How to Value SoftBank’s Semiconductor Arm IPO Among the NVidia and AI Frenzy

The much-anticipated IPO for SoftBank Group Corp. semiconductor unit Arm was filed Monday. With the AI frenzy Softbank is looking to time the listing to perfection. In what has been a rather dour few years for IPOs with high interest rates and a bear market for much of that period this is expected to be the year’s largest US initial public offering. Arm Holdings Ltd. didn’t disclose proposed terms in its filing Monday with the US Securities and Exchange Commission. … Continue reading “How to Value SoftBank’s Semiconductor Arm IPO Among the NVidia and AI Frenzy”

Intel Largest Quarterly Loss Ever as Revenue Collapsed 36% Over The Year, But There is Hope

Once upon a time Intel was a technology darling, that sadly was many moons ago as it got left behind with its rooted in the past attitude. Today it reported the fifth consecutive quarter of falling sales and the second consecutive quarter of losses. Intel reported first-quarter results on Thursday with a 133% annual reduction in earnings per share. This led to the biggest loss in the company’s history. Sadly, the terrible earnings were anticipated and even less than expected, … Continue reading “Intel Largest Quarterly Loss Ever as Revenue Collapsed 36% Over The Year, But There is Hope”

Texas Instruments Automotive Chips Strength Balances Weak Industrial Demand

Texas Instruments, the largest manufacturer of analog and embedded processors in America, reported better than expected fourth quarter results and also provided Q1 guidance that met analyst estimates but at the same time demand remains under pressure with customers working to reduce their inventory levels. The softer weaker quarter-over-quarter growth reflecting slowing demand spreading from personal electronics which was 24% of IT’s 2021 revenue to a more significant industrial markets which had 41% of revenue.  The automotive industry continues to … Continue reading “Texas Instruments Automotive Chips Strength Balances Weak Industrial Demand”

Semiconductors Lift South Korean ICT Exports to All Time High in 2022

South Korea shipments of information and communications technology (ICT) products in 2022 reached an all-time high of USD 233.3 billion, up 2.5 percent from 2021.  ICT exports achieved a trade surplus of $80.9 billion and make up 34.1% of Korea’s total annual exports. Imports went up 12.9% to $152.5 billion. ICT exports to most major regions expanded, however shipments to South Korea’s largest trading partner, China (including Hong Kong) shrank 4.9% to $102.3 billion as zero-COVID lockdowns and halted production lines … Continue reading “Semiconductors Lift South Korean ICT Exports to All Time High in 2022”

South Korean Trade Deficit Biggest Ever Since 1956 with Crumbling Won and High Energy Prices

South Korea for the full year of 2022, the trade balance posted a deficit of USD 47.2 billion, more than double of the previous record deficit of USD 20.72 registered in 1996, and the biggest ever figure since 1956. The trade deficit in South Korea surged to USD 4.69 billion in December 2022 from USD 0.43 billion in the same month a year earlier a preliminary figure showed. However, it was smaller than the market consensus of a 6.74 billion … Continue reading “South Korean Trade Deficit Biggest Ever Since 1956 with Crumbling Won and High Energy Prices”

Chip Equipment Maker Applied Materials Raises Guidance, Delivers Record Revenue

Chip equipment supplier Applied Materials reported better than expected fiscal fourth quarter profit and revenue after the market close Thursday. AMAT reported Record quarterly revenue of $6.75 billion, up 10 percent year over year. The company raised its Guidance sending the stock up 4% in the after-hours market. Record revenue in semi systems and AGS with strong orders and growing backlog. Applied Materials Q4 22 Earnings: Applied Materials reported fiscal fourth-quarter net income of $1.59 billion, or $1.85 a share, on sales of … Continue reading “Chip Equipment Maker Applied Materials Raises Guidance, Delivers Record Revenue”

Taiwan Semiconductor Stock Rise Continues After Berkshire Hathaway Announces $4.1 Billion Stake

The world’s largest contract chipmaker or foundry, Taiwan Semiconductor Manufacturing shares rose 6% after hours following Warren Buffett’s Berkshire Hathaway announced they bought more than US$4.1 billion of American Depository Shares (ADS) in TSMC in their filing for September 30. TSMC have been a big part of the Semiconductor bounce in the past week rising 12.96% tracking the broader tech rally after the mellower US inflation print prompted bets of a less aggressive hike by the Federal Reserve. Berkshire Hathaway … Continue reading “Taiwan Semiconductor Stock Rise Continues After Berkshire Hathaway Announces $4.1 Billion Stake”

Intel Earnings Beat Lowered Expectations and Announces $10 billion in Cost Cuts

Semiconductor giant Intel stock plunged after another dismal earnings report and guidance cut. INTC reported adjusted second-quarter earnings of 29 cents a share, compared with $1.36 a share from a year ago. Intel is the 2nd heaviest weight in the SMH ETF and had been bid up prior to the report after the passing of the CHIPS and Science Act aimed at boosting US chip production. The offers more than $52 billion for US chipmakers as well as tax credits for domestic … Continue reading “Intel Earnings Beat Lowered Expectations and Announces $10 billion in Cost Cuts”

Self-Driving Tech Mobileye Gained 38 percent on Debut Valuing the IPO at $23 billion

Mobileye Global, Intel’s self-driving vehicle technology business shares debuted on the Nasdaq Wednesday and opened trading at $26.71, closing up 38 percent to $28.97, giving the company a market value of about $23 billion. MBLY raised $861 million by offering 41 million shares at $21, above the range of $18 to $20. INTC only floating 5% of its basic shares outstanding, well below the typical 15%, in light of current market conditions and market reaction. It listed on the Nasdaq … Continue reading “Self-Driving Tech Mobileye Gained 38 percent on Debut Valuing the IPO at $23 billion”

Intel Autonomous Driving Unit Mobileye $861 million IPO Prices Above Range

Mobileye Global, Intel’s self-driving vehicle technology business raised $861 million by offering 41 million shares at $21, above the range of $18 to $20. The IPO terms were announced last Tuesday and priced last night, a week later. INTC was sold off briskly on the news as the number was far below expectations of the $30 billion figure Intel had flouted about a month ago. The company is only floating 5% of its basic shares outstanding, well below the typical … Continue reading “Intel Autonomous Driving Unit Mobileye $861 million IPO Prices Above Range”