|Bid||61,300.00 x 0|
|Ask||61,400.00 x 0|
|Day's Range||61,000.00 - 62,000.00|
|52 Week Range||40,850.00 - 62,000.00|
|Beta (5Y Monthly)||0.95|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||1,416.00 (2.31%)|
|Ex-Dividend Date||Sep 27, 2019|
|1y Target Est||N/A|
CES is finally over, but there’s no time to rest if you’re a mega-corporation like Samsung. The company just revealed two new smartphones in Las Vegas (including a best of CES winner), but now we're getting details about devices that Samsung is expected to show off before our next big trade show, MWC. The Galaxy S20 should be Samsung's new flagship line, and they are also expected to announce a new foldable, the Galaxy Z Flip.
Leaked photos of Samsung's next flagship phone are causing a stir in the tech community. Yahoo Finance Tech Editor Dan Howley joins The Final Round to discuss the leak, what it reveals, and how the upcoming device could compete with rival brands.
At Samsung's Developer Conference in San Jose, the company gave us a first look at its One UI 2 mobile phone operating system, a Galaxy Fold compact design and a whole new line of Galaxy notebooks.
This might be the biggest screen you have ever seen.... In this year's consumer technology expo in Las Vegas, tech companies are competing for new screen technology. Samsung revealed a 292-inch television calling it "The Wall". CNET's Editor-in-chief Connie Guglielmo says this product opens doors for giant TV screens with high resolution. (SOUNDBITE) (English) CNET EDITOR-IN-CHIEF CONNIE GUGLIELMO SAYING: "We're seeing massive television sets that you might not buy or I might not buy, I mean, talking about the size of walls, but what that tells us is that in the future, the ability to manufacture those things on a large scale is possible." Rotating screens are also on display in this year's Consumer Electronics Show. Then there is the Sero, Samsung's latest gizmo - a TV designed for the mobile generation. The screen automatically flips from a standard wide-screen TV into vertical portrait mode as you rotate your phone. Samsung's National Product Trainer Jason Baruck says consumers would be able to view videos on mobile apps. (SOUNDBITE) (English) JASON BARUCK, NATIONAL PRODUCT TRAINER, HOME ENTERTAINMENT, SAMSUNG, SAYING: "Now we're looking at having a product meant for a completely different user -- the Millennial, the heavy social media connoisseur, and the person who's very attached to their mobile device." Then there's the world's first foldable Windows machine. Lenovo pioneered the ThinkPad X1 - a desktop computer, laptop and a tablet - all in one. The company's Segment manager Mike Ripp explains how the gadget folds. (SOUNDBITE) (English) MIKE RIPP, X1 SEGMENT MANAGER AT LENOVO, SAYING: "If I'm in other situations where it's a little bit tight for space or something like that, you know, I don't necessarily need the keyboard. I can fold it and now I have a smaller laptop that I can use on my lap. The foldable PC is expected to be on sale later this year and will retail for just under 2,500 US dollars. Chinese technology company Royole also turned heads, unveiling its 'AMOLED' ultra-thin flexible screen that can be attached to everything from handbags and top hats to a smartspeaker. Industry experts say these new screens are not ready for mainstream yet but companies are definitely trying to bring these prototypes into our homes.
Engadget Editor-in-Chief Dana Wollman joins Yahoo FInance’s Seana Smith to discuss some of the latest and greatest tech products at the Consumer Electronics Show.
