Asia and Global Semiconductor and Tech Research

Andrew Lu

Equity Bottom-Up

<h2>Summary</h2><ul>
<li>Intel not happy with Microsoft: Intel implied Microsoft and Qualcomm are unlawful to infringe its instruction set architecture patents. At 2017 Computex, Qualcomm announced that <a href="https://www.smartkarma.com/entities/13002" target="_blank" data-smartkarma-citation="entities:13002:1">Asustek</a>, <a href="https://www.smartkarma.com/entities/2985" target="_blank" data-smartkarma-citation="entities:2985:1">HP</a>, and <a href="https://www.smartkarma.com/entities/13359" target="_blank" data-smartkarma-citation="entities:13359:1">Lenovo </a>would be the OEMs to develop notebooks powered by Snapdragon 835 mobile PC platform.</li>
<li>
Transmeta and Microsoft/Qualcomm are different: Transmeta is running the x86 emulation through its semiconductor hardware/firmware design to make sure Windows OS can understand it but Microsoft is running…</li>
</ul>

Summary
Intel not happy with Microsoft: Intel implied Microsoft and Qualcomm are unlawful to infringe its instruction set architecture patents. At 2017 Computex, Qualcomm announced that Asustek, HP, and Lenovo would be the OEMs to develop notebooks powered by Snapdragon 835 mobile PC platform.

Transmeta and Microsoft/Qualcomm are different: Transmeta is running the x86 emulation through its semiconductor hardware/firmware design to make sure Windows OS can understand it but Microsoft is running…


Challenges and Risks Ahead for Intel Part 3; New Addressable Market for Samsung and TSMC

Transport Sector, China and Asia-focused Research

Charles De Trenck

Thematic (Sector/Industry)

At some point centuries from now, we will not have money, salaries or single sovereign governments. We will have a variant of a Gattaca Society.  Short term, given that we have had no wars combined with ultra-lax money, the economic landscape has disfigured equity and bond valuations to the point where the pendulum has thoroughly swung to momentum over valuation. At same time many have been held hostage (or it’s been voluntary) and had to stay in markets.--&gt; Excellent recap slide presentation…

At some point centuries from now, we will not have money, salaries or single sovereign governments. We will have a variant of a Gattaca Society.  Short term, given that we have had no wars combined with ultra-lax money, the economic landscape has disfigured equity and bond valuations to the point where the pendulum has thoroughly swung to momentum over valuation. At same time many have been held hostage (or it’s been voluntary) and had to stay in markets.--&gt; Excellent recap slide presentation…

Public Relations and Social Media Manager, Dechert LLP

Peggy Heffner

Public Relations and Social Media Manager

Dechert is a global specialist law firm

Dechert LLP

Dechert is a global specialist law firm.
Focused on sectors with the greatest complexities, legal intricacies and highest regulatory demands, we excel in delivering practical commercial judgment and deep legal expertise for high-stakes matters.

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In an increasingly challenging environment, clients look to us to serve them in ways that are faster, sharper and leaner without compromising excellence. We developed a first-of-its kind legal project management department, which uses technology, people and processes to drive efficiency and deliver value for our clients.

We are innovators. Dechert ranked #7 in the Financial Times’ Top North American Innovative Law Firms. Financial Times also recognizes us among the Top European Innovative Law Firms and highly commends World Compass, our marketing compliance service, which offers investment firms advice in more than 100 jurisdictions.

<ul><li>President Donald J. Trump issued an Executive Order on May 11, 2017 aimed at “Strengthening the Cybersecurity of Federal Networks and Critical Infrastructure” (the “Order”).1  </li><li>The Order mandates federal governmental review of cybersecurity policies and practices in two distinct but related spheres: (1) the federal Executive Branch, which “operates its information technology (IT) on behalf of the American people,” and (2) “the owners and operators of the Nation’s critical infrastructure.”</li><li>The Order also addresses, generally, consumer cybersecurity issues by highlighting the need to promote an “open, interoperable, reliable, and secure internet” and grow and train a workforce skilled in cybersecurity.</li><li>Its primary purposes appear to be (1) collecting information the Administration believes it needs to formulate its cybersecurity strategies; and (2) identifying avenues of potential cooperation between the federal government and other entities that are central to preserving the nation’s security.  </li></ul>

