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 Higher After Taiwan Market Holiday
- TSMC: +28.3 Premium; Historically Extreme Level, Can Short the ADR Premium
- UMC: +3.3% Premium; Historically Extreme Level, Short the ADR Premium
- CHT: -0.7% Discount; Near Lower Bound, Consider Going Long the Spread
2. TSMC: New Signals Underscore N2’s Rise as a Blockbuster Node
- Latest Signals Continue to Indicate N2 Is Emerging as TSMC’s Blockbuster Node
- N2 Commercialization Timing Aligns With Major AI HPC Platform Roadmaps
- TSMC Market Share Over 70%… Could N2 Drive This Number Even Higher? Maintain Our Structural Long Rating for TSMC
3. PC Monitor: Nvidia GB10 PCs Poised to Redefine the AI PC Category
- GB10 Brings Nvidia AI Performance From Data Center to the Desktop
- GB10 PCs Will Be “True” AI PCs, Their Capabilities Will Be More Evident
- From Niche to Market Driver; Maintain Structural Long for Mediatek, Asustek, Acer
4. TSMC (2330.TT; TSM.US): Is It Possible TSMC’ Output Reach a 50:50 Ratio Between the U.S. And Taiwan?
- The U.S. Secretary of Commerce, Howard Lutnick, has requested that Taiwan Semiconductor (TSMC) – ADR (TSM US)’s production output reach a 50:50 ratio between the U.S. and Taiwan.
- By contrast, TSMC’s fab construction also requires strong supplier coordination, and in the case of its U.S. fabs, there are numerous regulatory hurdles to overcome.
- Meanwhile, Semiconductor Manufacturing International Corp (SMIC) (981 HK)’s share price in Hong Kong has surged this year (+209.14%), significantly outperforming TSMC’s share price increase (+28.15%).
5. It’s Official, OpenAI Is Becoming A Multi-Trillion Dollar Hyperscaler
- Inference compute is going increase by a factor of one billion. It’s already gone up at least 2x in the past twelve months
- OpenAI will become the next multi-trillion dollar hyperscaler. NVIDIA is going to make sure this happens
- AI-Related revenues have already reached $1 trillion since all hypercaler revenues are now AI related according to Jensen. Problem solved!
6. Taiwan Tech Weekly: OpenAI to Consume Nearly Half of Global DRAM; Why TSMC 2nm Will Be A Blockbuster
- OpenAI, Samsung & SK Hynix Lock In Memory Pact — Taiwan Next Stop
- MediaTek’s Major ASIC Ambitions Face Delays from Some Key Clients
- TSMC: New Signals Underscore N2’s Rise as a Blockbuster Node
7. Intel (INTC.US): Seeking Investment from TSMC?
- NVIDIA Corp (NVDA US)’s investment is focused on joint AI development.
- Intel Corp (INTC US) may seek to invite Taiwan Semiconductor (TSMC) – ADR (TSM US) to join its investment initiative.
- Meanwhile, Intel Corp (INTC US)’s stock price has risen about 50.2% from its recent low.
8. Taiwan Dual-Listings Monitor: TSMC Premium Remains High Ahead of 3Q Results; CHT Rare ADR Discount
- TSMC: +26.8% Premium; Remains at Historical Extreme; Earnings Release Ahead
- ChipMOS: +1.3% Premium; Wait for Higher Level Before Shorting the Spread
- CHT: -1.0% Discount; Good Level to Go Long the ADR Spread
