Semiconductor & Technology Specialist, Ingenuity

William Keating

Dr. William Keating is a highly experienced senior executive with over 25 years experience in the IT/Semiconductor Industry. The majority of Dr. Keating's career was spent at Intel Corporation where he held senior leadership positions in Europe, the US and Asia from 1992 through 2014. He served as Intel's IT Director for APAC, China & Japan from 2005 through 2014 when he was based in Hong Kong and was responsible for the IT systems (Infrastructure, Networks, Data Centres, ERP, Sales & Marketing systems, Business Intelligence etc. ) for all of Intel's offices & factories through the region. From 1998 through 2005, he was the founder & director of an internal IT Consulting Organisation (IT Flex Services), a 500-person team which remains a core part of the Intel IT Organisation to this day. Dr. Keating's first 6 years at Intel were spent in charge of the Factory Automation Systems (Robotics, Databases, Networks, Servers, Clients etc.) supporting Intel's then state-of-the-art 200mm factory network. Since leaving Intel in 2014, Dr Keating established his own Technology Research & Consulting Company (www.ingenuity.hk) where he focuses on the products, roadmaps & technologies of companies such as Intel, AMD, Samsung, Apple, Micron- as well as the key equipment suppliers to those companies e.g. ASML, AMAT, Canon, Nikon etc. Dr. Keating specializes in niche topics of high significance within the semiconductor industry. These include the future of Moore's Law and in particular the significance of Lithography in maintaining Moore's Law (EUV, SDA, NanoImprint), the role & growth of the GPU in specialised applications such as Deep Learning (Neural Networks) for Voice, Image & Pattern recognition at companies such as Facebook, Google & Baidu. He also holds regular discussions on the future of memory, in particular the rise of 3D NAND and the emergence of new memory technologies such as 3D Xpoint.

Semiconductor & Technology Specialist

AMD. Our Opteron Thesis Is Intact & Reinforced After Q4 2018 Earnings

AMD. Market Share Gains Across The Board As Intel Vows To Fight To Protect Its Position

AMD. Just Remember, Rome Wasn't Built In A Day

AMD's Rome Will Rule An Empire. A Server Empire.

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

Equity Bottom-Up

Advanced Micro Devices / Equity Bottom-Up

During the course of a wide-ranging fireside chat, <a href="https://www.smartkarma.com/entities/19009" target="_blank" data-smartkarma-citation="entities:19009:1">Advanced Micro Devices </a>CEO Lisa Su delivered a bullish update on the company's competitive positioning at the recent Credit Suisse TMT conference. Critically, Su reiterated that AMD remains both on track for 5% server market share by the end of the current quarter AND that the next 5% share gain will happen faster than the first. However, Su was also equally careful to temper expectations about exactly how fast we should expect to see the company's revenue grow. Reiterating that AMD was just at the beginning of a multi-year journey, she urged caution on three fronts. Firstly, she expects the company's semi-custom business will be down double digit percentages in 2019 as the end of the current seven year design cycle approaches. Secondly, she expects growth based on their second-generation server processor, Rome, to be strongly loaded towards the second half of 2019. Finally, she indicated that the crypto-generated inventory overhang which caused NVIDIA so much grief in the wake of their latest earnings report would persist through Q1 2019. On that basis, we anticipate ongoing volatility in AMD's share price and urge investors to tailor their investment strategies accordingly. As we previously noted, Rome wasn't built in a day, but the assault on the server empire is very much on track.

During the course of a wide-ranging fireside chat, Advanced Micro Devices CEO Lisa Su delivered a bullish update on the company's competitive positioning at the recent Credit Suisse TMT conference. Critically, Su reiterated that AMD remains both on track for 5% server market share by the end of the current quarter AND that the next 5% share gain will happen faster than the first. However, Su was also equally careful to temper expectations about exactly how fast we should expect to see the company's revenue grow. Reiterating that AMD was just at the beginning of a multi-year journey, she urged caution on three fronts. Firstly, she expects the company's semi-custom business will be down double digit percentages in 2019 as the end of the current seven year design cycle approaches. Secondly, she expects growth based on their second-generation server processor, Rome, to be strongly loaded towards the second half of 2019. Finally, she indicated that the crypto-generated inventory overhang which caused NVIDIA so much grief in the wake of their latest earnings report would persist through Q1 2019. On that basis, we anticipate ongoing volatility in AMD's share price and urge investors to tailor their investment strategies accordingly. As we previously noted, Rome wasn't built in a day, but the assault on the server empire is very much on track.

AMD Reiterates Market Share Progress In Bullish Update at Credit Suisse TMT Conference