Qualcomm (NASDAQ:QCOM) stock price had a stellar 2019, as it was up about 59%. In the first two weeks of the new year, QCOM stock has extended that run, up another 3%.Source: nikkimeel / Shutterstock.com San Diego-based Qualcomm is the world's largest maker of mobile chipsets and wireless modems. It's expected to release Q1 2020 earnings results on Feb. 5. Ultimately, investors should always base their decisions on individual risk/return profiles. Yet due to the impressive increase in the QCOM share price, investors with paper profits may now want to ring the cash register. Those who do not own Qualcomm stock may consider buying into the company at any upcoming dip. What to Expect from QCOM Stock's Next EarningsThe chip giant is best known for the Snapdragon suite of system-on-chip (SoC) semiconductor products, which underpin smartphones. In 2019, as the leading supplier of mobile SoCs, weak smartphones sales have been a major concern for the company. Nonetheless, the QCOM shareholders have looked past the soft sales and pushed the stock price to a recent 52-week $94.11 high.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWhen the company reports Q1 earnings, analysts will analyze three segments: * QCT (Qualcomm CDMA Technologies): semiconductor business, about 60% of revenue; * QTL (Qualcomm Technology Licensing): licensing business, about 19% of revenue; and, * QSI (Qualcomm Strategic Initiatives): makes strategic investments, about 1% of revenue.Although QCT provides Qualcomm with most of the revenue through sale of mobile chipsets, wireless patents provide most of the profits. Put another way, QCOM stock's higher-margin licensing unit supports the growth of its lower-margin chipmaking business.Many other companies, including tech giants such as Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), and Samsung (OTCMKTS:SSNLF), that manufacture or use chips, need to obtain a license from QCOM. According to the company, revenues from Samsung constitute more than 10% of consolidated revenues. Similarly, revenues from Hon Hai Precision Industry, which trades as Foxconn Technology Group, and other suppliers to Apple, also constitute more than 10% of consolidated revenues.And the owners of QCOM stock will likely benefit from the continued reliance of these companies on Qualcomm's intellectual property as the Southern California chipmaker is one of the leaders on the 5G front, propelling earnings growth. Major 5G Player2020 will be the year when 5G wireless technology moves to the fore. And the fifth-generation infrastructure market is expected to grow at a compound annual growth rate (CAGR) of 30% in the first half of this new decade. * 7 Stocks That Are Screaming Buys Right Now If experience and past results act as a guide for the future, Qualcomm's success in earlier 3G and 4G mobile networks will help the stock increase its bottom line.The evolution means handsets must have new chipsets that are 5G-compatible. With the smartphone upgrade cycle that is underway, many users will be purchasing a 5G-compatible device. Qualcomm management is estimating that about 200 million of those will be shipped this year.In April 2019, Intel (NASDAQ:INTC) announced that it would be leaving the market for 5G chips for mobile phones. Intel's departure leaves Qualcomm to lead this segment. When Apple debuts three 5G compatible phones later in 2020, they will all run on QCOM modems. So, too, will the new Yoga 5G personal computer from Lenovo Group (OTCMKTS:LNVGY), recently unveiled with its QCOM chips.In other words, Qualcomm is in a strong position to benefit from 5G development in the coming quarters. Autonomous Driving and QCOM StockTo be sure, 5G has not really entered our daily lives yet. When it does, it is expected to improve the network capacity and connection speed significantly. During 2019 various providers and cell phone producers that have contributed to this project have started rolling out their products and services.In addition, other emerging technologies, such as artificial intelligence (AI) autonomous driving, will likely be affected in a very big way. Earlier in January, Qualcomm announced a computing system, dubbed Snapdragon Ride, for autonomous vehicles.Within the next three year, the company is getting ready offer a platform that will be able to handle a wide range of cloud-to-car activities related to autonomous driving.In other words, 5G is likely to open up new venues for Qualcomm as the company expands its portfolio to reach out to a wide range of customers. Should You BUY QCOM Stock Now?I have been a firm believer in Qualcomm stock for over a year, now. And fundamental reasons are likely to drive QCOM shares to higher levels in the coming months, too. The company will provide a significant part of the intellectual property that will be used to develop 5G communications standards.However, given the recent increase in the QCOM share price, I do not regard it as a value proposition at this point. I'd rather wait to see the various metrics to be released in the next earnings report before buying into the stock.Yet, if you are a long-term investors whose portfolio can weather daily swings in the market, you may want to sit through any potential volatility during the earnings season. * 10 Cheap Stocks to Buy Under $10 Alternatively, you may also consider hedging your position with covered calls. For example, Feb. 21 expiry ATM calls would offer investors some downside protection as well as enable them to participate in a potential up move following the earnings release.Finally, those investors who buy into QCOM share price now would also benefit from the current dividend yield of 2.7%. Income investors know that they can compound their returns through reinvesting dividends from high-yielding stocks. Qualcomm has a history of increasing dividends and it may not ba a surprise to hear that the board increases the dividend in 2020.Longer-term, I'd expect QCOM stock price to reach $125 in two to three years.As of this writing, Tezcan Gecgil did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Up-and-Coming Small-Cap Stocks to Watch * 7 Energy Stocks to Buy on the Resurgence of the Oil Boom * 3 Standout Oil Services Stocks to Buy The post After a 62% Run-Up, Does it Make Sense to Buy Qualcomm Stock Now? appeared first on InvestorPlace.
The Bank of Korea, in its first such announcement this year, said that the "sluggishness" in the domestic economy has eased. The United States and the People's Republic of China agreement on phase one of their trade deal is set to bring further recovery to the semiconductor business, the bank said. The move is in line with wider expectations, as all but one of the 22 analysts polled earlier by Bloomberg had anticipated no rate cut from the bank.
