External broker reports(aggregated public sources), CMB International

CMB International

External broker reports(aggregated public sources)

Incorporated in Hong Kong, supported by the mainland and targeting in global market, CMB International Capital Corporation Limited (“CMBI”) is an integrated financial institution providing comprehensive and professional services. As a wholly-owned subsidiary of China Merchants Bank ("CMB"), by leveraging on the Group’s synergy and coordination in domestic and overseas markets, as well as CMB’s strong resources and outstanding social reputation, CMBI and its subsidiaries have been actively implementing diversified business strategies and set up an overall layout of main business segments including Corporate Finance, Asset Management, Wealth Management, Global Markets and Structured Finance, etc. Adhering to the philosophy of “being clients oriented and increasing our own values by the way of creating value for clients”, CMBI endeavors to provide quality and integrated financial services to institutional, corporate and individual customers both domestic and overseas including Hong Kong IPO sponsorship and underwriting, share placement and rights issue for listed companies, financial advisors, bonds issuance services, asset management, direct investment, wealth management, equity sales and trading, etc.

Equity Bottom-Up

<ul>
<li>We have noticed several news outlets reporting that Shengyi Tech’s latest ultralow (UL) loss CCL product (Synamic9GN) has been certified by Nvidia and is expected to begin the next testing phase soon.</li>
<li>Entering Nvidia’s supply chain not only is a validation of the company’s R&amp;D capabilities, but also suggests the company is likely to see continued margin expansion as high-end products typically yield a higher margin.</li>
<li>Our positive outlook for the company is further bolstered by its extensive market reach and the potential for the CCL sector to recover more quickly than the PCB sector in 2024.</li>
</ul>
Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.


We have noticed several news outlets reporting that Shengyi Tech’s latest ultralow (UL) loss CCL product (Synamic9GN) has been certified by Nvidia and is expected to begin the next testing phase soon.
Entering Nvidia’s supply chain not only is a validation of the company’s R&amp;D capabilities, but also suggests the company is likely to see continued margin expansion as high-end products typically yield a higher margin.
Our positive outlook for the company is further bolstered by its extensive market reach and the potential for the CCL sector to recover more quickly than the PCB sector in 2024.

Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Shengyi Tech (600183 CH) – Expect Shengyi to Enter Nvidia Supply Chain in 2024

Thematic (Sector/Industry)

<ul><li>Huawei's role in offering alternatives to foreign tech’s is prominent, but it's important to highlight the contribution of other smaller yet significant players in the development of home-grown solutions in China. </li><li>Nvidia faces significant revenue decline in China in the upcoming year to comply with US export curbs. The company is determined to protect its substantial revenue from the China market and expand its global presence aggressively to make up for the potential revenue loss from the China market.</li><li>Nvidia CFO said “China and other affected destinations consistently contributed approximately 2025% of data center revenue over the past few quarters”.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Huawei's role in offering alternatives to foreign tech’s is prominent, but it's important to highlight the contribution of other smaller yet significant players in the development of home-grown solutions in China. Nvidia faces significant revenue decline in China in the upcoming year to comply with US export curbs. The company is determined to protect its substantial revenue from the China market and expand its global presence aggressively to make up for the potential revenue loss from the China market.Nvidia CFO said “China and other affected destinations consistently contributed approximately 2025% of data center revenue over the past few quarters”.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

China Semiconductor – Domestic AI Chip Makers Accelerating Their Push as Nvidia’s Alternatives

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

Advanced Micro Devices / Equity Bottom-Up

With critically acclaimed launches of next-generation consumer and server processors, growing GPU sales to the data center, steadily increasing market share, impressive supercomputing design wins, a strategically significant GPU partnership with Samsung, even tacit acknowledgement of competitive progress by <a href="https://www.smartkarma.com/entities/intel-corp" target="_blank" data-smartkarma-citation="entities:16764:1" rel="noopener">Intel</a>,  <a href="https://www.smartkarma.com/entities/advanced-micro-devices" target="_blank" data-smartkarma-citation="entities:19009:1" rel="noopener">Advanced Micro Devices</a> has arguably just experienced the most exciting three months in the company's 50-year history. Yet, this same period saw the company's stock fall by almost 18% on the back of a weaker than expected full year outlook coupled with broader market uncertainties related to trade wars and an increasingly gloomy global economic growth outlook. Despite this setback, we remain convinced in our view that the best is yet to come for AMD. Here's why.

With critically acclaimed launches of next-generation consumer and server processors, growing GPU sales to the data center, steadily increasing market share, impressive supercomputing design wins, a strategically significant GPU partnership with Samsung, even tacit acknowledgement of competitive progress by Intel,  Advanced Micro Devices has arguably just experienced the most exciting three months in the company's 50-year history. Yet, this same period saw the company's stock fall by almost 18% on the back of a weaker than expected full year outlook coupled with broader market uncertainties related to trade wars and an increasingly gloomy global economic growth outlook. Despite this setback, we remain convinced in our view that the best is yet to come for AMD. Here's why. 

