Taiwan Tech Focused Senior Analyst

Patrick Liao

Equity Bottom-Up

<ul>
<li>Silergy foresees the demand will be larger than capacity in 2022. Silergy expects Auto, Sever Mother-board, SSD and others should be showing a strong demand in 2022.</li>
<li>The shipment lead-time is controlled around 5~6 months, which indicated that the demand is strong for 2022~23.</li>
<li>The generation 3rd will be optimized until 2026. Silergy will need some new suppliers for generation 4th in 2023. In 2026, generation 3rd &amp; 4th will dominate Silergy’s revenue. </li>
</ul>


Silergy foresees the demand will be larger than capacity in 2022. Silergy expects Auto, Sever Mother-board, SSD and others should be showing a strong demand in 2022.
The shipment lead-time is controlled around 5~6 months, which indicated that the demand is strong for 2022~23.
The generation 3rd will be optimized until 2026. Silergy will need some new suppliers for generation 4th in 2023. In 2026, generation 3rd &amp; 4th will dominate Silergy’s revenue. 


Silergy (6415.TT): Earnings Conference for 4Q21- The Demand Is Strong for 2022~23.

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.

Equity Capital Markets

Texas Instruments / Equity Capital Markets

<ul><li>Texas Instruments had a strong fourth quarter, with revenue up 19% year on year, due to strong demand in the industrial and automotive markets.</li><li>Analog revenue increased by 20% year over year, embedded processing by 6%, and the company's other segment increased by 35% from the previous quarter.</li><li>They also paid $1.1 billion in dividends and raised its dividend per share by 13%, marking the eighteenth consecutive year of dividend increases.</li></ul>

Texas Instruments had a strong fourth quarter, with revenue up 19% year on year, due to strong demand in the industrial and automotive markets.Analog revenue increased by 20% year over year, embedded processing by 6%, and the company's other segment increased by 35% from the previous quarter.They also paid $1.1 billion in dividends and raised its dividend per share by 13%, marking the eighteenth consecutive year of dividend increases.

Texas Instruments Incorporated - A True Analog Market Leader (02/22)

Value Investing

Vladimir Dimitrov, CFA

<ul>
<li>Texas Instruments is among the semiconductor companies where valuation is still linked to profitability.</li>
<li>The company's unique positioning results in sustainable competitive advantages and steady value creation.</li>
<li>Within the light of the recent market melt-up, Texas Instruments still trades at reasonable levels that allow for attractive returns.</li>
</ul>


Texas Instruments is among the semiconductor companies where valuation is still linked to profitability.
The company's unique positioning results in sustainable competitive advantages and steady value creation.
Within the light of the recent market melt-up, Texas Instruments still trades at reasonable levels that allow for attractive returns.


Texas Instruments: Long-Term Strategy As A Competitive Advantage

<ul><li>Texas Instruments delivered a decent quarter with the top-line growth driven by a robust performance across the the Analog and Embedded Processing segments.</li><li>The company witnessed a staggering 40% growth in industrial market revenues and the automotive recovery continues to be a strong tailwind, showing a 20% growth.</li><li>On the consumer front, there has been an uptick in purchases of personal electronics and various gadgets due to the continued remote working trends which has benefitted Texas Instruments.</li></ul>

Texas Instruments delivered a decent quarter with the top-line growth driven by a robust performance across the the Analog and Embedded Processing segments.The company witnessed a staggering 40% growth in industrial market revenues and the automotive recovery continues to be a strong tailwind, showing a 20% growth.On the consumer front, there has been an uptick in purchases of personal electronics and various gadgets due to the continued remote working trends which has benefitted Texas Instruments.

Texas Instruments Incorporated - Investment Thesis

<ul><li>Texas Instruments delivered yet another all-around beat as it continued to benefit from the global semiconductor shortage.</li><li>Texas Instruments did witness some softness in the communication equipment market but the growth in the other markets more than made up for this industry.</li><li>In this report, we have carried out a fundamental analysis of the historical financial statements of the company.</li></ul>

Texas Instruments delivered yet another all-around beat as it continued to benefit from the global semiconductor shortage.Texas Instruments did witness some softness in the communication equipment market but the growth in the other markets more than made up for this industry.In this report, we have carried out a fundamental analysis of the historical financial statements of the company.

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.

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

Texas Instruments (TXN US)

Silergy (6415.TT): Earnings Conference for 4Q21- The Demand Is Strong for 2022~23.

Silergy expects Auto, Sever Mother-board, SSD should be showing a strong demand in 2022. The shipment lead-time is controlled at around 5~6 months,...

Patrick Liao

Texas Instruments Incorporated - A True Analog Market Leader (02/22)

Texas Instruments had a strong fourth quarter, with revenue up 19% year on year, due to strong demand in the industrial and automotive...

Baptista Research

Texas Instruments: Long-Term Strategy As A Competitive Advantage

Texas Instruments is among the semiconductor companies where valuation is still linked to profitability. The company's unique positioning results...

Vladimir Dimitrov, CFA

Texas Instruments Incorporated - Investment Thesis

Texas Instruments delivered a decent quarter with the top-line growth driven by a robust performance across the the Analog and Embedded Processing...

Baptista Research

Texas Instruments - Investment Thesis

Texas Instruments delivered yet another all-around beat as it continued to benefit from the global semiconductor shortage. Texas Instruments did...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)