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. Firing On All Cylinders While Intel Is Firing Their CTO.

Intel Architecture Day 2020. Forget 7nm, We've Got SuperFins!

TSMC. Three Key Updates From A Remarkable Technology Symposium.

AI Hardware. Executive Departures & Product Cancellations Signal Troubled Times For Intel's Roadmap.

Intel Earnings Call - Solid Revenues Partly Thanks to COVID-19

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

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

<a href="https://www.smartkarma.com/entities/intel-corp" target="_blank" data-smartkarma-citation="entities:16764:1" rel="noopener">Intel's</a> by now all-too-familiar earnings beat this week was completely overshadowed by the veritable bombshell the company dropped regarding its 7nm process roadmap. CEO Bob Swan announced that yields were about twelve months behind where they should be and that the first 7nm product ramp would be delayed by about six months. The announcement comes just over two years after Intel revealed that their 10nm process would be delayed for the same reason. Intel's share price fell more than 10% in after-hours trading, losing a further 6% by Friday's close. In sharp contrast, <a href="https://www.smartkarma.com/entities/advanced-micro-devices-inc" target="_blank" data-smartkarma-citation="entities:19009:1" rel="noopener">AMD</a> and <a href="https://www.smartkarma.com/entities/taiwan-semiconductor-manufacturing-company" target="_blank" data-smartkarma-citation="entities:11230:1" rel="noopener">TSMC</a>, the two companies most likely to benefit from Intel's misfortune, recorded share price increases of 16.5% and 9.7% respectively in the same trading session. CEO Bob Swan valiantly sought to calm investor fears with soothing words about contingency plans involving outsourcing manufacturing to foundry. In his closing summary he went so far as to say that "we feel pretty good about where we are". Bizarrely, he even seemed at one stage to suggest that this state of affairs was a good for the company. The reality is very different indeed. Here's our analysis of what Intel had to say, the implications for the company and, most likely, for <a href="https://www.smartkarma.com/entities/taiwan-semiconductor-manufacturing-company" target="_blank" data-smartkarma-citation="entities:11230:1" rel="noopener">TSMC.</a>

Intel's by now all-too-familiar earnings beat this week was completely overshadowed by the veritable bombshell the company dropped regarding its 7nm process roadmap. CEO Bob Swan announced that yields were about twelve months behind where they should be and that the first 7nm product ramp would be delayed by about six months. The announcement comes just over two years after Intel revealed that their 10nm process would be delayed for the same reason. Intel's share price fell more than 10% in after-hours trading, losing a further 6% by Friday's close. In sharp contrast, AMD and TSMC, the two companies most likely to benefit from Intel's misfortune, recorded share price increases of 16.5% and 9.7% respectively in the same trading session. CEO Bob Swan valiantly sought to calm investor fears with soothing words about contingency plans involving outsourcing manufacturing to foundry. In his closing summary he went so far as to say that "we feel pretty good about where we are". Bizarrely, he even seemed at one stage to suggest that this state of affairs was a good for the company. The reality is very different indeed. Here's our analysis of what Intel had to say, the implications for the company and, most likely, for TSMC.

Intel. Deja Vu All Over Again With 7nm Delayed One Year. Long TSMC.