In today’s briefing:
- Former CEO Claims Intel Is Back & Says Can We Please Stop Talking About Breaking It Up?
- TSMC To Invest A Further $100 Billion In Arizona
- TSMC (2330.TT; TSM.US): Invest Further in US up to 100bn; Intel Foundry Service Gets Direct Clients.
- Taiwan Tech Weekly: TSMC’s Expansion Visualized; Implications of New U.S. Investment; New HBM Memory
- Taiwan Dual-Listings Monitor: TSMC’s Range Declining; ASE Near Parity; ChipMOS Rare Discount
- Kospi Index Options Weekly (Feb 24 – 28): Decline Accelerates Through 350
- Tech Supply Chain Tracker (05-Mar-2025): Rakuten uses AI and O-RAN to save on telecom costs, targets global growth.
- What’s News in Amsterdam – 4 March 2025 (KPN | Shell | InPost | TKH Group | PostNL)
Former CEO Claims Intel Is Back & Says Can We Please Stop Talking About Breaking It Up?
- On March 1, ex Intel CEO Craig Barrett posted a rebuttal of his former board members opinion piece on the subject of the company’s future
- He claims that Intel is back, the company must not be broken up, the board should be fired and Mr. Gelsinger should be rehired to finish the job he started
- Meanwhile, Intel has put its Ohio fab on hold until the end of the decade, its German fab on hold for two years, both damning indictments of Mr Gelsinger’s strategy
TSMC To Invest A Further $100 Billion In Arizona
- TSMC plans to invest $100 billion in the US to build three new fabs, two new advanced packaging facilities and establish an R&D centre, all in Arizona
- During the press conference at the White House, Mr Wei received fulsome praise from President Trump and was careful to thank him for his vision and support on multiple occasions
- The announcement lacked key details such as construction timelines and which process technologies would be deployed but it would still appear to have done the trick, at least for now.
TSMC (2330.TT; TSM.US): Invest Further in US up to 100bn; Intel Foundry Service Gets Direct Clients.
- On March 4th, Taiwan Semiconductor (TSMC) – ADR (TSM US) announced that the company will further increase its investment up to $100 billion in the US.
- The restructured case of Intel Corp (INTC US) has elicited different opinions, but a few companies may consider trying out Intel Foundry Service.
- Currently, we find these developments acceptable, although we view them as the result of political interference, and time will tell.
Taiwan Tech Weekly: TSMC’s Expansion Visualized; Implications of New U.S. Investment; New HBM Memory
- TSMC’s Latest Global Expansion Plans, Visualized; Taiwan Manufacturing Will Continue to Remain One Generation Ahead of Overseas
- TSMC (2330.TT; TSM.US): Invest Further in US up to 100bn; Intel Foundry Service Gets Direct Clients.
- Memory Monitor: Nanya Tech Soared on DRAM Recovery and Custom HBM News
Taiwan Dual-Listings Monitor: TSMC’s Range Declining; ASE Near Parity; ChipMOS Rare Discount
- TSMC: +18.5% Premium; Wait for Lower Premium Before Going Long
- ASE: +0.2% Premium; Near-Parity Premium is Opportunity to Long the Spread
- ChipMOS: -3% Discount; Rare Discount is Opportunity to Long the Spread
Kospi Index Options Weekly (Feb 24 – 28): Decline Accelerates Through 350
- Kospi records one of its five largest declines of the past year on Friday.
- Volatility responded sharply to the accelerating selloff, closely tracking the market’s downward momentum.
- With the sharp decline and surge in implied volatility, hedging considerations are explored.
Tech Supply Chain Tracker (05-Mar-2025): Rakuten uses AI and O-RAN to save on telecom costs, targets global growth.
- Rakuten is utilizing AI and O-RAN to lower telecom costs and broaden its global footprint in the industry, focusing on efficiency and expansion.
- IBM has launched Granite 3.2, an advanced AI platform that incorporates on-demand reasoning and vision-language model to bolster its AI capabilities, fostering innovation in the field of artificial intelligence.
- The GSMA has revealed the four key pillars that will shape the future of 5G technology at MWC 2025, highlighting the importance of advancements in connectivity for the development of mobile networks.
What’s News in Amsterdam – 4 March 2025 (KPN | Shell | InPost | TKH Group | PostNL)
- In this edition: • KPN | plans to increase broadband line tariffs by 3.3% on 1 July 2025 • Shell | believed to be exploring sale of Chemical business in Europe and the USA • InPost | completes refinancing and increases financial flexibility • TKH Group | next phase of focus and optimization – focus on Automation and Electrification, implying divestment of Digitalization • PostNL | EUR 10m earmarked for deployment of APMs
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