Managing Director, Zero One, Zero One

Vincent Fernando, CFA

Managing Director, Zero One

Equity Bottom-Up

Taiwan Semiconductor (TSMC) - ADR / Equity Bottom-Up

<ul>
<li>China bans Micron chips for critical information infrastructure -- Taiwanese firms could benefit by straddling both sides of the trade tensions.</li>
<li>TSMC rallies as U.S. and Japan advance incentives for TSMC and Taiwanese firms.</li>
<li>Nvida earnings this week -- We'll see if the AI leader can keep the market excited about AI's brave new world.</li>
</ul>


China bans Micron chips for critical information infrastructure -- Taiwanese firms could benefit by straddling both sides of the trade tensions.
TSMC rallies as U.S. and Japan advance incentives for TSMC and Taiwanese firms.
Nvida earnings this week -- We'll see if the AI leader can keep the market excited about AI's brave new world.


Taiwan Tech Weekly: China Micron Restrictions; Taiwan Benefit From 'Chip Tensions'; Nvidia Earnings

Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

Cross Asset Strategy

<ul><li>Bonds /: In Depth: Court ruling sets off debate about bond fraud compensation</li><li>Ukraine /: Chinese peace envoy meets Zelenskyy in Ukraine</li><li>Regulator /: China deploys former Everbright chairman to new financial commission</li></ul>

Bonds /: In Depth: Court ruling sets off debate about bond fraud compensationUkraine /: Chinese peace envoy meets Zelenskyy in UkraineRegulator /: China deploys former Everbright chairman to new financial commission

CX Daily: Court Ruling Sets Off Debate About Bond Fraud Compensation

Semiconductor & Technology Specialist, Ingenuity

William Keating

Semiconductor & Technology Specialist

<ul>
<li>Q1’23 revenues of NT$95.7 billion, down 11.6% sequentially and 33% year-over-year.</li>
<li>Q2'23 revenues sequentially flat at the midpoint. Longer replacement cycles and growing refurbishment market will see 2023 unit shipments decline a further ~10% YoY.</li>
<li>Strength in Smart Edge products (TV, Tablet, Telco, Automotive) continues to offset weakness in smartphones</li>
</ul>


Q1’23 revenues of NT$95.7 billion, down 11.6% sequentially and 33% year-over-year.
Q2'23 revenues sequentially flat at the midpoint. Longer replacement cycles and growing refurbishment market will see 2023 unit shipments decline a further ~10% YoY.
Strength in Smart Edge products (TV, Tablet, Telco, Automotive) continues to offset weakness in smartphones


MediaTek Q1'23 Earnings NT$95.7 Billion, -11.6% QoQ , -33% YoY. Q2'23 Flat QoQ

<ul>
<li>Another major earnings week with AMD, Qualcomm, Apple, Acer, Winbond, Wistron, Micro-Star, and more.</li>
<li>Hon Hai could terminate its investment deal in U.S.-based Lordstown Motors as per an exchange notice posted by Lordstown.</li>
<li>AMD reportedly transfers some 4nm chip business to Samsung from TSMC.</li>
</ul>


Another major earnings week with AMD, Qualcomm, Apple, Acer, Winbond, Wistron, Micro-Star, and more.
Hon Hai could terminate its investment deal in U.S.-based Lordstown Motors as per an exchange notice posted by Lordstown.
AMD reportedly transfers some 4nm chip business to Samsung from TSMC.


Taiwan Tech Weekly: Another Major Earnings Week; Hon Hai Deal Exit? AMD Transfers Orders to Samsung

<ul>
<li>Mediatek results showed it may be in one of the stronger positions through this cycle, part of the stronger group of company's in what appears a 'two-track' semi industry recovery.</li>
<li>The company reported notable strength in TV end-demand relative to the rest of the consumer electronics space.</li>
<li>The company implied 2Q23E could be the company's cycle bottom.</li>
</ul>


Mediatek results showed it may be in one of the stronger positions through this cycle, part of the stronger group of company's in what appears a 'two-track' semi industry recovery.
The company reported notable strength in TV end-demand relative to the rest of the consumer electronics space.
The company implied 2Q23E could be the company's cycle bottom.


Mediatek: TV Demand Peculiarly Strong Within Consumer Electronics Malaise

United States

QUALCOMM, Inc . manufactures digital wireless communications equipment.  The Company licenses its code division multiple access (CDMA) and orthogonal frequency division multiplexing access intellectual property to other companies, and produces CDMA-based integrated circuits; and produces equipment and software used to track workers and assets; and software for wireless content enablement.

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Qualcomm Inc (QCOM US)

Taiwan Tech Weekly: China Micron Restrictions; Taiwan Benefit From 'Chip Tensions'; Nvidia Earnings

Nvida earnings this week -- We'll see if the AI leader can keep the market excited about AI's brave new world. Mediatek a potential future winnner...

Vincent Fernando, CFA

CX Daily: Court Ruling Sets Off Debate About Bond Fraud Compensation

Bonds /: In Depth: Court ruling sets off debate about bond fraud compensation Ukraine /: Chinese peace envoy meets Zelenskyy in Ukraine Regulator...

Caixin Global

MediaTek Q1'23 Earnings NT$95.7 Billion, -11.6% QoQ , -33% YoY. Q2'23 Flat QoQ

Q1’23 revenues of NT$95.7 billion, -11.6% QoQ & -33% YoY. Q2'23 revenues sequentially flat at the midpoint. Strength in TV, Tablet, Telco &...

William Keating

Taiwan Tech Weekly: Another Major Earnings Week; Hon Hai Deal Exit? AMD Transfers Orders to Samsung

Hon Hai could terminate its investment deal in U.S.-based Lordstown Motors as per an exchange notice posted by Lordstown.

Vincent Fernando, CFA

Mediatek: TV Demand Peculiarly Strong Within Consumer Electronics Malaise

Mediatek results showed it may be in one of the stronger positions through this cycle, part of the stronger group of company's in what appears a...

Vincent Fernando, CFA

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