Asia and Global Semiconductor and Tech Research

Andrew Lu

Equity Bottom-Up

Himax Technologies Inc Adr / Equity Bottom-Up

<h2>What triggers our idea?</h2>Among all of the new features we have highlighted in <a href="https://www.smartkarma.com/entities/666" target="_blank" data-smartkarma-citation="entities:666:1">Apple Inc (AAPL US)</a> new iPhone X (please see "<a href="https://www.smartkarma.com/insights/apple-new-iphones-and-watch-3-all-new-features-are-in-the-price" target="_blank" data-smartkarma-citation="insights:13541">Apple New IPhones and Watch 3: All New Features Are in the Price?</a> " dated 13 September 2017), TrueDepth camera system for Face ID should be the most wanted feature to drive iPhone X outselling iPhone 8/8 plus for easy unlock, increase security, Animoji on live, and rising augmented reality (AR) applications. Although this won't happen soon, we expect 3D face ID to replace…

What triggers our idea?Among all of the new features we have highlighted in Apple Inc (AAPL US) new iPhone X (please see "Apple New IPhones and Watch 3: All New Features Are in the Price? " dated 13 September 2017), TrueDepth camera system for Face ID should be the most wanted feature to drive iPhone X outselling iPhone 8/8 plus for easy unlock, increase security, Animoji on live, and rising augmented reality (AR) applications. Although this won't happen soon, we expect 3D face ID to replace…

Himax - What if 50% of Android Smartphones Need Face ID by 2021?

<h2>Summary</h2>Despite almost all new features like Face ID, wireless charging, OLED display, faster A11 CPU, and glass casing on iPhone X have been well released by the earlier news, we strongly believe <a href="https://www.smartkarma.com/entities/666" target="_blank" data-smartkarma-citation="entities:666:1">Apple Inc (AAPL US)</a>'s new iPhone X to out sell iPhone 8 and 8 plus combined starting November 3. This should result in weaker 3Q17 and early 4Q17 iPhone (8 and 8 plus) shipment and blended ASP but stronger late 4Q17 and 1Q18 iPhone (X) shipment and ASP than past few years to mainly benefit iPhone X…

SummaryDespite almost all new features like Face ID, wireless charging, OLED display, faster A11 CPU, and glass casing on iPhone X have been well released by the earlier news, we strongly believe Apple Inc (AAPL US)'s new iPhone X to out sell iPhone 8 and 8 plus combined starting November 3. This should result in weaker 3Q17 and early 4Q17 iPhone (8 and 8 plus) shipment and blended ASP but stronger late 4Q17 and 1Q18 iPhone (X) shipment and ASP than past few years to mainly benefit iPhone X…

Apple New IPhones and Watch 3: All New Features Are in the Price?

Thematic Investing in Tech and Media, CM Research

Cyrus Mewawalla

Thematic Investing in Tech and Media

Thematic TMT investing

CM Research

CM Research is an independent research house based in London, England. We provide global thematic research in the Technology, Media and Telecoms (TMT) sectors. 

Our focus is on disruptive technologies: how will they unfold; which industries will be impacted; and who will be the ultimate winners and losers. 

Our aim is to help investors predict share prices and corporate executives stay one step ahead of the technology trends that are shaping their industry. 

We research technology investment themes in detail and then feed the results into a scorecard system to quantify the impact of several conflicting themes on individual stocks. 

Recent themes covered include internet TV, the Internet of Things, Big Data, Mobile payments, crowdfunding, artificial intelligence, the cloud, software defined networking and Generation Hashtag.

We cover the top 500 global TMT stocks by market capitalisation and several technology start-ups and pre-IPO companies too. 

In 2015, CM Research analysts outperformed the Bloomberg Benchmark Analyst Index - which measures how good analysts are at predicting stock prices - by 7.1%.

Thematic (Sector/Industry)

<h2>AI is the next big computing wave. </h2>After transitioning from mainframes to PCs to servers to Cloud-based data centres, computing is about to make another transition: Artificial intelligence (AI) is the next computing wave. As demand for chips from the PC and smartphone industry subsides, demand for high-end processors to power AI-based platforms such as voice interfaces, robots, augmented reality, driverless cars, smart homes and advanced cybersecurity systems will rise. This new semiconductor industry is led by Microsoft, Google, Apple and Huawei. They increasingly tell their merchant suppliers what chips to make or do it better themselves, building custom, algorithmic chips and creating their own AI supercomputers in the Cloud.And Intel has got the message.So how should investors respond?

AI is the next big computing wave. After transitioning from mainframes to PCs to servers to Cloud-based data centres, computing is about to make another transition: Artificial intelligence (AI) is the next computing wave. As demand for chips from the PC and smartphone industry subsides, demand for high-end processors to power AI-based platforms such as voice interfaces, robots, augmented reality, driverless cars, smart homes and advanced cybersecurity systems will rise. This new semiconductor industry is led by Microsoft, Google, Apple and Huawei. They increasingly tell their merchant suppliers what chips to make or do it better themselves, building custom, algorithmic chips and creating their own AI supercomputers in the Cloud.And Intel has got the message.So how should investors respond?

