Offshore
Photo
Michael Fritzell (Asian Century Stocks)
Insider buying/selling in Samsung Electronics. Source: Smart Insider https://t.co/3PtRpZRVck
tweet
Insider buying/selling in Samsung Electronics. Source: Smart Insider https://t.co/3PtRpZRVck
tweet
Offshore
Photo
Michael Fritzell (Asian Century Stocks)
Two rules being a sell side analyst:
1. If you can’t say anything positive, don’t say anything at all
2. Go with the flow of the other analysts, rather than trying to be contrarian
https://t.co/ZmD3GZ8a9I
tweet
Two rules being a sell side analyst:
1. If you can’t say anything positive, don’t say anything at all
2. Go with the flow of the other analysts, rather than trying to be contrarian
https://t.co/ZmD3GZ8a9I
tweet
The Transcript
RT @TheTranscript_: $INTC CEO: Intel's foundry scale-up will be signaled by ramp up in CapEx.
“I'm not going to announce any customer... When you see me starting to put money into… CapEx equipment… it means I have real customer I've committed to it. That's kind of discipline I have.”"
tweet
RT @TheTranscript_: $INTC CEO: Intel's foundry scale-up will be signaled by ramp up in CapEx.
“I'm not going to announce any customer... When you see me starting to put money into… CapEx equipment… it means I have real customer I've committed to it. That's kind of discipline I have.”"
tweet
Offshore
Photo
Michael Fritzell (Asian Century Stocks)
RT @MikeZaccardi: Nikkei creeping up on 60k https://t.co/bj3QTioDTB
tweet
RT @MikeZaccardi: Nikkei creeping up on 60k https://t.co/bj3QTioDTB
tweet
Offshore
Photo
Michael Fritzell (Asian Century Stocks)
RT @smartkarma: @IMFNews @Barchart 4. Taiwan: Real GDP Growth (via @MacroMicroMe) https://t.co/oRdJbEEl6g
tweet
RT @smartkarma: @IMFNews @Barchart 4. Taiwan: Real GDP Growth (via @MacroMicroMe) https://t.co/oRdJbEEl6g
tweet
Michael Fritzell (Asian Century Stocks)
RT @abroninvestor: Seriously fascinating situation. Sell side analysis is pitiful. For CHF10bn equity cap you get CH2.7bn of pure gold, 4bn of property 1.2bn of cash/secs so the finished inventory & brands & 1438store network arguably priced at CF2.1bn. Long
tweet
RT @abroninvestor: Seriously fascinating situation. Sell side analysis is pitiful. For CHF10bn equity cap you get CH2.7bn of pure gold, 4bn of property 1.2bn of cash/secs so the finished inventory & brands & 1438store network arguably priced at CF2.1bn. Long
The only thing you need to know: the most shorted stock in Europe. That says it all…. $UHR.SW
https://t.co/zc0c4NU09q tweet
X (formerly Twitter)
Steven Wood (@GWInvestors) on X
The only thing you need to know: the most shorted stock in Europe. That says it all…. $UHR.SW
https://t.co/zc0c4NU09q
https://t.co/zc0c4NU09q
Offshore
Photo
Jukan
RT @NVIDIAKorea: @SKhynix 와 NVIDIA는 AI Physics를 통해 반도체 기술 개발을 가속하고 있습니다. 🦾
NVIDIA의 PhysicsNeMo 프레임워크를 활용함으로써, SK하이닉스의 엔지니어들은 자체 AI 모델 개발 속도를 높여 디바이스 설계와 제조 과정에서 혁신적인 도구를 구현할 수 있는 가능성을 열고 있습니다.
블로그 읽기: https://t.co/E9d82PEQDt
#SEMICONKorea
tweet
RT @NVIDIAKorea: @SKhynix 와 NVIDIA는 AI Physics를 통해 반도체 기술 개발을 가속하고 있습니다. 🦾
NVIDIA의 PhysicsNeMo 프레임워크를 활용함으로써, SK하이닉스의 엔지니어들은 자체 AI 모델 개발 속도를 높여 디바이스 설계와 제조 과정에서 혁신적인 도구를 구현할 수 있는 가능성을 열고 있습니다.
