Taiwan Semiconductor Manufacturing Co Ltd
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China’s Industrial Profits Accelerate in June
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SMH Sees $87.7 Million in Fund Inflows in Trailing 12 Months
In the trailing one month, net fund inflows for the VanEck Vectors Semiconductor ETF (SMH) were $184.6 million. In the trailing 12-month (or TTM) period, net fund inflows were $87.7 million.
What Can Investors Expect from Qualcomm’s 1Q16 Earnings?
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NVIDIA Unlikely to Compete with AMD on 7-nm Node
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China’s Official Manufacturing PMI Nudged Down in November
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AMD’s 2019 Growth Revolves around Market Share Gain
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Micron Technology Agrees to Acquire Inotera Memories
On December 14, 2015, Micron Technology announced that it will buy the remaining shares of foundry partner Inotera Memories in a share swap transaction.
KLAC Stock Rises Over 3% on Fiscal Q2 2019 Revenue Beat
The semiconductor market is seeing demand weakness, especially in China. SME (semiconductor manufacturing equipment) suppliers are also seeing demand weakness.
China’s New Loan and Aggregate Financing Plans: Are They Working?
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Could TSMC’s Guidance Mark the Start of a Semiconductor Slowdown?
TSMC (TSM), the world’s largest foundry, earns revenue by manufacturing chips for other chipmakers on its manufacturing nodes.
How Will Investment in Advanced Nodes Help TSMC?
TSMC’s technology lead helped it get several orders from Huawei, Advanced Micro Devices, and Qualcomm.
A Look at TSMC’s 2018 Outlook for the Semiconductor Industry
TSMC expects the overall semiconductor market, excluding memory, to grow 5% YoY (year-over-year) in 2018.
Flaws in Intel’s x86 Integration Model
Intel lost the mobile processor market to Qualcomm (QCOM) in 2016. It also lost some PC processor market share to Advanced Micro Devices (AMD) last year.
Why Intel Has Lowered Its Fiscal 2016 Guidance
Intel has lowered its fiscal 2016 gross margin guidance from 63% to 62% due to lower platform volumes.
NVIDIA Launches Mid-Range Turing GPUs to Boost Gaming Revenue
While NVIDIA is tapping the mid-range market, AMD is eyeing the high-end market.
AMD Stock amid Future Earnings Growth, Market Share Gains
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What Could 2019 Hold for Intel Investors?
AMD is set to launch its next-generation Ryzen CPUs (central processing units) and EPYC server CPUs on TSMC’s (TSM) 7nm (nanometer) node in 2019.
EWT Rises 1.78%, Taiwan’s Unemployment Rate Holds Steady at 3.75%
On June 22, the National Statistics Office of the Republic of China reported unemployment figures for the economy of Taiwan.
Semiconductor Earnings Watch: TER and LRCX
This week, semiconductor equipment suppliers Teradyne Inc. (TER) and Lam Research (LRCX) will report their quarterly earnings.
How the End of the Crypto Boom Affected the GPU Industry’s Sales
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The Rumors on NVIDIA’s Upcoming Gaming Graphics Unit
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How Intel Could Address Its Supply Shortage
JPMorgan Chase expects global PC shipments to fall 5%–7% in Q4 2018.
What Customers Should Expect from AMD’s Next-Generation Navi GPU
In a corporate blog, AMD chief technology officer Mark Papermaster stated that the company would be launching more products on TSMC’s 7nm node, including its next-generation Navi GPU.
AMD Stock Rose 8% on Ryzen 3000 Series Announcement
Advanced Micro Devices (AMD) started 2019 with the announcement of its new Ryzen 3000 H and U Series CPUs for gaming laptops and ultrathin notebooks at CES 2019.
Advanced Nodes Increase TSMC’s Capital Expenditure
In the first three quarters of 2018, TSMC spent $6.7 billion in capital expenditure and is expected to spend $3.3 billion in the fourth quarter as it ramps up 7-nm production.
TSMC’s First-Quarter Earnings Suggest Growth in Coming Quarters
As TSMC has broad exposure to most end markets, its earnings are used to determine the health of the overall semiconductor industry.
China’s MNI Business Sentiment Expanded in April, Caution Prevails
China’s MNI Business Sentiment Indicator expanded to 50.5 in April due to stimulus measures from Chinese authorities to boost economic growth.
Apple’s Older iPhone Models in Patent Battles
A few iPhone models face the risk of an import ban under Apple’s ongoing patent infringement lawsuit with Qualcomm and South Korea.
TSMC’s First-Quarter Profit Margins Fall to Seven-Year Low
TSMC (TSM) is a third-party chip manufacturer and incurs a lot of fixed cost that goes into maintaining its fabrications facilities, or fabs.
