Intel rides the perfect storm. Intel has made maximum use of both tensions with China and the current semiconductor shortage to push its new foundry strategy which is going to take some time to come to fruition and left the really big question unanswered. Intel held its Intel unleashed event at which it detailed how its current roadmap has been...
This time its SPAC. WeWork is once again having a crack at going public and while the valuation is 80% lower than it was last time around, the company is still pushing the widely debunked technology platform story. The reason it is pushing this story is because it is the only way that this company can differentiate itself from the...
Easy money has a price. Faraday Future is an EV company with a very chequered history, but even this is capable of commanding a multibillion-dollar valuation with no intention to ship a single vehicle for 12 months. There is no way Faraday Future is ready to be a public company but is riding on the back of rationality-free hysteria to...
Patents are no panacea. Huawei may be down, but it is far from out as it is now putting its efforts into replacing the revenues it is losing from US sanctions in other ways. I have to hand it Huawei as its management are fighters who executed extremely well to delay the impact of the sanctions and now are turning...
I am not convinced that Facebook is paying anything. Facebook has struck a 3 year deal with News Corp (see here) to “pay” for the Australian news that hosts on its site but given that financial terms were not disclosed, I suspect that Facebook may be paying almost nothing to News Corp for its Australian content. This is because the...
Opportunity or threat? Stripe has raised $600m at an eye-watering valuation of $95bn in a funding round that appears to have no purpose other than to provide a base from which to go public at an even more outrageous number. There is no doubt that Stripe is a good company as it has grown from nothing in 2010 to become...
Better late than never. Despite endless delays, Android Automotive is finally getting some mass-market traction as it is confirmed for the 2022 Volvo XC60 which is the first combustion engine model to be confirmed for Android Automotive. This is significant because, despite all the hype, noise and fuss surrounding electric vehicles, they are going to remain a small part of...
Long term prospects but wait for a dip. Roblox has the potential to morph into something far more interesting than it is today, but a large cash flow crunch when growth slows down may allow the long-term value investors to get their positions at a much lower level. At $38bn, Roblox is expensive but not in the same league as...
EV mania creates an issue for electricity generation. While everyone is getting very excited about the electrification of transportation, no one is worrying where the power is going to come from which is a problem being made even more difficult by the current desire to move away from fossil fuels. I have very little doubt that once the major problems...
Richard is founder, owner of research company, Radio Free Mobile. He has 16 years of experience working in sell side equity research. During his 11 year tenure at Nomura Securities, he focused on the equity coverage of the Global Technology sector.
Tsinghua Unigroup – Bad omen.
Tsinghua does a Lucent. Tsinghua Unigroup is just another example of how problematic China’s strategy to become self-sufficient in semiconductors has become. While the rest of the industry is experiencing unprecedented demand for its products which combined with shortages should lead to excellent profitability, Tsinghua is flirting with bankruptcy. This is a classic sign of a very badly run company...