Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>GlobalFoundries Inc., the U.S.-based contract semiconductor manufacturer, is reportedly exploring a high-stakes merger with Taiwan’s United Microelectronics Corporation (UMC).</li><li>This potential combination, though fraught with regulatory and geopolitical complexities, could mark one of the most significant developments in the mature-node chipmaking industry.</li><li>As reported by various sources including Nikkei Asia and Bloomberg, newly appointed CEO Tim Breen has been open to dealmaking, and this tie-up could be a strategic pivot amid rising global chip demand and evolving supply chain realities.</li></ul>

GlobalFoundries Inc., the U.S.-based contract semiconductor manufacturer, is reportedly exploring a high-stakes merger with Taiwan’s United Microelectronics Corporation (UMC).This potential combination, though fraught with regulatory and geopolitical complexities, could mark one of the most significant developments in the mature-node chipmaking industry.As reported by various sources including Nikkei Asia and Bloomberg, newly appointed CEO Tim Breen has been open to dealmaking, and this tie-up could be a strategic pivot amid rising global chip demand and evolving supply chain realities.

GlobalFoundries & United Microelectronics Merger Could Be the Silicon Power Combo No One Saw Coming!

<ul><li>GlobalFoundries Inc., a prominent player in the semiconductor manufacturing sector, exhibited a blend of positive outcomes and persistent challenges in its fourth quarter and full year 2024 financial results.</li><li>On the positive side, the fourth quarter slightly surpassed the midpoint of the company's revenue guidance, achieving approximately $1.83 billion, although this was a minor 1% decline compared to the same quarter in the prior year.</li><li>The company also reported a significant milestone, as it generated over $1 billion in adjusted free cash flow, exceeding its target and marking robust performance despite industry headwinds.</li></ul>

GlobalFoundries Inc., a prominent player in the semiconductor manufacturing sector, exhibited a blend of positive outcomes and persistent challenges in its fourth quarter and full year 2024 financial results.On the positive side, the fourth quarter slightly surpassed the midpoint of the company's revenue guidance, achieving approximately $1.83 billion, although this was a minor 1% decline compared to the same quarter in the prior year.The company also reported a significant milestone, as it generated over $1 billion in adjusted free cash flow, exceeding its target and marking robust performance despite industry headwinds.

GlobalFoundries: Will Its Geopolitical Strategy Help Tilt The Competitive Dynamics In Its Favor?

<ul><li>GlobalFoundries' third-quarter fiscal year 2024 results provide a comprehensive overview of its financial performance and strategic initiatives.</li><li>The company reported revenue of $1.739 billion for the quarter, reflecting a 7% sequential growth, albeit a 6% decline year-over-year.</li><li>This revenue growth is commendable given the challenging industry conditions with lower factory utilization levels around mid-70s.</li></ul>

GlobalFoundries' third-quarter fiscal year 2024 results provide a comprehensive overview of its financial performance and strategic initiatives.The company reported revenue of $1.739 billion for the quarter, reflecting a 7% sequential growth, albeit a 6% decline year-over-year.This revenue growth is commendable given the challenging industry conditions with lower factory utilization levels around mid-70s.

GlobalFoundries Inc.: Automotive & Industrial IoT Integration As A Critical Growth Lever! - Major Drivers

Semiconductor & Technology Specialist, Ingenuity

William Keating

Semiconductor & Technology Specialist

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

<ul>
<li>Tier 2 foundry revenue recovery is taking far longer than most expected. </li>
<li>Globalfoundries 2024 CapEx is less than one tenth of what SMIC is spending. Even Hua Hong is spending more. This makes investors nervous.</li>
<li>Globalfoundries CapEx strategy is a pragmatic one and will pay dividends in the years to come</li>
</ul>


Tier 2 foundry revenue recovery is taking far longer than most expected. 
Globalfoundries 2024 CapEx is less than one tenth of what SMIC is spending. Even Hua Hong is spending more. This makes investors nervous.
Globalfoundries CapEx strategy is a pragmatic one and will pay dividends in the years to come


GlobalFoundries. Share Price Down 17% Below IPO Price & Down 30% Since July. But Why?

Equity Long-Short, Semiconductors, Fabricated Knowledge

Douglas O'Laughlin

Equity Long-Short, Semiconductors

Fabricated Knowledge

Learn more about the world's most important manufactured product. Meaningful insight, timely analysis, and an occasional investment idea.

Equity Capital Markets

<ul>
<li>ARM prices this Wednesday and trades on Thursday.</li>
<li>I have a lot of thoughts. This will be a great post if you want to learn about ARM. </li>
<li><span style="font-size: var(--content-font-size);">So, without further adieu, let’s dive into the most important IP company in the world.</span></li>
</ul>


ARM prices this Wednesday and trades on Thursday.
I have a lot of thoughts. This will be a great post if you want to learn about ARM. 
So, without further adieu, let’s dive into the most important IP company in the world.


United States

GLOBALFOUNDRIES Inc. operates as a semiconductor contract manufacturing and design company. The Company offers chips designed for markets such as mobility, automotive, computing and wired connectivity, and consumer internet of things (IoT). GLOBALFOUNDRIES serves customers worldwide.

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GLOBALFOUNDRIES (GFS US)

GlobalFoundries & United Microelectronics Merger Could Be the Silicon Power Combo No One Saw Coming!

GlobalFoundries Inc., the U.S.-based contract semiconductor manufacturer, is reportedly exploring a high-stakes merger with Taiwan’s United...

Baptista Research

GlobalFoundries: Will Its Geopolitical Strategy Help Tilt The Competitive Dynamics In Its Favor?

GlobalFoundries Inc., a prominent player in the semiconductor manufacturing sector, exhibited a blend of positive outcomes and persistent...

Baptista Research

GlobalFoundries Inc.: Automotive & Industrial IoT Integration As A Critical Growth Lever! - Major Drivers

GlobalFoundries' third-quarter fiscal year 2024 results provide a comprehensive overview of its financial performance and strategic...

Baptista Research

ARM IPO Breakdown

ARM prices this Wednesday and trades on Thursday. I have a lot of thoughts. This will be a great post if you want to learn about ARM. So, without...

Fabricated Knowledge

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

GlobalFoundries & United Microelectronics Merger Could Be the Silicon Power Combo No One Saw Coming!

GlobalFoundries Inc., the U.S.-based contract semiconductor manufacturer, is reportedly exploring a high-stakes merger with Taiwan’s United...

Baptista Research

GlobalFoundries: Will Its Geopolitical Strategy Help Tilt The Competitive Dynamics In Its Favor?

GlobalFoundries Inc., a prominent player in the semiconductor manufacturing sector, exhibited a blend of positive outcomes and persistent...

Baptista Research

GlobalFoundries Inc.: Automotive & Industrial IoT Integration As A Critical Growth Lever! - Major Drivers

GlobalFoundries' third-quarter fiscal year 2024 results provide a comprehensive overview of its financial performance and strategic...

Baptista Research

GlobalFoundries. Share Price Down 17% Below IPO Price & Down 30% Since July. But Why?

GFS 2024 Capex less than 10% of SMIC's Capex. It's a pragmatic & strategic approach, likely to be the right one in the long run.

William Keating

ARM IPO Breakdown

ARM prices this Wednesday and trades on Thursday. I have a lot of thoughts. This will be a great post if you want to learn about ARM. So, without...

Fabricated Knowledge