Semiconductor demand continues to be weak The industry expects demand to pick up after 2-3 quarters

/ / Technology

Recently, the market has reported that the demand for mobile phone SoC design manufacturers has slowed down, and the strategy of back-end packaging and testing foundries such as ASE and Jingyuan Electric to assist customers in stacking unfinished packaging wafers and not conducting finished product testing (FT) continues. The senior management of the unnamed IC channel vendor said that the current demand for mobile application processors in the non-Apple camp, as well as previously relatively robust network chips such as Wi-Fi SoCs, continues to be weak. The senior management of another large IC channel vendor revealed that September 2022 is the most severe time for the inventory of the channel side, but IC designers have recently slowed down the upstream chip volume, and the system-side chip inventory has gradually deteriorated, although it is relatively slow, it is estimated that after 2~3 quarters, it is expected that demand can gradually warm […]

Semiconductor demand continues to be weak The industry expects demand to pick up after 2-3 quarters Read Post »

Not afraid of the “doomsday” atmosphere? Amazon: Even if the U.S. recession is in the U.S., the company won’t be too painful

/ / Consumer Discretionary /

In a monthly survey, 70% of economists believe that there will be a recession in the United States in the first half of 2023. But Amazon doesn’t expect a recession. The firm’s economists put the probability of a U.S. recession in the next six months at just 30 percent. In addition, Amazon’s economists believe that if a recession does occur, the company will not suffer much, because 60% of the company’s revenue comes from high-income consumer groups, which are less affected by high unemployment and other consequences of the recession.

Not afraid of the “doomsday” atmosphere? Amazon: Even if the U.S. recession is in the U.S., the company won’t be too painful Read Post »

The winter storm has led to a significant reduction in U.S. energy supplies

/ / Energy

Due to snowstorms and sharp temperature drops, some local power generation facilities failed, resulting in a sharp increase in electricity demand. The U.S. Department of Energy declared an energy emergency in Texas. In addition to electricity, U.S. natural gas supplies are also stretched. The snowstorm caused the natural gas pipeline to freeze, and many natural gas wells were forced to stop production. According to Bloomberg, the current decline in U.S. natural gas production is at an all-time high. Meanwhile, domestic demand for natural gas in the United States reached its highest level in nearly four years.

The winter storm has led to a significant reduction in U.S. energy supplies Read Post »

UBI Research:The overall mobile OLED parts market is expected to be worth $13.91 billion in 2023

/ / Technology /

According to UBI Research, the overall mobile OLED parts material market is expected to be $13.91 billion in 2023 and is expected to grow to $16.73 billion by 2027, with an average annual growth rate of 4.6%. In addition, from 2025, flexible OLED (including folding OLED) will account for ninety percent of the overall mobile OLED market.

UBI Research:The overall mobile OLED parts market is expected to be worth $13.91 billion in 2023 Read Post »

Sales of semiconductor equipment in Japan rose nearly 20% year-on-year in November, reaching the fourth highest monthly record

/ / Technology /

According to statistics released by the Japan Semiconductor Manufacturing Equipment Association (SEAJ), sales of semiconductor equipment made in Japan (three-month moving average) increased by 19.1% year-on-year to 335.495 billion yen in November 2022, showing growth for the 23rd consecutive month and setting the fourth highest monthly record. From January to November 2022, cumulative sales of semiconductor equipment in Japan reached 3,545,103 million yen, a year-on-year increase of 27.8%, and sales reached a record high in the same period of the previous year.

Sales of semiconductor equipment in Japan rose nearly 20% year-on-year in November, reaching the fourth highest monthly record Read Post »

TrendForce：It is predicted that the spread between large-size OLED and LCD will narrow to 3.8 times in the second quarter of next year

/ / Technology /

Recently, it was said that the price of large-size OLED panels for 55-inch ultra-high-definition TVs in the second quarter of next year is estimated to be about $300, while the price of large-size LCD panels will be around $80. According to this forecast, the price difference between OLED and LCD for TV will narrow to 3.8 times in the second quarter of next year. It is said that with the gradual decline of large-size OLED prices, the price gap with large-size LCD that has bottomed out will narrow. The 3.8 times spread is slightly lower than the 4.8 times in the first three quarters, but it is still large compared with last year’s decline to 1.8 times.

TrendForce：It is predicted that the spread between large-size OLED and LCD will narrow to 3.8 times in the second quarter of next year Read Post »

Bloomberg spokesperson: No intention to buy Dow Jones or The Washington Post

/ / Consumer Discretionary

Bloomberg News spokeswoman Ty Trippet tweeted on December 25 that Bloomberg had no intention of buying Dow Jones & Co. or The Washington Post and “has not had conversations with anyone or any organization about the acquisition.” Bloomberg owner and billionaire Michael Bloomberg retweeted the tweet.

Bloomberg spokesperson: No intention to buy Dow Jones or The Washington Post Read Post »

Deutsche Bank: Tesla (TSLA. O) Lowered price target to $270 from $355 Maintain Buy rating

/ / Consumer Discretionary / ,

2022.12.21 Deutsche Bank analyst Emmanuel Rosner puts Tesla (TSLA. O) lowered its price target to $270 and reiterated its buy rating. Analysts lowered Tesla’s Q4 delivery forecast to 420,000 units, reflecting macro weakness in some markets and the postponement of deliveries to Q1 2023 for some U.S. consumers to benefit from incentives from the Inflation Reduction Act. At the same time, Rosner lowered its gross margin forecast to a 30 basis point decline from a 100 bps sequentially higher price, reflecting sequential improvements in plant costs, largely offset by recent price cuts and incentives. That lowered its Q4 EPS forecast to $1.05 from $1.18, also down from the current Wall Street estimate of $1.25. Tesla “remains in the best position to respond to current macroeconomic conditions, using price to support volume growth and using various cost levers to protect margins.” He lowered his price target to reflect Tesla’s “recent challenges,

Deutsche Bank: Tesla (TSLA. O) Lowered price target to $270 from $355 Maintain Buy rating Read Post »

Morgan Stanley: Micron Technology (MU. O) Price target to $46 from $49

/ / Technology / ,

2022.12.22 Morgan Stanley: Micron Technology (MU. O) Price target to $46 from $49. Micron Technology, Inc.(Nasdaq: MU) stock trading strategy: 2022.12.23 From the stock technical graph analysis, the stock price has not fallen below the previous stage low of $48.33 even under the background of the financial report falling less than expected and the NASDAQ index plummeting, short-term buying support is strong, aggressive investors can back $48 high selling low or holding positions, stop loss price of $47, stock price stop falling and rise and close price higher than 47 yuan when the cover is made, it is not recommended for prudent investors to buy the bottom of the transaction. From a fundamental perspective, operating income for the first quarter of fiscal 2023 was $4.085 billion, market expectations were $4.12 billion, YoY-46.86%, net income attributable to common shareholders was -$195 million, prior-$2.306 billion, and EPS was -$0.18 vs. $2.04 previously.

Morgan Stanley: Micron Technology (MU. O) Price target to $46 from $49 Read Post »

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