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

Thematic (Sector/Industry)

Just three days ago, we had the shock announcement from <a href="https://www.smartkarma.com/entities/16764" target="_blank" data-smartkarma-citation="entities:16764:1">Intel Corp (INTC US)</a> that they would be using a custom GPU core from <a href="https://www.smartkarma.com/entities/19009" target="_blank" data-smartkarma-citation="entities:19009:1">Advanced Micro Devices (AMD US)</a> in a forthcoming mobile CPU product release which we discussed here <a href="https://www.smartkarma.com/insights/intel-amd-gang-up-on-nvidia" target="_blank" data-smartkarma-citation="insights:15111">Intel, AMD Gang Up on NVIDIA</a>. In another bombshell,  Intel yesterday <a href="https://newsroom.intel.com/news-releases/raja-koduri-joins-intel/" target="_blank">announced</a> that they were hiring AMD's senior vice president and chief architect of the Radeon Technologies Group, Raja Koduri. His new role at Intel will be chief architect and senior vice president of the…

Just three days ago, we had the shock announcement from Intel Corp (INTC US) that they would be using a custom GPU core from Advanced Micro Devices (AMD US) in a forthcoming mobile CPU product release which we discussed here Intel, AMD Gang Up on NVIDIA. In another bombshell,  Intel yesterday announced that they were hiring AMD's senior vice president and chief architect of the Radeon Technologies Group, Raja Koduri. His new role at Intel will be chief architect and senior vice president of the…

Intel Poaches AMD's GPU Guru. Watch Out NVIDIA!

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

Rotation is alive and well. Once-dormant Sectors and Groups are helping propel the market to new highs. While Tech, the overachiever, continues to lead, we’re finally seeing the Energy  Sector contribute. And other economically sensitive Groups, like Casinos and Engineering &amp; Construction, are bullishly inflecting, confirming the risk-on message. Combined, this is (1) a positive sign for the market, and (2) actionable.In today’s report we highlight ideas within the following Groups: Engineering &amp; Construction, Semiconductors, and Auto Dealers.

Rotation is alive and well. Once-dormant Sectors and Groups are helping propel the market to new highs. While Tech, the overachiever, continues to lead, we’re finally seeing the Energy  Sector contribute. And other economically sensitive Groups, like Casinos and Engineering &amp; Construction, are bullishly inflecting, confirming the risk-on message. Combined, this is (1) a positive sign for the market, and (2) actionable.In today’s report we highlight ideas within the following Groups: Engineering &amp; Construction, Semiconductors, and Auto Dealers.

U.S. Equity Strategy: Cyclicals Continue to Lead; Energy Is Bottoming.

The news yesterday that <a href="https://www.smartkarma.com/entities/16764" target="_blank" data-smartkarma-citation="entities:16764:1">Intel Corp (INTC US)</a> would incorporate a custom, discrete graphics core from <a href="https://www.smartkarma.com/entities/19009" target="_blank" data-smartkarma-citation="entities:19009:1">Advanced Micro Devices (AMD US)</a> in its next generation of laptop processors was a bombshell. This is a critical year for AMD with the launch of their new lines of "Zen" core processors for desktop (Ryzen), server (EPYC) and upcoming mobile, as well as a revamped GPU architecture (Vega). Passionate debate raged back and forth all year over the extent to which AMD would wrest market share from…

The news yesterday that Intel Corp (INTC US) would incorporate a custom, discrete graphics core from Advanced Micro Devices (AMD US) in its next generation of laptop processors was a bombshell. This is a critical year for AMD with the launch of their new lines of "Zen" core processors for desktop (Ryzen), server (EPYC) and upcoming mobile, as well as a revamped GPU architecture (Vega). Passionate debate raged back and forth all year over the extent to which AMD would wrest market share from…

Asia and Global Semiconductor and Tech Research

Andrew Lu

Event-Driven

<h2>Summary</h2>We believe the merger news is somehow reliable as Broadcom CEO Hock Tan said at TSMC's 30th Anniversary Celebration Forum on October 23 that only strong IP portfolio and financial position can defend its market share against cloud vendors which are trying to take away semiconductor design value. Therefore, by buying Qualcomm/NXP, Broadcom can strengthen its IP portfolio into 3G/4G/5G baseband/modem, WiFi, Bluetooth, 3D sensing, NFC, and automotive semiconductor IP and enhance its…

SummaryWe believe the merger news is somehow reliable as Broadcom CEO Hock Tan said at TSMC's 30th Anniversary Celebration Forum on October 23 that only strong IP portfolio and financial position can defend its market share against cloud vendors which are trying to take away semiconductor design value. Therefore, by buying Qualcomm/NXP, Broadcom can strengthen its IP portfolio into 3G/4G/5G baseband/modem, WiFi, Bluetooth, 3D sensing, NFC, and automotive semiconductor IP and enhance its…

Broadcom Is Buying Qualcomm; Two Major Challenges Ahead to Close the Deal

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

Having looked to be a done deal a couple of days ago, suddenly the <a href="https://www.smartkarma.com/entities/921" target="_blank" data-smartkarma-citation="entities:921:1">Sprint Corp (S US)</a> / <a href="https://www.smartkarma.com/entities/922" target="_blank" data-smartkarma-citation="entities:922:1">T Mobile US (TMUS US)</a> deal is on the ropes. According to some media reports, this is due to price, with Son wanting to give up fewer than 8 Sprint shares for one TMUS share, some have <a href="https://www.smartkarma.com/entities/315" target="_blank" data-smartkarma-citation="entities:315:1">Softbank's (9984 JP)</a> board objecting to the sale, while others are suggesting that CEO Masayoshi Son is having a change of heart. Probably all three are partially true, but the third is probably the most relevant.Son has three…

Having looked to be a done deal a couple of days ago, suddenly the Sprint Corp (S US) / T Mobile US (TMUS US) deal is on the ropes. According to some media reports, this is due to price, with Son wanting to give up fewer than 8 Sprint shares for one TMUS share, some have Softbank's (9984 JP) board objecting to the sale, while others are suggesting that CEO Masayoshi Son is having a change of heart. Probably all three are partially true, but the third is probably the most relevant.Son has three…

SoftBank (9984) - Second Thoughts on Sprint (S) Sale

United States

NVIDIA Corporation designs, develops, and markets three dimensional (3D) graphics processors and related software.  The Company's products provide interactive 3D graphics to the mainstream personal computer market.

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NVIDIA Corp (NVDA US)

Intel Poaches AMD's GPU Guru. Watch Out NVIDIA!

Just three days ago, we had the shock announcement from Intel Corp (INTC US) that they would be using a custom GPU core from Advanced Micro Devices...

William Keating

U.S. Equity Strategy: Cyclicals Continue to Lead; Energy Is Bottoming.

Rotation is alive and well. Once-dormant Sectors and Groups are helping propel the market to new highs. While Tech, the overachiever, continues to...

Vermilion Research

Intel, AMD Gang Up on NVIDIA

The news yesterday that Intel Corp (INTC US) would incorporate a custom, discrete graphics core from Advanced Micro Devices (AMD US) in its next...

William Keating

Broadcom Is Buying Qualcomm; Two Major Challenges Ahead to Close the Deal

SummaryWe believe the merger news is somehow reliable as Broadcom CEO Hock Tan said at TSMC's 30th Anniversary Celebration Forum on October 23 that...

Andrew Lu

SoftBank (9984) - Second Thoughts on Sprint (S) Sale

Having looked to be a done deal a couple of days ago, suddenly the Sprint Corp (S US) / T Mobile US (TMUS US) deal is on the ropes. According to...

Pelham Smithers Associates

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