블로그 읽기: https://t.co/E9d82PEQDt
#SEMICONKorea
tweet
Offshore
Photo
Michael Fritzell (Asian Century Stocks)
RT @esaagar: 18 million Americans are smoking weed 21+ days a month
This is a full blown addiction crisis that even the NYT now says: "It’s Time for America to Admit That It Has a Marijuana Problem" https://t.co/FRGWFg6Bt3
tweet
RT @esaagar: 18 million Americans are smoking weed 21+ days a month
This is a full blown addiction crisis that even the NYT now says: "It’s Time for America to Admit That It Has a Marijuana Problem" https://t.co/FRGWFg6Bt3
tweet
Offshore
Photo
Clark Square Capital
RT @ClarkSquareCap: There are about 400 ideas to sort through, including divestments, M&A, IPOs, rights offerings, and spin-offs. So there's something for everyone. Be sure to check it out.
Feedback welcome!
tweet
RT @ClarkSquareCap: There are about 400 ideas to sort through, including divestments, M&A, IPOs, rights offerings, and spin-offs. So there's something for everyone. Be sure to check it out.
Feedback welcome!
Sharing a new project: the Special Situations Digest.
Check out the (free) link below. https://t.co/NT0wb21Sxl tweet
Offshore
Photo
Jukan
Samsung Secures 8nm Foundry Orders in Europe Following U.S. and Japan… Large-Scale Supply Expected This Year
Samsung Electronics, having attracted major foundry (semiconductor contract manufacturing) clients from the U.S. and Japan last year, is now building its customer base in the European market this year. Some companies that have been receiving chips from Samsung's foundry division last year are expected to ramp up production volumes this year after completing process stability and quality testing.
According to industry sources on the 10th, German fabless (semiconductor design) company Ubitium, which has been receiving 8nm chip prototypes from Samsung Electronics, is reportedly set to sign a large-scale mass production contract by March this year after completing performance and quality testing. As Ubitium's requested volume has increased, Samsung Electronics is also reviewing options to supply greater quantities than before, including increasing the number of MPW (Multi-Project Wafer) production runs — typically conducted three times a year — or supplying chips from a separate production line.
MPW is a method of producing prototypes by integrating multiple chip designs onto a single wafer. It is used when clients need to fabricate prototypes. Last year, MPW production was conducted four times annually for 4nm, three times for 5nm, and three times for 8nm. However, with growing demand for 8nm chips — which offer excellent price-to-performance ratios and proven quality stability — analysts say three runs per year are no longer sufficient to meet demand.
In addition to Ubitium, companies such as Nintendo and Intel are receiving chips from Samsung's 8nm process. Nintendo is using Samsung foundry 8nm chips in the Switch 2, which has surpassed cumulative sales of 155 million units to date, while Intel is also expected to begin sourcing its Platform Controller Hub (PCH) chips from Samsung's foundry lines starting this year.
Nvidia has also reportedly commissioned Samsung Electronics to produce additional low-cost 8nm GPUs beyond the Switch 2 graphics processing units (GPUs). As PC memory prices have surged and console devices absorb demand from PC gaming, sales of the Switch 2 and other older-generation consoles are expected to continue growing this year.
A key factor behind Samsung Electronics' successive recruitment of European fabless companies as clients has been its increasingly robust collaboration with design house partners (DSPs). In particular, AD Technology, one of its largest partners, is known to have played a deeply involved role in the Ubitium chip contract manufacturing process, helping to close the deal. This contract is expected to generate revenue of at least tens of billions of won in the short term, potentially reaching 100 billion won over the mid-to-long term, laying the groundwork for future growth.
Industry observers note that for Samsung's foundry division to land even bigger deals from small and mid-sized clients — not just large ones — closer collaboration with design house partners is essential. TSMC, the world's largest foundry company, has also expanded its order pipeline and strengthened its domestic foundry ecosystem through a network of approximately 230 design houses led by Global Unichip Corporation (GUC).
tweet
Samsung Secures 8nm Foundry Orders in Europe Following U.S. and Japan… Large-Scale Supply Expected This Year
Samsung Electronics, having attracted major foundry (semiconductor contract manufacturing) clients from the U.S. and Japan last year, is now building its customer base in the European market this year. Some companies that have been receiving chips from Samsung's foundry division last year are expected to ramp up production volumes this year after completing process stability and quality testing.