How the KabyLake Processor Fits into Intel’s Strategy
Intel’s (INTC) new PC processor, KabyLake, marks the slowdown in Moore’s law, which was devised by Intel Co-Founder Gordon Moore.
Rumors: Intel Could Outsource Some of Its CPU Production to TSMC
Intel (INTC) is facing supply constraints for its 14nm (nanometer) chips as the company transitions to the 10nm node.
Investor Reaction to Lam Research’s and TSMC’s 2Q18 Guidance
The semiconductor earnings season started on a negative note with companies at the start of the supply chain reporting weaker guidance.
China’s New Yuan Loans, Aggregate Financing Dropped in February
China’s aggregate financing also fell sharply from 3417.3 billion yuan ($525 billion) in January to 780.2 billion yuan ($120 billion) in February.
1Q18 Earnings Season: Good News for Semiconductor Investors?
The earnings season started with better-than-expected earnings for semiconductor equipment manufacturer Lam Research (LRCX).
AMD Aims to Gain Double-Digit Server CPU Market Share
Advanced Micro Devices (AMD) aims to gain mid-single-digit server CPU (central processing unit) market share from Intel (INTC) by the end of 2018.
China’s Yuan Share Rose in Global Currency Payments
According to the latest SWIFT RMB Tracker, the yuan—also known as the “renminbi”—accounted for 2.3% of the global payments in November 2015.
TSMC Warns of Weak Demand in the First Half of 2019
TSMC is the sole manufacturer of Apple’s (AAPL) A-series processors, which are used in iPhones.
AMAT Feels the Impact of the Shift from Mobile Era to AI Era
The guidance from Apple (AAPL) and its foundry partner TSMC (TSM) show that smartphone demand should pick up in the second half of 2018.
AMD’s Flexible Manufacturing Strategy Reflects in Gross Margin
Advanced Micro Devices (AMD) seems to be repeating its 2006 growth in the CPU (central processing unit) market.
Key for Investors: 5 Issues Are Choking Real Growth in China
We think that 2016 will be challenging for the Chinese economy. With policy support and improved credit conditions, economic activity stabilized in 1Q16.
China’s Official Manufacturing PMI Nudged Up in December
China’s official manufacturing PMI reading for December 2015 was up slightly and came in at 49.7. However, it was still in contraction mode compared to 49.6 in November.
Indonesian Rupiah Traded Lower, Interest Rates Didn’t Change
The rupiah was trading in a negative trajectory compared to the US dollar on November 17. Bank Indonesia decided to keep the interest rates unchanged.
Texas Instruments’ Q1 2019 Revenue Hit by Semiconductor Weakness
Texas Instruments (TXN) is the world’s largest manufacturer and supplier of analog chips that convert real-world signals like touch and sound into digital signals.
Would Intel Consider Outsourcing Its CPU Manufacturing to TSMC?
In 2018, AMD decided to divide the production of its 7nm products between TSMC and GlobalFoundries.
TSMC’s Revenue Was Impacted as Apple Scaled Production Back
Apple is TSMC’s major customer in the communication segment. The recent production scale-back by Apple in December 2015 affected TSMC’s fiscal 4Q15 revenue.
TCWAX Fell Due to Weak Global Demand
For the month ending on November 30, 2015, TCWAX fell by 2.8% due to weakness in global demand and lower commodity prices.
TSMC’s Process Node Strength Reflects in Its Q4 Revenue
A smaller node improves transistor density, thereby improving performance and power efficiency.
NVIDIA and AMD to See Higher GPU Prices Because of US Tariffs
According to Jon Peddie Research, NVIDIA’s new RTX 2080 AIB would cost gamers $800 in September, $880 in the fourth quarter, and $1,000 in the first quarter of 2019.
Semiconductor Earning Trends in December 2015 Quarter
In the December 2015 quarter, most semiconductor companies and foundries reported declining sales and a weaker guidance for the March 2016 quarter.
AMD’s Efficiency Ratios Could Improve Further in 2019
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Applied Materials’s position in the semiconductor space
AMAT earns approximately 30% of its revenue from Taiwan, a share that has consistently risen in recent years.
This Company Could Partner Again with Qualcomm in 2019
While Qualcomm (QCOM) is struggling to make its mark in the server and PC processor markets, its chipsets continue to see strong demand in the smartphone market.
Why AMAT’s Weak Guidance Alarmed Semiconductor Investors
Applied Materials’ (AMAT) performance is an indicator of the overall semiconductor industry’s outlook.
AMD’s and NVIDIA’s Q1 Earnings May Bottom Out on GPU Weakness
The advent of esports and AI (artificial intelligence) in the last three years has brought discrete GPUs (graphics processing units) to the limelight.
