M/M Decline by Restating May

WSTS has released its June semiconductor revenue figures, revealing a month-month revenue decline of 0.3% from May.While this indicates that the...

Jim Handy

May Chip Shipments Up, but Outlook Is Confused

The SIA released the monthly WSTS semiconductor shipments statistics for May, and with it a statement that the chip market seemed resistant to...

Jim Handy

Spring WSTS Semiconductor Forecast Gives Mixed Outlook

The Spring WSTS semiconductor forecast has been announced and it is very similar at the top-line level to the organization's Autumn forecast...

Jim Handy