This weekly newsletter pulls together summaries of the top ten most-read Insights across Tech Hardware and Semiconductor on Smartkarma.
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1. Taiwan Dual-Listings Monitor: TSMC & UMC Spreads at Historically Rare Levels
- TSMC: +26.1% Premium; Remains at Level Rarely Maintained for More Than a Week; Good Level to Short the Spread
- UMC: +2.5% Premium; Historically Rare Level is a Short Opportunity
- ASE: +2.9% Premium; Wait Better Short Opportunity at Higher Levels
2. Alphabet. More Of The AI, Less Of The Drama
- Marc Benioff on Gemini 3: I’ve used ChatGPT every day for 3 years. Just spent 2 hours on Gemini 3. I’m not going back. The leap is insane
- Anthropic on expansion of Google Cloud TPU: The expansion is worth tens of billions of dollars and is expected to bring well over a gigawatt of capacity online in 2026.
- DeepMind is Alphabet’s dark horse. AlphaFold is one of the most significant AI-related accomplishments ever. What will they turn their attention to next? Let’s see…
3. Taiwan Tech Weekly: Industry Moves Show Silicon Photonics Becoming Must-Have for Next Gen Compute
- Himax (HIMX US): Silicon Photonics Becomes Strategic Imperative for Foundries, Reinforcing Long View
- Silicon Motion (SIMO US): Multiple Growth Drivers Converging Into 2026E
- Taiwan Dual-Listings Monitor: TSMC & UMC Spreads at Historically Rare Levels
4. Taiwan Dual-Listings Monitor: TSMC Historically High Premium Cracks; ChipMOS & CHT Opportunities
- TSMC: +23% Premium; Has Broken Down from Historically High Level
- ChipMOS: -3.0% Discount; Good Level to Go Long the ADR Spread
- CHT: -1.1% Discount; Good Level to Go Long the ADR Spread
5. Himax (HIMX US): Silicon Photonics Becomes Strategic Imperative for Foundries, Reinforcing Long View
- Latest industry developments show silicon photonics becoming a must-have capability for leading foundries as AI bandwidth needs push the limits of traditional chip interconnect technology.
- Himax is well positioned as a key upstream supplier of CPO optical engines and nano-optics used in TSMC’s silicon-photonics packaging for next-generation NVIDIA platforms.
- Himax’s validated CPO roadmap, proprietary WLO nano-optics platform, and a 2026E-2028E commercialization timeline position the company well. We reiterate our Structural Long rating for Himax into 2026E.
6. Rohm (6963 JP): Renewed Growth, Conservative Guidance & Reasonable Valuation
- Sales are growing again and the company has turned profitable with capacity utilization up and costs down. Guidance for 2H of FY Mar-26 looks conservative.
- Sales of power devices is rising after a long period of weakness, supported by auto, industrial and data center related demand.
- Projected valuations are once again reasonable. The share price should continue to trend upwards.