According to industry sources on the 10th, German fabless (semiconductor design) company Ubitium, which has been receiving 8nm chip prototypes from Samsung Electronics, is reportedly set to sign a large-scale mass production contract by March this year after completing performance and quality testing. As Ubitium's requested volume has increased, Samsung Electronics is also reviewing options to supply greater quantities than before, including increasing the number of MPW (Multi-Project Wafer) production runs — typically conducted three times a year — or supplying chips from a separate production line.
MPW is a method of producing prototypes by integrating multiple chip designs onto a single wafer. It is used when clients need to fabricate prototypes. Last year, MPW production was conducted four times annually for 4nm, three times for 5nm, and three times for 8nm. However, with growing demand for 8nm chips — which offer excellent price-to-performance ratios and proven quality stability — analysts say three runs per year are no longer sufficient to meet demand.
In addition to Ubitium, companies such as Nintendo and Intel are receiving chips from Samsung's 8nm process. Nintendo is using Samsung foundry 8nm chips in the Switch 2, which has surpassed cumulative sales of 155 million units to date, while Intel is also expected to begin sourcing its Platform Controller Hub (PCH) chips from Samsung's foundry lines starting this year.
Nvidia has also reportedly commissioned Samsung Electronics to produce additional low-cost 8nm GPUs beyond the Switch 2 graphics processing units (GPUs). As PC memory prices have surged and console devices absorb demand from PC gaming, sales of the Switch 2 and other older-generation consoles are expected to continue growing this year.
A key factor behind Samsung Electronics' successive recruitment of European fabless companies as clients has been its increasingly robust collaboration with design house partners (DSPs). In particular, AD Technology, one of its largest partners, is known to have played a deeply involved role in the Ubitium chip contract manufacturing process, helping to close the deal. This contract is expected to generate revenue of at least tens of billions of won in the short term, potentially reaching 100 billion won over the mid-to-long term, laying the groundwork for future growth.
Industry observers note that for Samsung's foundry division to land even bigger deals from small and mid-sized clients — not just large ones — closer collaboration with design house partners is essential. TSMC, the world's largest foundry company, has also expanded its order pipeline and strengthened its domestic foundry ecosystem through a network of approximately 230 design houses led by Global Unichip Corporation (GUC).
tweet
Offshore
Photo
Jukan
Samsung's HBM4 Quality Testing on Track… When Will SK Hynix Follow?
Samsung Electronics will begin shipping High Bandwidth Memory 4 (HBM4) next week. If everything proceeds as planned, this will be the industry's first mass-production shipment. All volumes delivered to clients to date have been at the sample stage.
Despite this, SK Hynix is expected to maintain its advantage through the 6th-generation HBM4. SK Hynix is also expected to deliver within the first quarter. However, starting with the 7th-generation HBM4E, the situation could potentially reverse.
According to industry sources on the 9th, Samsung Electronics is in the final stages of preparation, targeting HBM4 shipment on the 19th of this month. The products will be delivered to major clients including Nvidia.
However, quality testing has reportedly not yet been passed. Samsung Electronics expects test results to come in next week and has preemptively begun preparation work in anticipation.
The industry is already treating Samsung's HBM4 supply to Nvidia as a foregone conclusion. With competitor Micron's HBM4 supply expected to face difficulties, observers note that Samsung's opportunities could grow even further.
Samsung's rapid HBM4 development was largely driven by the adoption of 10nm-class 6th-generation (1c) DRAM as the core die and a base die built on 4nm process technology.
This enabled Samsung to meet the operating speed and product specifications demanded by Nvidia. Nvidia has continuously pushed for higher HBM specifications during the development of its new AI accelerator, "Vera Rubin." Samsung was able to respond without difficulty, having designed the product with higher specs from the outset.
Samsung's HBM4 has achieved operating speeds exceeding 11Gbps, which is evaluated as superior to competitors in terms of speed. Thermal management performance has also reportedly improved significantly.
Competitor SK Hynix is also finalizing related work with a target of shipping HBM4 within the first quarter. Products are expected to ship by the end of March at the latest.
Despite Samsung's preemptive HBM4 shipment, the market still expects SK Hynix to maintain its lead in HBM4 market share. This is because SK Hynix already secured a substantial volume commitment in its contract with Nvidia last year.