(Bloomberg Opinion) -- Huawei Technologies Co. has become very much the U.S.’s whipping boy in the battle to nip China’s technological ascendancy in the bud. President Donald Trump’s administration has slapped sanctions and curbs on the Shenzhen-based company and lobbied allies to do the same. Last month growing resistance against Huawei among lawmakers in Germany’s governing coalition sparked threats of retaliation from the Chinese ambassador. But what’s happening next door in the Netherlands has higher stakes for China. There, Beijing’s envoy this week said there will be negative consequences if the Dutch continue to block the export of a single piece of high-tech manufacturing equipment made by ASML Holding NV. According to Reuters, the U.S. has exerted pressure to prevent the sale to a Chinese firm. But it’s not just any machine. It’s a $150 million state-of-the-art apparatus that could ensure Moore’s Law — which says that processing power doubles every 18 months — continues apace, and the microchips powering our smartphones, computers and networks get ever smaller.Like with Huawei, U.S. Secretary of State Mike Pompeo cited intelligence concerns, though Reuters didn’t specify what they are. The Hague subsequently rescinded an export license it had previously granted for the machine.Any individual nation state cutting Huawei, the world’s largest networking business, out of the supply chain for its 5G networks will of course be a blow to the Chinese firm. But the impact on China as a whole will be limited. Beijing will still be able to build its own next-generation telecommunication networks, and losing a few exports will have a minor effect on the economy as a whole. Huawei’s sales in Europe, the Middle East and Africa totaled $31 billion in 2018.A ban on buying machines from ASML is potentially far more significant, because it will hinder China’s ambitious goals to strengthen its super high-tech manufacturing industry.As far as tech giants go, ASML doesn’t have the global brand cachet of an Apple Inc., Samsung Electronics Co. or Amazon.com Inc. That’s partly because its products are two steps removed from the electronic devices that reside in consumers’ pockets, on their desktops or in their living rooms: ASML builds the machines that make the semiconductors that go into their devices. But it’s one of Europe’s biggest three technology companies, and its top customers include chipmakers Intel Corp., Samsung and Taiwan Semiconductor Manufacturing Co., which is known as TSMC and makes chips for Apple and Huawei alike.The Dutch firm stands out from rivals Nikon Corp. and Canon Inc. because it’s alone in having mastered an approach known as extreme ultraviolet lithography, which is needed for the manufacture of the next generation of chips. Lithography is the process by which circuit patterns are etched onto silicon wafers, and the EUV process will allow the printing of circuits that are more than 10 times smaller than the current standard.QuicktakeHow Chinese Technology Grew to Rival Silicon ValleySo you can see why China would be particularly interested in using ASML’s equipment. Although the country is a hub of electronics manufacturing, much of that is simply assembling iPhones, laptops, smart speakers and the like. The underlying tech is often imported, including some $200 billion-worth of semiconductors each year.Beijing wants to reduce that dependence on imports by investing $150 billion over a decade in an effort to take the lead in technology design and manufacturing. Access to machines made by ASML will be essential to achieving that. By the end of next year, as much as half of TSMC’s revenue will depend at least partly on some EUV processes, according to Bloomberg Intelligence analyst Masahiro Wakasugi. That could be $18 billion worth of chips. TSMC said on Thursday that its deployment of EUV machines was on schedule, advancing at a similar rate to earlier technologies, as it reported earnings that exceeded analyst expectations.While it could take a decade and more than one EUV machine for Chinese firms such as Semiconductor Manufacturing International Corp. to rival that, that is clearly the long-term goal. (SMIC is reportedly the company that placed the order at the heart of the current spat.)Dutch newspaper Het Financieele Dagblad reported last year that ASML was the target of theft by a rival with ties to the Chinese state, though the company later said that any “suggestion that we were somehow victim of a national conspiracy is wrong.” Chief Executive Officer Peter Wennink surely doesn’t want to lose China’s business: It’s ASML’s fastest-growing market.What makes the Dutch move so remarkable is that the U.S. can only unilaterally block sales abroad if components or R&D contributions originating domestically exceed 25% for the relevant product. Here, it seems to have succeeded in leaning on the Dutch government to prevent the sale even though, according to press reports, ASML’s extreme ultraviolet lithography machine doesn’t meet that test. An even greater risk would be that other important suppliers of underlying technology follow suit, whether under U.S. duress or not.(Adds TSMC comment on latest technology in fourth-to-last paragraph.)\--With assistance from Tim Culpan.To contact the author of this story: Alex Webb at email@example.comTo contact the editor responsible for this story: Melissa Pozsgay at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Alex Webb is a Bloomberg Opinion columnist covering Europe's technology, media and communications industries. He previously covered Apple and other technology companies for Bloomberg News in San Francisco.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
