Asia and Global Semiconductor and Tech Research

Andrew Lu

Equity Bottom-Up

<h2>Summary</h2><ul>
<li><em><strong>Intel not happy with Microsoft: </strong>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.</em></li>
<li>
<em><strong>Transmeta and Microsoft/Qualcomm are different</strong>: Transmeta is running the x86 emulation through its semiconductor hardware/firmware design to make sure Windows OS can understand it but Microsoft is running</em>…</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

<h2>Summary</h2><p><em>In summary, we found no major surprise from <a href="https://www.smartkarma.com/entities/666" target="_blank" data-smartkarma-citation="entities:666:1">Apple Inc (AAPL US)</a> WWDC 2017 except some incremental improvements on Watch OS and iOS operating system. The new iMac and iPad Pro will use the latest Intel CPU Kaby Lake, AMD GPU Radeon Pro/Vega, and TSMC A10x for the performance upgrade but no incremental change in its semiconductor suppliers.  Augmented Reality software kit on iPad/iPhone seems interesting but needs to move your iPad/iPhone around to play, and lack of glasses like <a href="https://www.smartkarma.com/entities/15273" target="_blank" data-smartkarma-citation="entities:15273:1">Microsoft</a></em>…</p>

SummaryIn summary, we found no major surprise from Apple Inc (AAPL US) WWDC 2017 except some incremental improvements on Watch OS and iOS operating system. The new iMac and iPad Pro will use the latest Intel CPU Kaby Lake, AMD GPU Radeon Pro/Vega, and TSMC A10x for the performance upgrade but no incremental change in its semiconductor suppliers.  Augmented Reality software kit on iPad/iPhone seems interesting but needs to move your iPad/iPhone around to play, and lack of glasses like Microsoft…

Asean-focused. Ex-Head of Thai Research

Athaporn Arayasantiparb, CFA

Thematic (Sector/Industry)

<p>With Bitcoins rising and then correcting sharply in value, <em>MCorp Review</em> was pretty impressed by the little interview made by the CEO of <strong>Coins.co.th</strong>, a local fintech startup, on the topic on Spring News. Think his name was Saravut or something, but let's not dwell on names. It's just a tiny company yo. I just thought it'd be useful if someone could share the content since it's in Thai, and we don't have any recordings. Firstly, he highlighted a few interesting facts.</p><ul><li>
<strong>Fragmentation. </strong>There may be…</li></ul>

With Bitcoins rising and then correcting sharply in value, MCorp Review was pretty impressed by the little interview made by the CEO of Coins.co.th, a local fintech startup, on the topic on Spring News. Think his name was Saravut or something, but let's not dwell on names. It's just a tiny company yo. I just thought it'd be useful if someone could share the content since it's in Thai, and we don't have any recordings. Firstly, he highlighted a few interesting facts.
Fragmentation. There may be…

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

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<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”).<sup>1</sup>  </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

<h2>Key takeaways from MediaTek quarterly earnings conference</h2><ul><li>
<strong>1Q beat on disposal gain but 2Q miss on all</strong>: <a href="https://www.smartkarma.com/entities/772" target="_blank" data-smartkarma-citation="entities:772:1">Mediatek Inc (2454 TT)</a> reports a better than expected 1Q17 EPS of NT$4.20, which was NT$1.0 higher than Bloomberg consensus estimate of NT$3.21 and also better than earlier revised guidance of NT$3.96 due to the disposal gain by selling Mapbar Technology (please see our earlier report " <a href="https://www.smartkarma.com/insights/mediatek-goes-for-tsmc-ex-ceo-dr-rick-tsai-as-co-ceo-and-raises-1q17-earnings-forecast" target="_blank" data-smartkarma-citation="insights:9520">MediaTek Goes for TSMC Ex-CEO Dr. Rick Tsai as Co-CEO and Raises 1Q17 Earnings Forecast</a>" dated 22 March 2017…</li></ul>

Key takeaways from MediaTek quarterly earnings conference
1Q beat on disposal gain but 2Q miss on all: Mediatek Inc (2454 TT) reports a better than expected 1Q17 EPS of NT$4.20, which was NT$1.0 higher than Bloomberg consensus estimate of NT$3.21 and also better than earlier revised guidance of NT$3.96 due to the disposal gain by selling Mapbar Technology (please see our earlier report " MediaTek Goes for TSMC Ex-CEO Dr. Rick Tsai as Co-CEO and Raises 1Q17 Earnings Forecast" dated 22 March 2017…

MediaTek Is Betting on 2H17 Margin Recovery on Lower Cost Solution Ramp

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Microsoft Corporation operates as a software company. The Company offers applications, extra cloud storage, and advanced security solutions. Microsoft serves customers worldwide.

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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

Incremental New at Apple WWDC 2017?

SummaryIn summary, we found no major surprise from Apple Inc (AAPL US) WWDC 2017 except some incremental improvements on Watch OS and iOS operating...

Andrew Lu

Silicon Stories #9: Coin on Bitcoins

With Bitcoins rising and then correcting sharply in value, MCorp Review was pretty impressed by the little interview made by the CEO...

Athaporn Arayasantiparb, CFA

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

MediaTek Is Betting on 2H17 Margin Recovery on Lower Cost Solution Ramp

Key takeaways from MediaTek quarterly earnings conference 1Q beat on disposal gain but 2Q miss on all: Mediatek Inc (2454 TT) reports a better than...

Andrew Lu

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