TSMC Lowers 2018 Revenue Guidance on Crypto Weakness
TSMC (TSM) generally reports double-digit sequential revenue growth in the third quarter.
Impact of Apple’s New iPhones on TSMC’s Fiscal H2 2018 Revenue
Apple’s (AAPL) sole foundry, TSMC’s (TSM) production, was affected for four days due to a computer virus outbreak.
TCWAX: 2015’s Worst Performer, but Lowest YTD Negative Return
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Semiconductor Systems: AMAT’s Key Revenue Driver for Fiscal 2018
In fiscal 1Q18, AMAT’s Semiconductor Systems division’s revenue rose 32.6% YoY (year-over-year) to $2.9 billion.
Intel May Announce Next CEO before Q4 2018 Earnings
There are rumors that Intel might announce its next CEO before its earnings.
Indonesian Rupiah Fell Due to the Jakarta Attack and Rate Cut
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TSMC’s Capital Spending Focus Is High-Performance Computing
TSMC (TSM) reported its worst dip in profit in seven years as weak smartphone demand and high semiconductor inventory impacted its factory utilization rate.
China’s New Yuan Loans and Aggregate Financing Rise in November
The rise in new yuan loans doesn’t directly impact the overall performance of mutual funds. But with the rise in credit flow in the economy, mutual funds with large exposures to financials benefit.
What TXN’s Q1 Revenue Says about the Semiconductor Industry
Texas Instruments’ (TXN) revenue had been falling on a YoY (year-over-year) basis after ten quarters of growth, and the rate of decline is increasing with every quarter.
Intel’s CPU Shortages to Positively Impact AMD
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Is Semiconductor Industry Heading toward a Cyclical Downturn?
For the fourth quarter, Texas Instruments (TXN) guided its biggest sequential revenue decline since 2012.
Opportunities for AMAT’s Semiconductor Systems Business
AMAT is seeing strong growth in the foundry sector as companies like TSMC (TSM) and Samsung (SSNLF) move below the 10nm (nanometer) node.
What Happened to Intel’s Foundry Business?
In 1986, Intel (INTC) adopted an integration model in which it invested in x86 chip designs and manufacturing nodes to attain technology leadership in the microprocessor market.
What AMD’s Technology Lead over Intel Means to Investors
If AMD offers competitive products, Intel could lose its power to charge a premium price for its products, which could reduce its ASP (average selling price) and margins.
Reduced Memory Spending to Hit Earnings of AMAT, KLAC, and LRCX
The semiconductor industry is going through a downturn, but many companies expect growth to resume in the second half of 2019.
Texas Instruments Diversification Strategy Starts to Pay Off
Texas Instruments (TXN) has been reducing its exposure in the declining smartphone market and increasing its exposure in the growing automotive and industrial markets to reduce its seasonality.
AMD Stock Crossed $29 before Its Q1 Earnings
For Advanced Micro Devices, 2019 is an important year. The company is taking the manufacturing process lead with TSMC’s 7nm process node.
What Rumors Say about Intel’s Supply Shortage
Intel (INTC) is looking to address the CPU (central processing unit) supply shortage by adding capacity and prioritizing high-margin Xeon server CPUs over PC CPUs.
Apple’s Weak iPhone Sales Could Show in TSMC’s Q4 2018 Earnings
The Q4 2018 semiconductor earnings season will begin with the release of TSMC’s (TSM) fourth-quarter 2018 earnings on January 17.
How TSMC Plans to Improve Its Profit Margin in 2019
Another factor pulling down TSMC’s gross margin is the lower utilization rate of the 28-nm node due to faster-than-expected migration to the 7-nm node.
What Led to Canadian Pacific Railway’s Volume Rise in Week 30?
CP hauled slightly more than 30,000 railcars in the 30th week compared with over 29,000 railcars in the 30th week last year.
AMD Remains Free Cash Flow Negative
In full-year 2018, AMD earned operating cash of $34 million, but it was not sufficient to meet its capital requirements.
What Q4 Semiconductor Earnings May Have in Store for Investors
2019 started on a good note for the semiconductor industry.
What Challenges Does Broadcom’s Stock Face in 2018?
Broadcom stock is once again on a growth trend as the company prepares to release its fiscal Q3 2018 earnings on September 6.
What TSMC’s Reduced Capital Spending Means for Applied Materials
Being the world’s largest foundry, TSMC is a key customer of foundry equipment suppliers Applied Materials (AMAT) and ASML (ASML).
What Are the Portfolio Compositions of FHKCX and JCOAX?
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Valued-Added Platforms’ Role in NVIDIA’s Gross Margin
NVIDIA’s (NVDA) gross margin has improved over the years because of its rich product mix.