In today’s briefing:
- Tech Supply Chain Tracker (01-Jan-2025): Trump could bring back Huawei sanctions 2.0
- KPay nets US$55M for expansion amid Asia’s fintech slowdown | e27
- Silicon Motion: NAND Controller Leader; Positioned for a Transformative 2025E; Structural Long
- Taiwan’s TMYTEK secures US$40M Series B to boost 5G, satellite tech | e27
Tech Supply Chain Tracker (01-Jan-2025): Trump could bring back Huawei sanctions 2.0
- Potential Huawei sanctions under a reelected Trump administration could spell trouble for Chinese tech companies.
- Luxshare’s acquisition of nine Wingtech ODM subsidiaries indicates a consolidation trend in the tech manufacturing industry.
- The 2025 semiconductor boom is expected to be fueled by AI technology, but could face volatility due to Trump-era policies.
KPay nets US$55M for expansion amid Asia’s fintech slowdown | e27
- KPay Group, a Hong Kong- and Singapore-based financial management and business operations platform, has secured US$55 million in its Series A funding round.
- This round was led by Apis Growth Markets Fund III and Apis Global Growth Fund III, managed by Apis Partners, a UK-based ESG and impact-native global private equity asset manager.
- The investment will fuel KPay’s expansion plans across key Asian economies, including Indonesia, the Philippines, Malaysia, and Thailand.
Silicon Motion: NAND Controller Leader; Positioned for a Transformative 2025E; Structural Long
- We engaged with the company recently — SIMO remains in a strong position to capitalize on global increased need for high-end NAND memory controllers across mobiles, PCs, and enterprise AI.
- SIMO’s strong positioning in the Client SSD market and its technology leadership in PCIe 5 SSD and MonTitan solutions provide significant growth opportunities into 2025E and beyond.
- Reiterate Structural Long. Given the company’s net cash balance sheet, depressed market price, and multi-year growth outlook, in our view a share buyback program would be accretive to shareholder value.
Taiwan’s TMYTEK secures US$40M Series B to boost 5G, satellite tech | e27
- TMY Technology (TMYTEK), a Taiwanese provider of millimetre-wave (mmWave) solutions, has raised US$40 million in its Series B funding round. Amazing Microelectronic Corp. and EZconn Corporation led the round, which was participated in by CDIB Capital Group.
- The funding will accelerate the company’s global expansion plans and bolster its research and development capabilities. It will focus on optimising mmWave phased array antenna modules.
- TMYTEK, one of SparkLabs Taiwan’s portfolio companies, also aims to debut on the Taipei Exchange (TPEX) in 2025.
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