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

[behappyalways]

Huida sales tripled!
Huawei's chip yield rate is only 20%, and it is difficult to mass produce it.
It is not subject to the ban!
Huida sells China's H20, revenue estimated at nearly 400 billion

輝達銷量多二倍！華為晶片良率僅20%量產困難 不受禁令管制！輝達賣中國H20 營收估近4千億｜非凡財經新聞｜20240705

https://m.youtube.com/watch?v=6R4lGGyFH80

[winston]

“China’s import of chips—$260 billion in 2017, the year of Xi’s Davos debut — was far larger than Saudi Arabia’s export of oil or Germany’s export of cars.

China spends more money buying chips each year than the entire global trade in aircraft. No product is more central to international trade than semiconductors.

Source; Simply Wall Street