(Bloomberg) -- Taiwan Semiconductor Manufacturing Co. projected quarterly revenue well above analysts’ estimates, brushing aside concerns that tighter U.S. sanctions on No. 2 customer Huawei Technologies Co. could dampen its business.Shares in the world’s largest contract chipmaker have slid two straight days on worries that Washington will tighten existing restrictions on exports to Huawei, potentially curtailing shipments from TSMC and other non-American firms. If the U.S. does move ahead, any disruption would be short-term because TSMC could replace some of the lost Huawei business with orders from other customers thanks to the 5G boom, Chairman Mark Liu said during a post-earnings conference with analysts.TSMC has recruited Intel’s former chief lobbyist to gauge the temperature in Washington and lessen any fallout from U.S.-Chinese tensions, including policies involving Huawei.“We are prepared to deal with this export control regulation,” Liu said, adding that if any new controls were introduced, TSMC would carefully “evaluate product by product eligibility of export.”But some analysts judged Liu’s assessment too rosy. TSMC may be over-estimating the ability of other customers to pick up the slack were its Huawei business to be curtailed, Bernstein analyst Mark Li said. “The forecast, according to TSMC, assumes ‘business as usual’. The company sees any disruption will be short-lived and for example commented that smaller telco infrastructure suppliers can quickly pick up the shortfall if Huawei can’t deploy 5G as planned. We find that too optimistic,” Li said.TSMC reported better-than-expected net income of NT$116 billion ($3.9 billion) in the December quarter. Gross margins came in at 50.2%, also exceeding estimates. It forecast revenue of $10.2 billion to $10.3 billion in the March quarter, surpassing estimates for $9.6 billion.Apple Inc.’s main chipmaker is banking that the rollout of fifth-generation enabled smartphones in 2020 will galvanize growth. Semiconductor orders from Huawei account for 10% of its revenue, according to Bloomberg data. TSMC’s robust results demonstrate how the world’s largest contract chipmaker is investing in technology to safeguard its market lead over Samsung Electronics Co. and Intel Corp. TSMC spent almost $15 billion on technology and capacity in 2019 and is prepared to shell out as much as $16 billion this year, anticipating the advent of fifth-generation smartphones. The company, a barometer for the tech industry thanks to its heft and place in the supply chain, has said the advent of 5G will result in more chips in devices than before.Capex growth this year will mainly come from an increase in specialty technology including CMOS sensors -- which turn light into digital signals for smartphone cameras -- and power management chips, and packaging technology, according to Chief Financial Officer Wendell Huang.TSMC previously reported record fourth-quarter revenue of NT$317.2 billion. Chief Executive Officer C. C. Wei has expressed hopes that the emergence of 5G, the foundation of future technologies from automated factories and smart homes to faster consumer electronics, will underpin its business in coming years.In addition to 5G, TSMC’s counting on growing demand for high-performance computing. Positive comments from Micron Technologies Inc. and Samsung suggest the global semiconductor market is poised for a gradual recovery on the back of demand related to 5G, artificial intelligence and automotive applications.(Updates with details on preparation for Huawei curbs)To contact the reporters on this story: Debby Wu in Taipei at email@example.com;Gao Yuan in Beijing at firstname.lastname@example.orgTo contact the editors responsible for this story: Peter Elstrom at email@example.com, Edwin Chan, Colum MurphyFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. The so-called phase-one U.S.-China trade pact has done little to allay fears about Huawei Technologies Co.’s prospects and those of its key suppliers, two analyst research reports suggest.Morgan Stanley and Credit Suisse warned of the likely trickle-down impact of U.S. sanctions on Huawei should they remain in place or be tightened even further. Restrictions could slow the pace of China’s fifth-generation networking rollout, which would affect Taiwan Semiconductor Manufacturing Co. and fellow technology and manufacturing providers, one report said.Tensions over tech are likely to remain as the Trump administration considers steps to further limit the ability of American companies to supply Huawei. This comes even as Treasury Secretary Steve Mnuchin said on Wednesday he doesn’t “view Huawei as a chess piece” in continuing negotiations with China.Tech Industry Shudders as U.S. Weighs New Limits on Huawei SalesMorgan Stanley analysts forecast Huawei’s total smartphone volume at 200 million this year, a decline of 40 million from 2019. Without regaining access to the Google Mobile Services suite on Android, Huawei’s “smartphone shipments would be close to zero in Western Europe,” said the analysts. That compares to shipments of 29 million units in 2018 and 21 million devices through the first three quarters of 2019 for the region, they added. The European market had served as a catalyst for Huawei’s consumer division, which was itself the biggest growth engine for the Chinese company.Closer controls on Huawei would also impact its key suppliers. Chipmaking giant TSMC, which counts Huawei as its second largest customer after Apple Inc., relies on its semiconductor orders for 10% of revenue, according to Bloomberg data. Credit Suisse wrote that TSMC would lose a chunk of that business in the event of increased sanctions, though the hit would be partially offset by other customers like Apple and Advanced Micro Devices Inc. expanding their orders. TSMC reports earnings later today, hoping to shake off a two-day decline in share price amid added uncertainty about U.S. pressure.Some Asian tech names stand to benefit under new supply chain scenarios, Samsung Electronics Co. most notable among them. It’s expected to soak up the Western Europe smartphone demand that would emerge without competitive Huawei devices on the market, Morgan Stanley said. Credit Suisse echoed the positive sentiment, adding that the Samsung LSI chipmaking division would “benefit supplying the mid-tier Qualcomm chips and Exynos family” in the absence of Huawei from key global markets.Read more: TSMC Hires Ex-Intel Lobbyist to Deal With U.S.-China Tensions\--With assistance from Cindy Wang.To contact the reporter on this story: Vlad Savov in Tokyo at firstname.lastname@example.orgTo contact the editors responsible for this story: Edwin Chan at email@example.com, Colum MurphyFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
