Semiconductor & Technology Specialist, Ingenuity

William Keating

Dr. William Keating is a highly experienced senior executive with over 25 years experience in the IT/Semiconductor Industry. The majority of Dr. Keating's career was spent at Intel Corporation where he held senior leadership positions in Europe, the US and Asia from 1992 through 2014. He served as Intel's IT Director for APAC, China & Japan from 2005 through 2014 when he was based in Hong Kong and was responsible for the IT systems (Infrastructure, Networks, Data Centres, ERP, Sales & Marketing systems, Business Intelligence etc. ) for all of Intel's offices & factories through the region. From 1998 through 2005, he was the founder & director of an internal IT Consulting Organisation (IT Flex Services), a 500-person team which remains a core part of the Intel IT Organisation to this day. Dr. Keating's first 6 years at Intel were spent in charge of the Factory Automation Systems (Robotics, Databases, Networks, Servers, Clients etc.) supporting Intel's then state-of-the-art 200mm factory network. Since leaving Intel in 2014, Dr Keating established his own Technology Research & Consulting Company (www.ingenuity.hk) where he focuses on the products, roadmaps & technologies of companies such as Intel, AMD, Samsung, Apple, Micron- as well as the key equipment suppliers to those companies e.g. ASML, AMAT, Canon, Nikon etc. Dr. Keating specializes in niche topics of high significance within the semiconductor industry. These include the future of Moore's Law and in particular the significance of Lithography in maintaining Moore's Law (EUV, SDA, NanoImprint), the role & growth of the GPU in specialised applications such as Deep Learning (Neural Networks) for Voice, Image & Pattern recognition at companies such as Facebook, Google & Baidu. He also holds regular discussions on the future of memory, in particular the rise of 3D NAND and the emergence of new memory technologies such as 3D Xpoint.

Semiconductor & Technology Specialist

Intel. Winning Streak Will Grind To A Halt In H2 2020

How Far Behind Is Intel's Process Migration?

Intel. Record Q319 But Read Between The Lines For 2020 & Beyond.

Intel. Significant Price Cuts On High End Desktop Processors As AMD Ramps Up Competitive Pressure

Intel's 10nm Launch Raises More Questions Than It Answers.

Ingenuity

Our focus is exclusively on in-depth research & consulting in the broader semiconductor industry. We focus on the key players, namely Intel, Micron, Qualcomm, Apple, Samsung, NVIDIA, AMD, TSMC & Global Foundries - as well as some of the lesser known, but nonetheless critical, companies such as ASML (for EUV), Mellanox, Cavium, Xilinx etc. We specialise in their products, roadmaps, process technologies, competitive advantages & threats etc. We also help our clients understand the implications of new and emerging technologies, e.g. 3D X-Point, 3D NAND, Carbon Nanotubes, Autonomous Driving, Graphene, Silicon Photonics, Wafer-Level Optics, Artificial Intelligence, FPGA, GPU, ASIC etc. 

Semiconductor Analysis & Research

Equity Bottom-Up

<p>On November 20'th last, <a href="https://www.smartkarma.com/entities/intel-corp" target="_blank" data-smartkarma-citation="entities:16764:1" rel="noopener">Intel</a> issued an <a href="https://newsroom.intel.com/wp-content/uploads/sites/11/2019/11/intel-supply-letter-customers.pdf" target="_blank" rel="noopener">open letter</a> to customers to address widely reported concerns about CPU supply shortages. The company previously issued a similar <a href="https://newsroom.intel.com/news-releases/supply-update/" target="_blank" rel="noopener">open letter</a> to customers on September 28'th 2018. In the intervening period, Intel tells us that they increased 14nm wafer capacity by 25% YoY in 2019. On their latest earnings call, and reaffirmed last week, Intel forecasted 2019 revenues of $71 billion, essentially flat YoY.</p><p>How is it possible for Intel to remain supply constrained as 2019 draws to a close when revenues are flat YoY and 14nm wafer capacity is up 25%? After all, 14nm is undoubtedly Intel's highest volume manufacturing node. Here's what we believe is really going on. </p>

On November 20'th last, Intel issued an open letter to customers to address widely reported concerns about CPU supply shortages. The company previously issued a similar open letter to customers on September 28'th 2018. In the intervening period, Intel tells us that they increased 14nm wafer capacity by 25% YoY in 2019. On their latest earnings call, and reaffirmed last week, Intel forecasted 2019 revenues of $71 billion, essentially flat YoY.How is it possible for Intel to remain supply constrained as 2019 draws to a close when revenues are flat YoY and 14nm wafer capacity is up 25%? After all, 14nm is undoubtedly Intel's highest volume manufacturing node. Here's what we believe is really going on. 

Intel. What Really Lies Beneath The Year-Long Supply Constraint Fiasco?