Technology

Morgan Stanley: TSMC’s revenue in the first quarter of 2023 is expected to decrease by 14-15% sequentially

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As TSMC’s January 12 legal statement approached, Morgan Stanley recently released a forecast for TSMC’s 2023 revenue, believing that the company will “moderate growth” throughout the year, and revenue may increase slightly by 1%. Q1 will decrease 14-15% sequentially due to lower orders for high-end smartphones and data centers, but gross margin can remain at 55% in the first quarter due to higher foundry prices.

Morgan Stanley: TSMC’s revenue in the first quarter of 2023 is expected to decrease by 14-15% sequentially Read Post »

Qualcomm (NASDAQ:QCOM) launches the world’s first satellite-based two-way messaging solution

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On January 6, Qualcomm(NASDAQ:QCOM)  announced the launch of Snapdragon Satellite, the world’s first satellite-based solution that provides two-way messaging for flagship smartphones, during CES 2023. Qualcomm said that Snapdragon Satellite will be the first to be applied to terminals equipped with the second-generation Snapdragon 8 flagship mobile platform. The emergency messaging feature supported by Snapdragon Satellite is expected to be available on next-generation smartphones, with rollouts starting in some regions in the second half of 2023.

Qualcomm (NASDAQ:QCOM) launches the world’s first satellite-based two-way messaging solution Read Post »

Qualcomm and Salesforce have partnered to create a new platform for automakers for connected cars

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American chip designer Qualcomm (NASDAQ:QCOM) and cloud software company Salesforce (NYSE:CRM) said Thursday that the two companies plan to develop a new connected car platform for automakers. The car platform for internet access will purportedly use Qualcomm’s Snapdragon digital chassis and Salesforce’s cloud services to help automakers personalize user experiences using real-time data.

Qualcomm and Salesforce have partnered to create a new platform for automakers for connected cars Read Post »

Strategy Analytics: Qualcomm’s automotive revenue reached approximately $1.5 billion in 2022

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Strategy Analytics, a market research and consulting organization, released a report pointing out that the automotive field is one of Qualcomm’s fastest growing businesses. Qualcomm reached approximately $1.5 billion in automotive revenue in calendar year 2022, accounting for about a quarter of the total revenue in the field. By 2031, automotive revenue will grow at a CAGR of 25% to more than $9 billion.

Strategy Analytics: Qualcomm’s automotive revenue reached approximately $1.5 billion in 2022 Read Post »

Mobileye expects revenue from assisted driving products to reach $17 billion by 2030

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Intel’s self-driving company Mobileye Global said Thursday that its advanced driver assistance systems (ADAS) products will generate more than $17 billion in revenue by 2030. Mobileye said it will continue to test its self-driving car technology in 2023, expecting to reach 1.2 million vehicles based on its latest SuperVision product by 2026.

Mobileye expects revenue from assisted driving products to reach $17 billion by 2030 Read Post »

Tigress Financial: Reiterating Apple’s (NASDAQ:AAPL) Strong Buy rating with a price target of $210

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Tigress Financial analyst Ivan Feinseth told investors in a research note that Apple’s recent production headwinds provide investors with a long-term buying opportunity. The analyst said the company’s “large” installed user base, expanding ecosystem and growing service revenue will continue to drive accelerating trends and create greater shareholder value. He said that Apple is still innovating, constantly introducing new products and preparing to launch a mixed reality headset in early 2023. The analyst reiterated a strong buy rating on the stock, with a $210 price target.

Tigress Financial: Reiterating Apple’s (NASDAQ:AAPL) Strong Buy rating with a price target of $210 Read Post »

Jefferies: Maintain Salesforce (NYSE:CRM) with a buy rating and a $230 price target

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After Salesforce (NYSE:CRM) announced its restructuring plan, including cutting about 10 percent of its workforce, Jefferies analyst Brent Thill said he saw the plan as “a step in the right direction” that would lead to higher medium-term profit margins. He added that management is expected to provide more information on the impact of the macro environment when it provides initial guidance for fiscal 2024 next quarter. The analyst believes that Wall Street’s 10.5% growth forecast for its fiscal 2024 is still too high, but buyers’ expectations have been diluted. He forecasts a top-line compound growth rate of 15% to $46 billion through fiscal 2026, maintaining a buy rating and $230 price target on the stock.

Jefferies: Maintain Salesforce (NYSE:CRM) with a buy rating and a $230 price target Read Post »

Apple Reportedly to Replace Broadcom Chips, Qualcomm Parts With Its Own Components

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Apple (NASDAQ:AAPL) reportedly plans to replace Broadcom chips used in its devices with in-house designed parts in 2025, Bloomberg reported, citing unidentified people familiar with the matter. A combined Wi-Fi and Bluetooth chip would replace Broadcom’s parts, the report said. The company also targets to swap out electronics from Qualcomm Inc. after preparing its first cellular modem chip by the end of 2024, or early 2025, Bloomberg added. Apple is Broadcom’s largest customer and represented 20% of the chipmaker’s revenue in the last fiscal year, accounting for about $7 billion. Up to 22%, or $10 billion, of Qualcomm’s annual sales, are linked to Apple. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Apple Reportedly to Replace Broadcom Chips, Qualcomm Parts With Its Own Components Read Post »

DA Davidson expects Applied Materials’s (NASDAQ:AMAT) EPS of $1.93 for Q1 2023

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3/1/2023 DA Davidson analyst H. Chung expects that the manufacturing equipment provider will post earnings per share of $1.93 for the quarter. DA Davidson has a “Buy” rating on the stock. The consensus estimate for Applied Materials’ current full-year earnings is $6.82 per share. DA Davidson also issued estimates for Applied Materials’ FY2023 earnings at $6.98 EPS and FY2024 earnings at $6.64 EPS.

DA Davidson expects Applied Materials’s (NASDAQ:AMAT) EPS of $1.93 for Q1 2023 Read Post »

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