In today’s briefing:
- Semiconductor 2023 Key Indicators In Review, 2024 Forecasts
- Ohayo Japan | Inflation Runs Hot…but Nvidia Is Hotter
- Increasing HK Duty Free Quota: The Beneficaries
- LG Electronics: Investment In Bear Robotics and Aggressive Plans to Expand in Global Robotics
Semiconductor 2023 Key Indicators In Review, 2024 Forecasts
- Forecasting PC & Smartphone unit shipments to increase 5% YoY on the back on “AI Enablement”
- Server unit shipments declined ~20% in 2023 but overall revenues remained flat, a consequence of higher ASPs associated with AI-accelerated servers
- Server shipments will return to growth in 2024, likely +10% YoY. Server ASPs will increase yet again YoY as AI-server mix grows.
Ohayo Japan | Inflation Runs Hot…but Nvidia Is Hotter
- US stocks rallied on Tuesday despite hotter-than-expected inflation data with core CPI +3.1% YoY
- Bitcoin continued its record rally, surpassing $72,000. Oracle shares surged 12% on cloud computing progress. Nvidia climbed 7%.
- BoJ Governor Ueda remarked that while the economy was on a path of recovery, there were signs of weakness, especially highlighted by recent soft data on consumption.
Increasing HK Duty Free Quota: The Beneficaries
- There is an increasing likelihood that the duty-free quota of mainland tourists visiting Hong Kong will rise to Rmb30,000 from Rmb5,000. This will benefit many retail-related sectors.
- Luk Fook Holdings (590 HK) is the best play among jewellery retailers given it has 65% of revenue from Hong Kong. Sa Sa International (178 HK) is the cosmetics play.
- Property investors including Wharf Holdings (4 HK) and Hysan Development Co (14 HK) will gain from the shopping malls in major tourist areas in Hong Kong.
LG Electronics: Investment In Bear Robotics and Aggressive Plans to Expand in Global Robotics
- In this insight, we discuss LG Electronics (066570 KS) ‘s investment in Bear Robotics (US) and LG Electronics’ aggressive ambitions to become a major player in the global robotics industry.
- LG Electronics announced that it invested a $60 million Series C funding round in Bear Robotics, a Silicon Valley based company that provides service robotics and artificial intelligence solutions.
- One of the key goals of LG Electronics is to expand into the global robotics software market, which is expected to grow to about 100 trillion won in eight years.
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