Tracking developments across tech supply chains, Tech Supply Chain Tracker

Tech Supply Chain Tracker

Tracking developments across tech supply chains

Equity Bottom-Up

<ul><li>iPhone 16 sales disappoint, LGD faces market obstacles, while Huawei enhances AI quality control in smart medicine.</li><li>Reduce defense emissions to combat climate change, safeguarding national security amid declining EV demand and weakening investments in European battery makers.</li><li>Thailand to establish first SiC facility by 2027, Taiwan introduces closed-loop lithium battery recycling system, boosts semiconductor innovation with US$9.3 billion initiative to stay competitive in the industry. US bans Chinese automotive tech.</li></ul>

iPhone 16 sales disappoint, LGD faces market obstacles, while Huawei enhances AI quality control in smart medicine.Reduce defense emissions to combat climate change, safeguarding national security amid declining EV demand and weakening investments in European battery makers.Thailand to establish first SiC facility by 2027, Taiwan introduces closed-loop lithium battery recycling system, boosts semiconductor innovation with US$9.3 billion initiative to stay competitive in the industry. US bans Chinese automotive tech.

Tech Supply Chain Tracker (27-Sep-2024): iPhone 16 sales lag, LGD struggles.

<ul><li>SLMs aiming to expand presence in GenAI business opportunities, while Joinsoon Electronics plans for 50:50 production split in Thailand by 2025.</li><li>European carmakers face challenges from potential Chinese retaliation against tariffs; South Korean equipment makers benefit from Chinese companies targeting OLED technology.</li><li>Global gaming subscription market expected to reach US$19 billion by 2024, with ITRI, SIIQ, MOEA collaborating to develop resilient semiconductor industry ecosystem. Taiwan's offshore wind farm installation signals industry shifts.</li></ul>

SLMs aiming to expand presence in GenAI business opportunities, while Joinsoon Electronics plans for 50:50 production split in Thailand by 2025.European carmakers face challenges from potential Chinese retaliation against tariffs; South Korean equipment makers benefit from Chinese companies targeting OLED technology.Global gaming subscription market expected to reach US$19 billion by 2024, with ITRI, SIIQ, MOEA collaborating to develop resilient semiconductor industry ecosystem. Taiwan's offshore wind farm installation signals industry shifts.

Tech Supply Chain Tracker (10-Sep-2024): SLMs expand in GenAI markets - DIGITIMES.

<ul><li>ST reduces 2024 outlook amid industrial and automotive slowdown, impacting company's future projections.</li><li>VCs discuss Taiwan startups in AI industry, highlighting challenge of staying competitive in fast-evolving sector.</li><li>Global regulators collaborate to address market dominance of AI giants, emphasizing need for fair competition and consumer protection.</li></ul>

ST reduces 2024 outlook amid industrial and automotive slowdown, impacting company's future projections.VCs discuss Taiwan startups in AI industry, highlighting challenge of staying competitive in fast-evolving sector.Global regulators collaborate to address market dominance of AI giants, emphasizing need for fair competition and consumer protection.

Tech Supply Chain Tracker (27-Jul-2024): ST cuts 2024 outlook as demand slows.

Korea / Special Sits, Pairs, Index Rebalancing, Clepsydra Capital

Sanghyun Park

Korea / Special Sits, Pairs, Index Rebalancing

Clepsydra Capital

Investigate special situations, pairs, and index rebalancing trades in Korea.

Event-Driven

<ul>
<li>Foreign traders face challenges in LG Display's rights offering. While LG Display provides updates through English disclosures, detailed schedule information exclusive to the Korean prospectus is missing.</li>
<li>To ensure access to all Korean disclosures, use the DART English service. DART imports English disclosures from KIND and provides English titles for Korean-only disclosures. Use translation tools like ChatGPT.</li>
<li>FSC enhances services to address practical issues. For lengthy documents, only English titles are available. FSC will provide English for subtitles, tables, and charts, using an automatic translation system.</li>
</ul>


Foreign traders face challenges in LG Display's rights offering. While LG Display provides updates through English disclosures, detailed schedule information exclusive to the Korean prospectus is missing.
To ensure access to all Korean disclosures, use the DART English service. DART imports English disclosures from KIND and provides English titles for Korean-only disclosures. Use translation tools like ChatGPT.
FSC enhances services to address practical issues. For lengthy documents, only English titles are available. FSC will provide English for subtitles, tables, and charts, using an automatic translation system.


Practical Issues with English Disclosure Sites in Korea (Feat. LG Display) & FSC's Latest Solutions

<ul>
<li>Unlike typical Korean stock rights arbitrage, LG Display's significant equity offering and active stock futures trading anticipate a spread opening, akin to the recent Hanwha Ocean scenario.</li>
<li>In contrast to Hanwha Ocean, the absence of major sellers, like KDB, sets this event apart. LG Electronics, the major shareholder with a 37.9% stake, intends to participate.</li>
<li>Despite differences from Hanwha Ocean, LG Display's high retail shareholder presence implies a substantial likelihood of stock rights overhang, even without players like KDB.</li>
</ul>


Unlike typical Korean stock rights arbitrage, LG Display's significant equity offering and active stock futures trading anticipate a spread opening, akin to the recent Hanwha Ocean scenario.
In contrast to Hanwha Ocean, the absence of major sellers, like KDB, sets this event apart. LG Electronics, the major shareholder with a 37.9% stake, intends to participate.
Despite differences from Hanwha Ocean, LG Display's high retail shareholder presence implies a substantial likelihood of stock rights overhang, even without players like KDB.


Arb Trading with Stock Rights in Korea: A Basic Guide Featuring LG Display Offering

South Korea

LG Display Company Ltd. develops and manufactures digital display products. The Company's products include thin film transistor-liquid crystal displays (TFT-LCD) for notebook and desktop computer monitors, TVs, and mobile phones. LG Display provides its products to overseas and domestic markets.

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LG Display (ADR) (LPL US)

Tech Supply Chain Tracker (27-Sep-2024): iPhone 16 sales lag, LGD struggles.

iPhone 16 sales disappoint, LGD faces market obstacles, Huawei improves AI for smart medicine, Europe's battery makers struggle with declining EV...

Tech Supply Chain Tracker

Tech Supply Chain Tracker (10-Sep-2024): SLMs expand in GenAI markets - DIGITIMES.

DIGITIMES Research: SLMs expanding in GenAI, Joinsoon Electronics targeting 50:50 split in production by 2025. Challenges for European carmakers,...

Tech Supply Chain Tracker

Tech Supply Chain Tracker (27-Jul-2024): ST cuts 2024 outlook as demand slows.

ST cuts 2024 outlook, VCs advise Taiwan startups on AI, global regulators target tech giants, LG faces OLED shortage, Thailand stabilizes...

Tech Supply Chain Tracker

Practical Issues with English Disclosure Sites in Korea (Feat. LG Display) & FSC's Latest Solutions

This post delves into the practical challenges of using English disclosure sites in Korea, using LG Display as an example, and introduces the...

Sanghyun Park

Arb Trading with Stock Rights in Korea: A Basic Guide Featuring LG Display Offering

This post offers a basic guide to arbitrage trading using stock rights in Korean equity offerings, with LG Display's recent announcement as an...

Sanghyun Park

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