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

Huawei Is Going to Make 1.4nm Chips! Huawei Didn’t Say That

Semi Monthly Revenue, Korea (Memory), TSMC and Mediatek

TSMC Keeps Beating. Consensus Expects 38% EPS Growth in 2026. 1H26 EPS Growth Is Above 50% YoY.

TSMC (2330 TT) 1Q26 Results: AI Drives Record Margins, Management Raises Guidance

Where the AI & Semi Supply Chain Is Actually Flowing: Bottom-Up Read From Taiwan's March Sales Data

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

TSMC (Taiwan Semiconductor Manufacturing) / Equity Bottom-Up

TSMC (Taiwan Semiconductor Manufacturing) (2330 TT)

TSMC (Taiwan Semiconductor Manufacturing)

<ul>
<li>TSMC reported Q1 2026 revenues of NT$1,134.10 billion (~$35.90B), at the high end of management’s guided range of $34.6–$35.8B and essentially in line with the NT$1,137B consensus.</li>
<li>Gross margin came in at 66.2%, up 390 basis points from Q4 2025’s 62.3%. That’s a record Q1 print, and it confirms that Q4’s margin expansion was no one-off</li>
<li>When asked if he was concerned about competition from Elon Musk's TeraFab, he response was basically to stay that there are <strong>no shortcuts</strong>. I guess that's a no, then. </li>
</ul>


TSMC reported Q1 2026 revenues of NT$1,134.10 billion (~$35.90B), at the high end of management’s guided range of $34.6–$35.8B and essentially in line with the NT$1,137B consensus.
Gross margin came in at 66.2%, up 390 basis points from Q4 2025’s 62.3%. That’s a record Q1 print, and it confirms that Q4’s margin expansion was no one-off
When asked if he was concerned about competition from Elon Musk's TeraFab, he response was basically to stay that there are no shortcuts. I guess that's a no, then. 


TSMC Q1 2026. TeraFab? There Are No Shortcuts!