This weekly newsletter pulls together summaries of the top ten most-read Insights across Tech Hardware and Semiconductor on Smartkarma.
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1. Delta Taiwan Vs. Thailand Monitor: Delta Thailand Crash Closes Gap, But Still Relatively Expensive
- Delta Thailand Has Dramatically Underperformed Delta Taiwan — Delta Thailand Now Finally Trading at a Less Extreme Level vs. Delta Taiwan
- Latest Relative Growth Profiles — Delta Taiwan Has Higher Growth Profile in 2025E
- Even After the Major Pricing Reversion Since Mid-February, Delta Thailand Remains Overvalued Relative to Delta Taiwan
2. Taiwan Dual-Listings Monitor: TSMC Spread Close to Long Level; UMC & ASE Deep Discounts
- TSMC: +14.9% Premium; Spread Has Fallen Close to Long Levels
- UMC: -2.6% Discount; Good Level to Go Long the Spread
- ASE: -3.2% Discount; Spread at Extreme Low, Good Level to Go Long
3. Intel Vision: Lip Bu Tan’s First Keynote As Intel CEO
- Rather than love, than money, than fame, give me the truth
- I intend to under promise and over deliver. I will not be satisfied until we delight you
- How long will I stay at Intel? I’m here for as long as it takes
4. Intel’s Annual Shareholder Meeting Proxy Statement Has A Few Interesting Gems
- We remain steadfast in our belief in our company’s future. That said, there are no quick fixes. We need to demonstrate consistent execution and results over a sustained period. Frank Yeary
- Intel’s ELT scored themselves a remarkable 29.7 out of 35 for their 2024 “Product Leadership” goal, despite mounting data center market share loss and Gaudi being an abject failure
- While Pat Gelsinger’s departure from Intel was labelled a “retirement” last December, the Proxy Statement refers to it as a “resignation”. Which was it?
5. Taiwan Tech Weekly: TSMC Goes ‘Taiwan Speed’ in Arizona; Phison Predicts Edge AI Flash Memory Boom
- TSMC Accelerates U.S. Expansion — New Arizona Fab to Be Built at ‘Taiwan Speed’
- Phison CEO Sees Decade-Long Boom for NAND Flash as AI Shifts to the Edge
- Delta Taiwan Vs. Thailand Monitor: Delta Thailand Crash Closes Gap, But Still Relatively Expensive
6. UMC (2303.TT; UMC.US): Merges with GFS? It Should Be a Terrific, but It Won’t Be Easy to Happen.
- Both United Microelectron Sp Adr (UMC US) and GLOBALFOUNDRIES (GFS US) saw positive reactions in their stocks following a possible merger news, despite the current instability in the stock markets.
- Although GLOBALFOUNDRIES (GFS US)‘s technology is held above 7nm, it is ahead of United Microelectron Sp Adr (UMC US), which is still certain generations above China’s current technology in general.
- If these two companies wish to merge, there are still some subjective factors that need to be considered, and it will not be easy to get approval.
