Semiconductor Industry

[behappyalways]

Intel, AMD Slide After Beijing Tells Telecoms To Phase Out Foreign Chips
https://www.zerohedge.com/technology/in ... eign-chips

[behappyalways]

AI Bubble Stumbles: First ASML, Now TSMC Downgrades 2024 Global Chip Outlook
https://www.zerohedge.com/markets/ai-bu ... ip-outlook

[behappyalways]

All of the grants given by the US Chips and Science act
https://twitter.com/Mayhem4Markets/stat ... 2768053343

[behappyalways]

Global semiconductor subsidies have hit all-time highs as governments around the world aggressively invest in domestic chip production and innovation
https://x.com/Mayhem4Markets/status/1789743371428233442

[behappyalways]

ASML Chip Machines In Taiwan Have 'Kill Switch' In Event Of Chinese Invasion
https://www.zerohedge.com/geopolitical/ ... e-invasion

[winston]

Semiconductor 1Q24 Update - Memory in full recovery mode

1Q24 revenue growth accelerated significantly to 45% YoY (4Q23: 25% YoY).

NVDA’s >3.5x spike in revenue (accounting for 22% points of the sector’s YoY growth) helped to offset lingering weakness in Equipment.

AI demand remained very robust, with AI GPUs (NVDA) still the main beneficiaries.

Memory companies are seeing a huge return to growth after 4 quarters of decline.

Semiconductors still outperforming vs S&P 500 on 1M/3M/1Y.

Forward guidance is for 2Q24e revenue growth of ~32% YoY. We expect growth to be supported by increasing AI-related spending on GPUs and High Bandwidth Memory (HBM), a slight recovery in the PC market, and higher wafer fabrication of <7nm chips.

Source: Phillips

https://www.poems.com.sg/stock-research ... very-mode/

[winston]

Malaysia: TA Securities stays ‘overweight’ on semiconductor sector on projected improvement, keeps ‘buy’ on Inari

By Anis Hazim

TA has a “buy” call only on Inari Amertron Bhd (KL:INARI), with a target price (TP) of RM4.30.

TA Securities maintained “hold” on Unisem (M) Bhd (KL:UNISEM) with a TP of RM4.37, Malaysian Pacific Industries Bhd (KL:MPI) at a TP of RM41.10, and Elsoft Research Bhd (KL:ELSOFT) with a TP of 58 sen.

We expect the sentiment of the semiconductor sector in Malaysia [to] improve further, backed by an anticipated healthy recovery in global demand and increasing trade diversion opportunities as a result of the China Plus One (China+1) strategy.

Nonetheless, TA Securities flagged several downside risks to its rating, including heightened geopolitical tensions weighing on economic growth and disrupting supply chains, weaker-than-expected sales and the weakening of the US dollar against the ringgit.

Source: theedgemalaysia.com

https://theedgemalaysia.com/node/714761

[behappyalways]

Half of the subsidies for the chip law have been distributed.
How effective is the dream of American chips?

晶片法補助已發放一半 美製晶片夢成效幾何 TVBS文茜的世界財經周報 20240609

https://m.youtube.com/watch?v=laN9BuF-klg