Taiwan Tech Focused Senior Analyst

Patrick Liao

<ul>
<li>On December 8th, GUC reached its daily limit at the closing price, but the company did not consistently demonstrate an agreeable attitude.</li>
<li>The "AI" is an explicit knowledge for today, while GUC is a company of project based. </li>
<li>GUC's monthly revenue decreased by 22.15% YoY in November 2023.</li>
</ul>


On December 8th, GUC reached its daily limit at the closing price, but the company did not consistently demonstrate an agreeable attitude.
The "AI" is an explicit knowledge for today, while GUC is a company of project based. 
GUC's monthly revenue decreased by 22.15% YoY in November 2023.


GUC (3443.TT): Why the Company Did Show a Bit Cautious Attitude with the Market Price?

<ul>
<li>Global semi sales for October 2023 amounted to $46.6 billion, an increase of 3.9% MoM but still down 0.7% compared to the year-ago period</li>
<li>Global semiconductor equipment billings amounted to $25.6 billion in Q323, down 11% YoY and down 1% QoQ</li>
<li>China is on track to maintain the global #1 semi WFE spender slot for the fourth year in a row and by the widest margin ever. </li>
</ul>


Global semi sales for October 2023 amounted to $46.6 billion, an increase of 3.9% MoM but still down 0.7% compared to the year-ago period
Global semiconductor equipment billings amounted to $25.6 billion in Q323, down 11% YoY and down 1% QoQ
China is on track to maintain the global #1 semi WFE spender slot for the fourth year in a row and by the widest margin ever. 


Semiconductor Events Deserving Your Attention @6/12/23

United States

Intel Corporation designs, manufactures, and sells computer components and related products.  The Company's major products include microprocessors, chipsets, embedded processors and microcontrollers, flash memory products, graphics products, network and communications products, systems management software, conferencing products, and digital imaging products.

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Shengyi Tech (600183 CH) – Expect Shengyi to Enter Nvidia Supply Chain in 2024

We have noticed several news outlets reporting that Shengyi Tech’s latest ultralow (UL) loss CCL product (Synamic9GN) has been certified by Nvidia...

CMB International

China Semiconductor – Domestic AI Chip Makers Accelerating Their Push as Nvidia’s Alternatives

As the US tightens China’s access to advanced chips, we maintain our earlier view that domestic companies will look for Nvidia’s alternatives at a...

CMB International

AMD.The Best Is Yet To Come!

We've been writing about AMD's resurgence for > 5 years. This article from mid 2019 chronicles a critical time in AMD's comeback. Despite having...

William Keating

GUC (3443.TT): Why the Company Did Show a Bit Cautious Attitude with the Market Price?

GUC's daily limit reached, but company's attitude inconsistent. GUC's project-based nature contrasts with the prominence of "AI" knowledge....

Patrick Liao

Semiconductor Events Deserving Your Attention @6/12/23

Global semi sales for October 23 of $46.6 billion, +3.9% MoM, -0.7% YoY. Q323 semi WFE billings $25.6 billion, -11% YoY, -1% QoQ. China set to...

William Keating

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Shengyi Tech (600183 CH) – Expect Shengyi to Enter Nvidia Supply Chain in 2024

We have noticed several news outlets reporting that Shengyi Tech’s latest ultralow (UL) loss CCL product (Synamic9GN) has been certified by Nvidia...

CMB International

China Semiconductor – Domestic AI Chip Makers Accelerating Their Push as Nvidia’s Alternatives

As the US tightens China’s access to advanced chips, we maintain our earlier view that domestic companies will look for Nvidia’s alternatives at a...

CMB International

AMD.The Best Is Yet To Come!

We've been writing about AMD's resurgence for > 5 years. This article from mid 2019 chronicles a critical time in AMD's comeback. Despite having...

William Keating

GUC (3443.TT): Why the Company Did Show a Bit Cautious Attitude with the Market Price?

​GUC's daily limit reached, but company's attitude inconsistent. GUC's project-based nature contrasts with the prominence of "AI" knowledge....

Patrick Liao

Semiconductor Events Deserving Your Attention @6/12/23

Global semi sales for October 23 of $46.6 billion, +3.9% MoM, -0.7% YoY. Q323 semi WFE billings $25.6 billion, -11% YoY, -1% QoQ. China set to...

William Keating

GUC's daily limit reached, but company's attitude inconsistent. GUC's project-based nature contrasts with the prominence of "AI" knowledge....