(Bloomberg) -- India is considering a plan to offer subsidized loans to mobile handset manufacturers in a bid to attract Apple Inc. and Samsung Electronics Co.’s suppliers to open factories in the nation, said a government official.The proposals by the Ministry of Electronics and Information Technology includes offering interest subsidy on local borrowing by manufacturers, may form part of the federal budget to be unveiled on Feb. 1, the official said, asking not to be identified citing rules on speaking to the media. It also includes setting up of industrial zones equipped with taxation and customs clearance, along with infrastructure such as roads, power and water supply, the official said.India plans to make $190 billion worth of mobile phones by 2025 from $24 billion now, the official said. Two calls made to the spokesman of the ministry remained unanswered.Prime Minister Narendra Modi’s government, which is under pressure to bring down a jobless rate that’s the highest in 45 years, wants to attract overseas component makers and help boost the share of manufacturing in Asia’s third-largest economy to a quarter of the nation’s gross domestic product. Modi’s flagship “Make in India” program has been foundering as poor road and port facilities deter investors.There has been some success. Foxconn Technology Group, the largest assembler of Apple handsets, is ramping up manufacturing of iPhones in India. It already has two factories in the southern Indian states of Andhra Pradesh and Tamil Nadu, where it makes devices for Xiaomi and Nokia. Adding more production in India would help Apple and Foxconn diversify from China amid ongoing trade tensions with the U.S.The proposals have been forwarded to the finance ministry but no decision has been taken, the official said.With the manufacturing of high-end mobile handsets for Apple and Samsung, India plans to shift its export focus to Europe and the U.S., the official said.To contact the reporter on this story: Ragini Saxena in New Delhi at firstname.lastname@example.orgTo contact the editors responsible for this story: Unni Krishnan at email@example.com, Arijit GhoshFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
(Bloomberg) -- Chinese flexible display maker Royole Corp. has filed confidentially for a U.S. initial public offering to raise about $1 billion, people familiar with the matter said.The startup seeks funding to expand its sales and marketing and research facilities, the people said, requesting not to be named because the matter is private. It had originally planned to raise that amount via a private financing round at a valuation of about $8 billion, people familiar with that deal said in March. But the Chinese company is now tapping U.S. markets after liquidity tightened during a downturn in China’s venture capital sector, the people said.Royole, known for manufacturing the world’s first commercial foldable phone, competes with Samsung Electronics Co. and BOE Technology Group Co. to produce bendable screens using cutting-edge organic light-emitting diode technology. The company, which gave away wraparound-screen hats at the 2018 World Cup in Russia, this month unveiled a smart speaker that packs a bendable display around a cylinder.It’s unclear what timeframe the company’s looking at, the people said. A Royole representative declined to comment.Royole is regarded as one of a coterie of Chinese technology startups working to dismantle the decades-old image of China as a clone factory by leading in design and innovation. Like Huami and Insta360, these upstarts aim to take advantage of home bases in China close to where devices are manufactured, developing products faster and more cheaply.Founded by Stanford alumni Bill Liu, Peng Wei and Xiaojun Yu, Royole needs capital to plow back into research and expand production. The company, valued at about $5 billion in a previous funding round, invested 11 billion yuan ($1.6 billion) into a flexible display plant in Shenzhen that commenced production in June. Royole is working with Airbus to install displays in planes and also collaborates with clothing, furniture and kitchen-supply customers. Royole has said it secured a deal with Louis Vuitton that will see the two companies putting flexible screens on handbags of the future.Its full line of products encompasses head-mounted displays intended for use as so-called mobile theaters and other wearable flexible displays. The company even has a smart writing pad that it sells on Amazon.com, JD.com and in stores across China, the U.S. and Europe.Royole’s earlier investors include Knight Capital, IDG Capital, Poly Capital Management, AMTD Group, the funds of Chinese tycoon Xie Zhikun and the venture capital arm of the Shenzhen city government.Read more: The Trade War Spurs China’s Technology Innovators Into Overdrive(Updates with details on Royole’s inception from the fifth paragraph)To contact the reporters on this story: Julia Fioretti in Hong Kong at firstname.lastname@example.org;Lulu Yilun Chen in Hong Kong at email@example.comTo contact the editors responsible for this story: Edwin Chan at firstname.lastname@example.org, Colum MurphyFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
IFI Claims, a company that tracks patent activity in the US, released its annual tally of IP work today underscoring that theme: it noted that 2019 saw a new high-watermark of 333,530 patents granted by the US Patent and Trademark Office. Indeed, the fact that one of the oldest tech companies, IBM, is also the biggest patent filer almost seems ironic in that regard.