SK Hynix also holds a relative advantage in terms of volume response capability. SK Hynix uses 10nm-class 5th-generation (1b) DRAM as its HBM4 core die, enabling rapid production from existing lines. In contrast, Samsung uses 1c DRAM for its HBM4 core die, meaning capacity expansion is inevitable for additional supply. Samsung's 1c DRAM capacity is currently estimated at 60,000 to 70,000 wafers per month.
A semiconductor industry insider said, "We understand that SK Hynix will take more than 60% of HBM4 volumes destined for Nvidia this year," adding, "Since HBM contracts are typically made on an annual basis, this structure will likely continue throughout the year." The source added, "With Micron appearing to lose ground in the HBM4 market, there are predictions that Samsung could secure a 30–40% market share."
Meanwhile, the industry expects Samsung to significantly expand its market share starting with HBM4E, when demand for custom HBM begins in earnest. Custom HBM refers to products being developed to reflect diverse customer requirements — such as capacity, bandwidth, and additional features — beyond conventional general-purpose HBM. The first products expected to launch are custom HBMs featuring each client's desired intellectual property (IP) integrated into the logic die.
tweet
Samsung's HBM4 Quality Testing on Track… When Will SK Hynix Follow?
Samsung Electronics will begin shipping High Bandwidth Memory 4 (HBM4) next week. If everything proceeds as planned, this will be the industry's first mass-production shipment. All volumes delivered to clients to date have been at the sample stage.
Despite this, SK Hynix is expected to maintain its advantage through the 6th-generation HBM4. SK Hynix is also expected to deliver within the first quarter. However, starting with the 7th-generation HBM4E, the situation could potentially reverse.
According to industry sources on the 9th, Samsung Electronics is in the final stages of preparation, targeting HBM4 shipment on the 19th of this month. The products will be delivered to major clients including Nvidia.
However, quality testing has reportedly not yet been passed. Samsung Electronics expects test results to come in next week and has preemptively begun preparation work in anticipation.
The industry is already treating Samsung's HBM4 supply to Nvidia as a foregone conclusion. With competitor Micron's HBM4 supply expected to face difficulties, observers note that Samsung's opportunities could grow even further.
Samsung's rapid HBM4 development was largely driven by the adoption of 10nm-class 6th-generation (1c) DRAM as the core die and a base die built on 4nm process technology.
This enabled Samsung to meet the operating speed and product specifications demanded by Nvidia. Nvidia has continuously pushed for higher HBM specifications during the development of its new AI accelerator, "Vera Rubin." Samsung was able to respond without difficulty, having designed the product with higher specs from the outset.
Samsung's HBM4 has achieved operating speeds exceeding 11Gbps, which is evaluated as superior to competitors in terms of speed. Thermal management performance has also reportedly improved significantly.
Competitor SK Hynix is also finalizing related work with a target of shipping HBM4 within the first quarter. Products are expected to ship by the end of March at the latest.
Despite Samsung's preemptive HBM4 shipment, the market still expects SK Hynix to maintain its lead in HBM4 market share. This is because SK Hynix already secured a substantial volume commitment in its contract with Nvidia last year.
SK Hynix also holds a relative advantage in terms of volume response capability. SK Hynix uses 10nm-class 5th-generation (1b) DRAM as its HBM4 core die, enabling rapid production from existing lines. In contrast, Samsung uses 1c DRAM for its HBM4 core die, meaning capacity expansion is inevitable for additional supply. Samsung's 1c DRAM capacity is currently estimated at 60,000 to 70,000 wafers per month.
A semiconductor industry insider said, "We understand that SK Hynix will take more than 60% of HBM4 volumes destined for Nvidia this year," adding, "Since HBM contracts are typically made on an annual basis, this structure will likely continue throughout the year." The source added, "With Micron appearing to lose ground in the HBM4 market, there are predictions that Samsung could secure a 30–40% market share."
Meanwhile, the industry expects Samsung to significantly expand its market share starting with HBM4E, when demand for custom HBM begins in earnest. Custom HBM refers to products being developed to reflect diverse customer requirements — such as capacity, bandwidth, and additional features — beyond conventional general-purpose HBM. The first products expected to launch are custom HBMs featuring each client's desired intellectual property (IP) integrated into the logic die.
tweet