Covello said that Apple foundry work by Intel would be a negative.
Covello said that Apple foundry work by TSM would be a positive.
He speaks with a split tongue :o)
The Covello position is very confusing when you try to check his math. He confuses CORRELATION with CAUSATION. Just because the gross margin and the stock price have "sort of" tracked for the last 10 years, he assumes their is a causal relationship.
I think he does not really care whether it makes sense or not - Covello as an individual investor would be broke if he indeed would follow his own advise.
There are a lot of shorts that jump on GS band wagon - this board is a prime example
It's all about GS money backing whatever he says ...but there is always a faster gun
(for years GS terrorized the world with its oil super spike tallk)
Of course we don't really whether GS really follows their own advise
We believe Intel should pursue its open foundry strategy over its mobile strategy, given its edge in manufacturing
Didn't he say quite the opposite with respect to Apple - didn't he say Apple foundry business would be negative?
"Last week at CES, we hosted Intel president Renee James for what we believe was the most open, engaging and friendly strategic dialogue we have had with the company in 10 years"
Looks like B.K. and management keep an open mind -
but looks like they are talking to a brick wall. so overall NO change in Intel/GS relationship
I wonder how profitable GS Intel trading business is
what amazes me the most is that he continues to burn his bridges with a $16 price target
Intel just needs to continue to deliver bit by bit
The real question is why does Wall St. give INTC a PE of 13 while they give others in tech a20 or better PE. ie BRCM=33/ARMH=91/QCOM=19/NVDA=20 etc to name a few.
Because they believe pushing Moore's Law is NO big deal - they basically take it for granted extrapolating from the past .and just being fabless seems to bump up the PE by several points (look at price spread TSMC versus INTEL and ask yourself why is TSMC doing relatively "poorly"
I think most recent price reaction by Micron shows that the market is everything but ahead of the curve
" Integrating baseband simply achieves parity and that's not an advantage"
Has nothing to do with integrating baseband
It's EXACTLY why ALTR selected Intel -
how come nobody posted this?
Intel applying the fabless model ....LOL... I love it
Intel reportedly places 28nm chip orders with TSMC, Globalfoundries and UMC
Bits + chips | Jan 9, 20:10
Intel has contracted Taiwan Semiconductor Manufacturing Company (TSMC) to manufacture its forthcoming Atom mobile processor series codenamed SoFIA, and also placed orders for entry-level baseband chips with Globalfoundries and United Microelectronics (UMC), according to industry sources.
have a come-to-Jesus moment?
An epiphany in which one realizes the truth of a matter; a sudden, intuitive perception of or insight into the reality or essential meaning of some.
Why did ARMH go up on Intel investor day?
very, very strange
did they really believe Intel is going to fab for NVDA et al ?
I noticed A.E. is the applying the same technique as Nenni in order to lure in "clicks" - I bet Nenni has plenty of data (from his web site) what kind of headline sells and which one does not.
Did Alexander get the info from Nenni ? I don't think so
so is TSMC - GS conviction buy is getting closer to the 52 week low
somebody must know something
they are between rock and hard place - they should lower capex but they can't
I wonder how many followed GS conviction buy rating only to get screwed
wonder what TSMC is going to charge for 20nm wafers ....
"They will be shipping 14nm ARM 64 CPU samples in Q1."
My way of " hedging " - ASML also reports next week:
If EUV can’t be brought online in the near future, the major semiconductor manufacturers will be talking about quad-patterning by 14-16nm — and that’s enough of a cost increase that it could seriously damage the foundry model altogether. As the number of patterns increases, the chance of a mistake in mask-switching is higher, and with the space between transistors shrinking, even a tiny mistake will cause unsustainable defects.....
EUV’s wavelength, at 135nm, allows for single-patterning again — at least, for a little while. At 7nm, double-pattern EUV may be required, but that’s far enough ahead that Intel can afford to push it back. The biggest problem with double patterning, in the end, is that it’s very much an interim solution. We were never supposed to get stuck on 193nm for as long as we have; Intel was researching 157nm lithography when it began deploying 193nm back in 2003. Problems with scaling and production ultimately killed 157nm, EUV lithography faces serious ramp issues, and none of the alternative lithography approaches have proven commercially viable.
Dated July 2013 from
Seeing double: TSMC adopts new lithography technique to push Moore’s law to 20nm
Intel has its ducks in a row for 10nm
Worldwide sales of semiconductors reached US$27.24 billion for the month of November 2013, an increase of 6.8% over November 2012 when sales were US$25.51 billion and an uptick of 0.6% over the previous month's total, according to SIA.
The global semiconductor industry notched its ninth consecutive month of increasing sales in November, led largely by the Americas which grew by 18.6% on year and 4.2% on month, SIA noted.
"Buoyed by sustained growth in the Americas and Asia Pacific and a recent rebound in Europe and Japan, the global semiconductor industry has shown increasing strength in 2013 and is on pace for record revenue," said Brian Toohey, president and CEO of SIA. "With solid momentum across all regions and most product categories, the industry is well-positioned for a strong start to the new year."
Regionally, sequential monthly sales increased in the Americas (4.2%), Europe (2.0%) and Japan (0.1%), but fell slightly in Asia Pacific (-1.0%). Compared to November 2012, sales increased in the Americas (18.6%), Europe (10.9%) and Asia Pacific (5.5%). Sales in Japan decreased (-8.8%) compared to November 2012, in part due to the devaluation of the Japanese yen, but the region has been closer to last year's pace in recent months.
Intel and AMD do not provide data to SIA
certainly Micron's strength is reflected in the data
BTW: one can take advantage of Intel trading pattern - they move it up and down on "fumes" - probably stopping daytraders (on both sides) out
some #$%$ downgraded LRCX a couple days ago - said that SOXX was up 40% -
more gut-wrenching insult than what the likes of junkie throws at me.
get a job in the real semi world - you either swim or sink like a stone -
I think I treated you fairly politely - I used to work in what is considered THE throat cutting industry - chip equipment
And I also worked as a equipment supplier for Intel.
if you can not handle this you will be dead meat in the real semi world
the world ports to arm?
ARM was praised as the "liberator" - any Mickey Mouse design shop could challenge Intel.... that was the original concept....correct? ( later G61 discovered that only the winners would design their own cores; nevertheless he (still) believes Intel would fab for the ARM winners)
MANUFACTURING is NOT a dirty word like WS and in particular Goldman wants you to believe,
Thank God that Intel refused to obey/kissing WS arsch and DID NOT back off with regards to manufacturing
Capex/Maufacturing is and will become increasingly THE differentiator.
Sorry G61 Intel will not fab for NVDA et al
Are you the nerd that tries to talk big about technical garbage nobody cares about on a Stock Board?
did you read GF's assessment about 450mm manufacturing?
That's what I consider real "Insider Knowledge"
contractors (in particular the ones that deal with facilities) have an excellent knowledge -
glad to hear business is good
Investment in the upcoming 450mm wafer production is becoming a reality as well.
Novellus System a key tool supplier (now merged with LRCX) placed its manufacturing/assembly site in Portland - no coincidence