Japan TMT Analyst

Pelham Smithers

Market Intel on Asian Tech with a Japan focus

Pelham Smithers Associates

Founded in 2009, Pelham Smithers Associates (PSA) provides market intelligence on Asian technology, focusing in particular on Japan. The industries covered by our team of specialists are: consumer electronics, telecomms, pharmaceuticals, internet, electronic parts and materials, automotive technology, retail and capital goods. 

Research is provided by the following:
Pelham Smithers: Macro, consumer electronics, telecoms & pharma
Joel Scheiman: Electronics materials / components
Julie Boote: Autos
Will Nestuk: Capital goods, machinery & transportation equipment parts
Thao Nguyen: eCommerce, internet content, marketing & advertising

A couple of years ago, <a href="https://www.smartkarma.com/entities/7245" target="_blank" data-smartkarma-citation="entities:7245:1">Nidec (6594 JP)</a> unveiled a small elongated haptic device, perfect for fitting into smartphones, and <a href="https://www.smartkarma.com/entities/666" target="_blank" data-smartkarma-citation="entities:666:1">Apple (AAPL US)</a> fell in love with it. At the time, the company was trialing its new touch technology where changes in pressure from the finger onto the device would activate the menu system. Makers of VCM systems like Hong Kong's <a href="https://www.smartkarma.com/entities/6544" target="_blank" data-smartkarma-citation="entities:6544:1">AAC Technologies (2018 HK)</a> and Japan's <a href="https://www.smartkarma.com/entities/12001" target="_blank" data-smartkarma-citation="entities:12001:1">Alps Electric (6770 JP)</a> had such haptic devices but they proved difficult to manufacture in the quantities…

A couple of years ago, Nidec (6594 JP) unveiled a small elongated haptic device, perfect for fitting into smartphones, and Apple (AAPL US) fell in love with it. At the time, the company was trialing its new touch technology where changes in pressure from the finger onto the device would activate the menu system. Makers of VCM systems like Hong Kong's AAC Technologies (2018 HK) and Japan's Alps Electric (6770 JP) had such haptic devices but they proved difficult to manufacture in the quantities…

The long-awaited launch of the The long-awaited launch of the <a href="https://www.smartkarma.com/entities/72" target="_blank" data-smartkarma-citation="entities:72:1">Nissan (7201 JP)</a>Leaf took place on Sept 6th, seven years after the first generation was introduced: On the outside, the Leaf now looks more like a regular, but sleeker hatchback. The most interesting additions are autonomous driving features and connectivity: The Leaf comes with parking assistance, single-lane highway driving, single pedal driving, and vehicle-to-infrastructure technologies. Nissan stressed that this new model is more…

The long-awaited launch of the The long-awaited launch of the Nissan (7201 JP)Leaf took place on Sept 6th, seven years after the first generation was introduced: On the outside, the Leaf now looks more like a regular, but sleeker hatchback. The most interesting additions are autonomous driving features and connectivity: The Leaf comes with parking assistance, single-lane highway driving, single pedal driving, and vehicle-to-infrastructure technologies. Nissan stressed that this new model is more…

Nissan (7201) - Unveils New "Leaf" As EV Theme Gets Motoring

United States

Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables and accessories, and sells a variety of related accessories. The Company also offers payment, digital content, cloud and advertising services. Apple Inc.'s customers are primarily in consumer, small & mid-sized business, education, enterprise and government markets worldwide.

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Apple (AAPL US)

Himax - What if 50% of Android Smartphones Need Face ID by 2021?

What triggers our idea?Among all of the new features we have highlighted in Apple Inc (AAPL US) new iPhone X (please see "Apple New IPhones and...

Andrew Lu

Apple New IPhones and Watch 3: All New Features Are in the Price?

SummaryDespite almost all new features like Face ID, wireless charging, OLED display, faster A11 CPU, and glass casing on iPhone X have been well...

Andrew Lu

Semiconductors in the Age of AI

AI is the next big computing wave. After transitioning from mainframes to PCs to servers to Cloud-based data centres, computing is about to make...

CM Research

WDC Gets Apple in a Huff

A couple of years ago, Nidec (6594 JP) unveiled a small elongated haptic device, perfect for fitting into smartphones, and Apple (AAPL US) fell in...

Pelham Smithers Associates

Nissan (7201) - Unveils New "Leaf" As EV Theme Gets Motoring

The long-awaited launch of the The long-awaited launch of the Nissan (7201 JP)Leaf took place on Sept 6th, seven years after the first generation...

Pelham Smithers Associates

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