(Bloomberg) -- Huawei Technologies Co. broke into the top 10 recipients of U.S. patents last year, according to an analysis of filings with the U.S. Patent and Trademark Office, the latest sign that Chinese companies are aggressive in pursuing the U.S. lead in global technology.The telecom company’s 2,418 patents, along with 2,177 new patents issued to display-screen maker BOE Technology Group, help propel China into the rank of fourth-biggest recipient of U.S. patents, behind Japan and South Korea but ahead of Germany for the first time, according to the analysis by Fairview Research’s IFI Claims Patent Services.“China’s growing rapidly but they’re still way behind the U.S. in terms of patents,” said Larry Cady, a senior analyst with IFI.International Business Machines Corp. retained its title of top recipient of patents for the 27th year, with a record 9,262 patents, far ahead of No. 2 Samsung Electronics Co. and No. 3 Canon Inc.Overall, the patent office issued 333,530 patents, an all-time high and a 15% jump after a decline in 2018. Cady said the increase likely reflects efforts to release a bottleneck over what can qualify for a patent, such as in the fields of artificial intelligence.AI, cloud computing, blockchain and security were among the top areas for IBM, the Armonk, New York, company said. The IBM patents reflect the work of more than 8,500 inventors over 45 states and 54 countries, the company added.While IBM may be consistently the top recipient of patents, its holdings aren’t the largest, IFI found. That title belongs to Samsung Electronics Co. of South Korea, with Canon Inc. of Japan the second-largest corporate owner of patents. The difference, Cady said, is that IBM doesn’t keep all of its patents.“We really look at new patents as an indication of innovation and we regularly review and prune our patent assets,” said Jason McGee, chief technology officer for IBM Cloud Platform. “We may get rid of ones that we don’t think are strategic or could be better served with someone else.”IBM also announced that it’s joined the License on Transfer, or LOT, Network, which was co-founded by Red Hat Inc. IBM bought the software company for $34 billion last year.Group members pledge that all network members will get a license to any patent that ends up with what’s known as a “patent assertion entity,” meaning a company that doesn’t make products and whose sole purpose is to extract royalties from those who do. The group helps protects automakers and retailers who are just entering the technology arena that’s often marked by lawsuits.“If you want to be any successful company, you have to be a successful high-tech company,” said Ken Seddon, head of the LOT Network.Overall, the list of top recipients is dominated by American and Asian technology companies. Behind IBM, Samsung and Canon are Microsoft Corp., Intel Corp., LG Electronics Inc. and Apple Inc. topping the list after Canon. Ford Motor Co., which broke into the top 10 last year, was just ahead of Amazon.com Inc. and then Huawei.While the numbers are small, the fastest-growing patent classifications were in the gene-splicing technology known as CRISPR, hybrid plants, 3-D printing and cancer therapies, the analysis showed.Many of the patents issued to Huawei relate to things like high-frequency transmission that are needed for the next generation of wireless technology known as 5G.President Donald Trump’s administration in May moved to restrict U.S. companies from doing business with Huawei. The administration has said Huawei gear could be used for spying -- an allegation the company denied.“The U.S. is kind of at a funny position with Huawei -- we’re threatening them with limiting access to technology and access to the markets,” Cady said. “At the same time, 5G is rolling out and they’re the dominant in 5G.”To contact the reporters on this story: Susan Decker in Washington at email@example.com;Christopher Yasiejko in Wilmington, Delaware, at firstname.lastname@example.orgTo contact the editors responsible for this story: Jon Morgan at email@example.com, Elizabeth Wasserman, John HarneyFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Capex trends, chip demand and IT spending commentary are among the things to watch as dozens of tech companies report this earnings season.
