In today’s briefing:
- Shift Inc (3697 JP): Full-year FY08/24 flash update
- Taiwan Tech Weekly: TSMC Taking More Samsung Customers; Hon Hai Unveils Major AI Projects
- Tech News This Week. TSMC and Samsung
- Mouri Tech Pre-IPO Tearsheet
- 3Q24 PC Shipments Are Flat YoY. Lenovo, Acer, Asus. Compal, Quanta, Wistron.
- Tech Supply Chain Tracker (12-Oct-2024): Azure leads in Nvidia’s GB200 AI chips, fueling cloud innovation.
- Usen-Next Holdings Co Ltd (9418 JP): Full-year FY08/24 flash update
- 111, Inc. – Continuing to Build Up a Robust and Nimble Warehousing & Distribution Network
Shift Inc (3697 JP): Full-year FY08/24 flash update
- In FY08/24, the company reported sales of JPY110.6bn (+25.7% YoY) and operating profit of JPY10.5bn (-8.9% YoY).
- Software Testing Related Services segment sales reached JPY71.3bn (+22.4% YoY), with operating profit of JPY16.2bn (+11.4% YoY).
- For FY08/25, the company forecasts sales of JPY130.0bn (+17.5% YoY) and operating profit of JPY13.5bn (+28.1% YoY).
Taiwan Tech Weekly: TSMC Taking More Samsung Customers; Hon Hai Unveils Major AI Projects
- Samsung’s foundry business is losing more customers to TSMC, who is perceived as lower risk.
- TSMC, UMC Monthly Sales: TSMC up strong but plateauing, UMC lackluster, confirming 2 big trends.
- Memory Monitor: Nanya results miss; highlights weakness in non-AI demand.
Tech News This Week. TSMC and Samsung
- Is Intel giving up on AI Accelerator (Gaudi)? Cutting orders first, refocusing on x86.
- TSMC CoWoS capacity, sharp wafer price increase, agreement with Amkor.
- DRAM price outlook is not that bad, after a 2H24 slowdown. Samsung 2nm and 1.4nm, planning ahead despite poor yield rates.
Mouri Tech Pre-IPO Tearsheet
- Mouri Tech Limited (MT IN) is planning to raise about US$179m through its upcoming IPO in India. The bookrunners for the deal are Nuvama Wealth, ICICI Securities, and JM Financial.
- Mouri Tech Limited (MTL) is a global IT solutions provider focused on intelligent enterprise resource planning (iERP) and digital transformation services.
- The company operates across four key areas: iERP, digital transformation, infrastructure services, and program management. MTL leverages advanced technologies.
3Q24 PC Shipments Are Flat YoY. Lenovo, Acer, Asus. Compal, Quanta, Wistron.
- IDC reported 3Q24 PC shipments declining -2% YoY, Canalys an increase of +1%. Let’s call this flat. If 4Q24 is “average seasonal”, 2024 will reach ~265m, or the pre-Covid range.
- No AI fever, no accelerated replacement cycle, for now. If it happens, it will take time, ie compelling AI apps that only run locally and need a new PC.
- In Asia, PC vendors: Lenovo, Acer, Asus. Taiwan ODM: Compal, Quanta, Wistron. Semi with high exposure: Novatek, Realtek.
Tech Supply Chain Tracker (12-Oct-2024): Azure leads in Nvidia’s GB200 AI chips, fueling cloud innovation.
- Microsoft Azure partners with Nvidia to use GB200 AI server chips, staying ahead in cloud innovation.
- Hong Kong’s October tech fairs will showcase electronics and lighting innovations from 6,000+ global exhibitors.
- Middle East pager explosions heighten concerns about Western V2X security, while China’s advances in silicon photonics may boost AI development.
Usen-Next Holdings Co Ltd (9418 JP): Full-year FY08/24 flash update
- FY08/24 revenue was JPY326.7bn (+18.2% YoY), with operating profit at JPY29.1bn (+35.0% YoY), exceeding forecasts.
- Subscriber growth and merger boosted FY08/24 revenue to JPY109.1bn (+31.1% YoY), operating profit rose 39.2% YoY.
- FY08/25 forecast: revenue JPY360.0bn (+10.2% YoY), operating profit JPY31.0bn (+6.5% YoY), EBITDA JPY42.5bn (+7.5% YoY).
111, Inc. – Continuing to Build Up a Robust and Nimble Warehousing & Distribution Network
- Two fulfillment centers added. In line with its goal to establish a national pharmaceutical logistics network (Kunpeng), 111 announced that it has added two new fulfillment centers.
- This brings its network up from 11 to 13 centers across China. One of the new additions is in Guangzhou, Guangdong province in the South, with the other in Wuhan, in the central province of Hubei.
- The two new centers expand the scale and capabilities of the company’s existing fulfillment operations in each of those populous regions.
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