President Donald J. Trump issued an Executive Order on May 11, 2017 aimed at “Strengthening the Cybersecurity of Federal Networks and Critical Infrastructure” (the “Order”).1  The Order mandates federal governmental review of cybersecurity policies and practices in two distinct but related spheres: (1) the federal Executive Branch, which “operates its information technology (IT) on behalf of the American people,” and (2) “the owners and operators of the Nation’s critical infrastructure.”The Order also addresses, generally, consumer cybersecurity issues by highlighting the need to promote an “open, interoperable, reliable, and secure internet” and grow and train a workforce skilled in cybersecurity.Its primary purposes appear to be (1) collecting information the Administration believes it needs to formulate its cybersecurity strategies; and (2) identifying avenues of potential cooperation between the federal government and other entities that are central to preserving the nation’s security.  

Trump Executive Order Addresses Executive Branch, Critical Infrastructure Cybersecurity

Amareos

Ryan Shea

<h2>Summary</h2><blockquote>
“There is a time to smile, a time to cry,
A time to live, a time to die, 
A time to sell and a time to buy”
</blockquote>Our thoughts on technology including the outlook for four leading technology stocks – [F]acebook, [A]mazon, [N]etflix and [G]oogle (Alphabet). These four stocks are popular shorts with hedge funds as the combination of strong price momentum and loft valuations has fuelled speculation they are in a bubble. We scan the latest crowd sentiment readings to determine whether this really is…

Summary
“There is a time to smile, a time to cry,
A time to live, a time to die, 
A time to sell and a time to buy”
Our thoughts on technology including the outlook for four leading technology stocks – [F]acebook, [A]mazon, [N]etflix and [G]oogle (Alphabet). These four stocks are popular shorts with hedge funds as the combination of strong price momentum and loft valuations has fuelled speculation they are in a bubble. We scan the latest crowd sentiment readings to determine whether this really is…

The Market Sentimentalist - New-FANG-Led Technology

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

If you were simply to take the overall US stock market behaviour since the start of the year, you would have reason for mild contentment. The market is up 6~7% in 15 weeks - the sort of performance that delivers nice bonuses to the fund management industry but doesn't generate sleepless nights worrying that it is about to turn sour.However, such performance is well in excess of the 6% annual total real rate of return generated on average by equities, given that current dividend yields and…

If you were simply to take the overall US stock market behaviour since the start of the year, you would have reason for mild contentment. The market is up 6~7% in 15 weeks - the sort of performance that delivers nice bonuses to the fund management industry but doesn't generate sleepless nights worrying that it is about to turn sour.However, such performance is well in excess of the 6% annual total real rate of return generated on average by equities, given that current dividend yields and…

US Equity Market Looking Increasingly Expensive

United States

Meta Platforms Inc. operates as a social technology company. The Company builds applications and technologies that help people connect, find communities, and grow businesses. meta Platform is also involved in advertisements, augmented and virtual reality.

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Meta Platforms (Facebook) (META US)

Challenges and Risks Ahead for Intel Part 3; New Addressable Market for Samsung and TSMC

Summary Intel not happy with Microsoft: Intel implied Microsoft and Qualcomm are unlawful to infringe its instruction set architecture patents. At...

Andrew Lu

Mark Zuckerberg and the Gattaca Society

At some point centuries from now, we will not have money, salaries or single sovereign governments. We will have a variant of a Gattaca Society....

Charles De Trenck

Trump Executive Order Addresses Executive Branch, Critical Infrastructure Cybersecurity

President Donald J. Trump issued an Executive Order on May 11, 2017 aimed at “Strengthening the Cybersecurity of Federal Networks and Critical...

Dechert LLP

The Market Sentimentalist - New-FANG-Led Technology

Summary “There is a time to smile, a time to cry, A time to live, a time to die, A time to sell and a time to buy” Our thoughts on technology...

Amareos

US Equity Market Looking Increasingly Expensive

If you were simply to take the overall US stock market behaviour since the start of the year, you would have reason for mild contentment. The...

Pelham Smithers Associates

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