(Bloomberg) -- With tech earnings looming this month, investor attention is zeroing in on some of Asia’s largest chipmakers. And there’s reason for it: the sector’s influence on the region’s stocks has kept on growing.Taiwan Semiconductor Manufacturing Co. is set to report fourth-quarter results Thursday, potentially hitting record revenue of more than $10.2 billion and its highest quarterly gross margins since 2018, Bloomberg Intelligence analyst Charles Shum said in a Jan. 7 preview. TSMC shares are up more than 4% this month and touched an intraday high Tuesday.“Many of TSMC’s customers such as Huawei, Qualcomm and Mediatek are quickening their pace of adopting cutting-edge processes to prepare for the launch of 5G mobile devices,” Shum said in the report.Rival Samsung Electronics Co. releases its final results Jan. 30. Preliminary figures announced earlier this month showed quarterly earnings beat estimates as global chip prices have shown signs of escaping a protracted slump.The two chipmaking behemoths are the No. 3 and 4 largest stocks in the MSCI Asia Pacific Index and also key contributors to the growing influence of technology names in the gauge. The industry now accounts for almost 15% of the regional gauge, up from 12% at the start of 2019. Internet giants Alibaba Group Holding Ltd. and Tencent Holdings Ltd. have the highest weightings in the index.Managers of emerging-market stocks have increased their exposure to semiconductor shares to a record 7.3%, making of it the largest overweight by sector, according to Steven Holden, an analyst at Smartkarma Holdings Pte. Taiwan and South Korean equity overweights also hit a peak, with TSMC among the most favorite companies, it said.Despite all the positives, one potential question mark for TSMC remains Huawei Technologies Co. Tighter export restrictions on the Chinese company by the U.S. would make some of TSMC’s technologies unshippable to Huawei, analysts led by Mark Li at Sanford C. Bernstein wrote in a Jan. 8 note. While the actual impact on revenue is expected to be in the low single digits and TSMC will be able to pivot to other customers, a short-term impact is “inevitable as share shifts and supply-chain realignment take time.”But overall, the outlook for the semiconductor industry is positive on growth drivers including new 5G technology adoption, internet of things momentum, robust data center demand and even new game console launches, Credit Suisse analysts Randy Abrams and Haas Liu said in a Jan. 13 report.“Stocks are recovering from the prior decade’s de-rating and returning to pre-crisis valuations that can sustain,” the analysts said. The main risk? With higher valuations after a strong 2019 rally, any disappointment from product cycle ramps or macro shocks could lead to potential short-term pullbacks, they added.Stock-Market SummaryMSCI Asia Pacific Index up 0.2%Japan's Topix index up 0.3%; Nikkei 225 up 0.7%Hong Kong's Hang Seng Index down 0.3%; Hang Seng China Enterprises down 0.4%; Shanghai Composite down 0.1%; CSI 300 down 0.2%Taiwan's Taiex index up 0.5%South Korea's Kospi index up 0.3%; Kospi 200 up 0.4%Australia's S&P/ASX 200 up 0.8%; New Zealand’s S&P/NZX 50 up 0.7%India's S&P BSE Sensex Index little changed; NSE Nifty 50 little changedSingapore's Straits Times Index up 0.5%; Malaysia’s KLCI down 0.7%; Philippine Stock Exchange Index down 0.5%; Jakarta Composite up 0.2%; Thailand's SET little changed; Vietnam's VN Index up 0.2%S&P 500 e-mini futures little changed after index closed up 0.7% in last session(Adds Smartkarma comments in sixth paragraph, stock-summary section)\--With assistance from Cormac Mullen, Abhishek Vishnoi and Moxy Ying.To contact the reporter on this story: Eric Lam in Hong Kong at firstname.lastname@example.orgTo contact the editors responsible for this story: Christopher Anstey at email@example.com, Lianting Tu, Cecile VannucciFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.
Chip suppliers and others are benefiting as smartphone camera counts rise and camera penetration rates grow in other markets.
South Korea’s leading business dynasties built wealth and power as they drove the country from postwar ruin to among the world’s biggest economies. “Compared with 20 years ago when my parents set up the company, the value of our shares has gone up so much there is no way I can pay the huge inheritance tax without bending the rules,” said the middle-aged chief executive of one industrial group. Thanks to a 50 per cent rate that rises to 65 per cent if the beneficiary becomes the biggest shareholder of the family business, the heirs to the country’s top 25 companies face a combined bill of $21bn, according to data from research group CEO Score.
Sonatrach has awarded an EPC&PM contract for a grassroots refinery to a joint venture of Samsung Engineering and Tecnicas Reunidas. PHOTO SOURCE: Samsung Engineering
The XCover Pro, which is officially launching today, is a mid-range $499 phone for first-line workers like flight attendants, construction workers or nurses. While Samsung is aiming this phone at the enterprise market, the company tells us that it will also sell it to individual customers. As Samsung stressed during our briefing, the phone is meant for all-day use in the field, with a 4,050 mAh replaceable battery (yes, you read that right, you can replace the battery just like on phones from a few years ago).
