In today’s briefing:
- Tencent/Netease: One Game Approval for Tencent in June
- Tech Supply Chain Tracker (27-Jun-2024): AI advances tech and industry’s potential.
- Broadcom Inc: How Are They Expanding AI and Networking Technologies! – Major Drivers
- Warner Bros. Discovery Inc.: A Growth Story Around Strategic Partnerships and Global Expansion! – Major Drivers
- Calix Inc.: Is The Management Focus on Small and Medium Business Segments Paying Off?
- KYEC (2449.TT): AI Highly Growth Potential may exceed Expectation.
Tencent/Netease: One Game Approval for Tencent in June
- China announced game approval for the June batch. The number of games approved remained at a higher level than 2023.
- The pace of China game approval appears to have accelerated to the same level as pre-tightening, though the number of approvals appears to be slower than March.
- Of companies that we are monitoring, Tencent and iDreamSky clinched one approval each.
Tech Supply Chain Tracker (27-Jun-2024): AI advances tech and industry’s potential.
- Generative AI is driving hardware advancements and creating new industrial prospects, with Synopsys offering automation and analytics tools for chipmaking facilities in India.
- Cultivating global cash cows like CHPT and Chief Telecom to enhance revenue streams, Volkswagen is investing $5 billion in Rivian to create an EV software joint venture, while Poland’s CEZAMAT boosts photonics and chip goals in Europe.
- Indian electronic component production value is set to increase 5x by 2030, but slow data center expansion may affect chip sales, according to Nvidia CEO. SiFive also unveils 4th-gen essential product line to drive innovation in embedded applications.
Broadcom Inc: How Are They Expanding AI and Networking Technologies! – Major Drivers
- Broadcom Inc. presented its second quarter fiscal year 2024 financial results, underscoring notable growth and strategic advancements, particularly through its semiconductor and software segments.
- The revenue recorded was $12.5 billion, a substantial 43% increase year-on-year, buoyed significantly by the inclusion of a full quarter’s financial contribution from VMware.
- Excluding this factor, revenue was up 12% from the previous year.
Warner Bros. Discovery Inc.: A Growth Story Around Strategic Partnerships and Global Expansion! – Major Drivers
- Warner Bros. Discovery commenced the first quarter of 2024 with a focus on adjusting its operations for future sustainability in an industry marked by rapid disruption due to technological advancements.
- The company acknowledges the transformative necessities dictated by changing consumer behaviors and the technological landscape.
- On a positive note, Warner Bros. Discovery reported an encouraging increase in subscriber growth for its streaming service, Max, which saw an addition of 2 million subscribers across various regions, pushing its total Direct-to-Consumer (D2C) subscriber count towards 100 million.
Calix Inc.: Is The Management Focus on Small and Medium Business Segments Paying Off?
- The Calix’s financial performance for the first quarter of 2024 underscores the company’s resilience amid shifting market conditions.
- Calix recorded a revenue of $226.3 million, settling within the provided guidance.
- This positioning affirms the continued relevance and efficacy of its platform, cloud, and managed services in driving its business agenda despite current industry challenges.
KYEC (2449.TT): AI Highly Growth Potential may exceed Expectation.
- The King Yuan Electronics Co, Ltd. (2449 TT) outlook for 3Q24 could see a 5-10% quarter-on-quarter growth at present.
- NVIDIA Corp (NVDA US) is currently the second-largest client of KYEC, and its business is rapidly expanding.
- STMicroelectronics NV (STM US) and Will Semiconductor Shan (603501 CH) are currently the third and fourth largest clients, respectively.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