(Bloomberg Opinion) -- To judge by “Parasite” — Bong Joon-ho’s Golden Globe-winning portrait of three Seoul families thrown into queasy proximity by the country’s wealth divide — South Korea is an Asian version of Brazil or South Africa.The poor in Bong’s black comedy are unable to escape the bottom of the heap — living in overcrowded basement apartments, or even (in a horrifying twist) further below ground. The wealthy enjoy a life of careless riches and open skies on Seoul’s hilly outskirts, cosseted by armies of staff whom they hold in thinly veiled contempt.It’s a compelling vision and a neat fit with the Korean Wave that’s taken the country’s culture and industry global in recent decades. A fiercely unequal society feels like the natural home of oligarchic chaebol conglomerates like Samsung Group and Hyundai Group, as well as the sexy rich boys (also nicknamed chaebol) who feature so heavily in Korean television dramas. Korean pop music’s global breakthrough track was a satire of Seoul’s fancy Gangnam neighborhood. Its hugely popular idol groups often resemble a remorseless production line for underpaid, disposable celebrities. So much for the stereotype — but in truth, South Korea has done better than most other societies on earth in avoiding the inequality that so often plagues fast-growing economies. If there are losers from its economic model, they are more likely the young and old — and women, who suffer from the rich world’s worst gender inequality, than the middle-aged characters who dominate the ensemble cast of “Parasite.”Take the Gini coefficient, the most commonly used index of inequality. On that measure, South Korea is east Asia’s most egalitarian society after tiny, poor Timor-Leste, according to the World Bank’s figures. Only a handful of countries in western Europe come in with better scores, and the likes of France, the U.K. and Canada are all less equal.(1)Other measures paint a similar picture. Take the 1% who inhabit tony neighborhoods like Seoul’s Pyeongchang-dong, the apparent model for the suburb where the Park family live in “Parasite.” In the U.S., the 1% account for about one-fifth of all income, rising to 28% in Brazil. South Korea, at 12.2%, is closer to western European levels.The picture is even more striking if you widen the focus to the top and bottom fifths of the income distribution to get a broader picture of rich and poor, a measure that’s widely followed in South Korea itself. In South Africa, the top 20% earn more than 28 times as much as the bottom 20%, and even in the U.S. the wealthiest quintile earn 9.4 times more than the poorest. South Korea’s ratio of 5.3 is more egalitarian than Japan, the U.K., Australia and Italy, and roughly in line with France and Germany.Why, then, are South Koreans so worried about inequality? “Parasite” isn’t alone in its concern about the issue. Three-quarters of adults younger than 35 and two-thirds of those between 35 and 60 want to leave the country and similar shares of the population regard South Korea as “hell,” according to a survey last month. (Bong, whose films often take place in surreal dystopias, might find future inspiration in that finding.)President Moon Jae-in came to office in 2017 promising to close the country’s wealth gap by raising the minimum wage and retirement payments and reining in property prices — an agenda that’s not been without problems, as Sam Kim of Bloomberg News has written.One issue is that we measure our satisfaction not by where we are, but by where we’ve come from and where we’re going. South Korea went from poverty to affluence in the space of a generation, but growth increasingly appears to be grinding to a halt. That’s leaving many people terrified about what’s coming next — especially as the world’s lowest fertility rate drives a declining crop of workers to support a rising population of retirees, as my colleague Daniel Moss has noted.In contrast to decent inequality metrics for the population as a whole, the old in particular have lost out. Just 13% of Korea’s working-age population are living in poverty, but the figure rises to 44% for those aged 66 or over, far higher than any other OECD country. The young, meanwhile, have largely given up hope of ever affording their own home. Buying property in Seoul takes about 13.4 years’ worth of income, compared with 5.7 times in New York and 4.8 times in even Tokyo. As a share of GDP, household debt is now higher than in the U.K., U.S., or Japan. No wonder one of the most wretched characters in “Parasite” is on the run from loan sharks.South Korea isn’t without economic problems — but it’s the inequality suffered by young and old, and by women, that’s most at risk of holding the country back. The luckiest generation are those who were born in the 1960s and early 1970s when the war and desperation of the 1950s was already past; joined the job market in the 1980s, when the economy was growing at double-digit rates; and bought houses dirt-cheap in the wake of the 1998 Asian financial crisis before subsequent generations were priced out.The heads of all three families in “Parasite” are of that generation, as is Bong himself. If things look bad for them, they’re a whole lot worse for their parents and children.(1) Separate calculations by the Organization for Economic Cooperation and Development rank South Korea lower, but still relatively high by comparison to other newly affluent countries.To contact the author of this story: David Fickling at firstname.lastname@example.orgTo contact the editor responsible for this story: Matthew Brooker at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.David Fickling is a Bloomberg Opinion columnist covering commodities, as well as industrial and consumer companies. He has been a reporter for Bloomberg News, Dow Jones, the Wall Street Journal, the Financial Times and the Guardian.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Samsung Electronics has seen the personalized technology of the future — in the shape of a yellow softball-sized robot called Ballie.