1. Wall Street Journal: China is preparing to approve Qualcomm and NXP transactions;
The micro-network news, the Wall Street Journal reported, informed sources said that this transaction should be settled quickly. Over the past few days, mainland regulators have been negotiating with the Qualcomm legal team to approve the 'technical details' required. Negotiation.
Earlier today, U.S. Secretary of Commerce Ross said that he had reached an agreement with ZTE and would fine China ZTE a billion U.S. dollars. However, Rose said that the ZTE incident is only a law enforcement activity and that trade negotiations with China will not affect each other.
At the end of last month, the Wall Street Journal quoted informed sources as saying that the mainland government will conditionally approve Qualcomm’s acquisition of NXP in the Netherlands in the next few days. The mainland antitrust department will meet with Qualcomm’s legal team next week to finalize the final details. The mainland may eventually impose a number of conditions, and regulators are concerned that this merger will have a negative impact on China’s mobile payment industry.
At present, Qualcomm's $44 billion acquisition of NXP Semiconductors has received approval from eight of the nine global regulatory agencies. Currently, it has not yet obtained the approval of Chinese regulatory agencies.
According to previous reports, the regulators received instructions from the top. Once the mainland has resolved the issue of the confirmation of the ZTE ban from the United States, approval of the conditionality of the Qualcomm acquisition can be given. With the easing of the trade war between China and the United States, mainland officials have also restarted Qualcomm. Acquired NXP review.
2.Qualcomm CEO: Happy to see ZTE and the United States reach an agreement;
Sina US stock news on June 6th, Beijing time Qualcomm CEO Steve Mollenkopf said at the 2018 TheDeal Corporate Governance conference in New York, happy to see today ZTE and the United States reached an agreement.
NXP Semiconductors rose 6.3%.
The Wall Street Journal reported earlier: China is said to be preparing to approve NXP's deal with Qualcomm.
Earlier reporting: Ross said that the ZTE agreement includes a fine of US$1 billion and depositing US$400 million in the escrow account.
3. Curve to save the country? Jacobs recruited the 'Old Department' to establish a new company still seeking to privatize Qualcomm;
Micronet Reported on June 7 (Reporter Zhang Haoqun) Qualcomm CEO Paul Jacobs is working with two former Qualcomm executives to create a new company XCOM that specializes in wireless communications technology.
This is the latest action since Jacob was kicked out of the board of directors of Qualcomm in March and then sought the privatization of Qualcomm. The establishment of the new company does not mean that its acquisition of Qualcomm will stop.
The founding team is all high-level veterans
In addition to Jacob, the founders of the other two new companies were former Qualcomm president Derek Aberle and former Qualcomm CTO Matthew Grob. Among the newly formed companies , Jacob as CEO, Abbott as Chief Operating Officer, Grob as CTO.
Aberlech was a lawyer who worked in Qualcomm for 17 years. Prior to that, he served as the director of Qualcomm Patent Authorization (QTL) and President of Qualcomm. He reportedly played an important role in the litigation with Apple and in the global negotiations for authorization. At the end of the year, Arbor announced his departure.
Grob worked in Qualcomm for 27 years and has been engaged in R&D management for a long time. Prior to that, he served as Qualcomm CTO and announced his departure in early May.
XCOM is headquartered in San Diego and is dedicated to the development of wireless communication technology. Grob said that XCOM will focus on the development of next-generation communications technologies including 5G, providing secure, fast, and reliable communications technology.
Aberle said that XCOM will be committed to the research and development and investment in advanced wireless communications technology. At present, the United States does not invest enough in this area.
XCOM is currently in the process of forming a team. Abbey does not specify the number of specific recruiters. It is understood that XCOM may use licensing technology, or research and development software, and will also cooperate with chip companies to apply XCOM technology to partners. On the product.
Jacob's quest for privatization of Qualcomm will not stop
Aberdeen declined to disclose the size of the new company's capital, and he expects to receive support from other capital and partners who are committed to technology research and development.
'Qualcomm may also become our partner or even a customer. If we are successful in acquiring Qualcomm's plans, XCOM may be incorporated into Qualcomm.' Aberl said.
After Broadcom’s failed acquisition of Qualcomm in March of this year, Jacobs was kicked out of the Qualcomm Board of Directors, when he was ready to raise funds to launch Qualcomm's acquisition plan.
However, the outside world is not optimistic about this, because at present Jacob's stock of Qualcomm is only less than 1%, and the privatization of the acquisition will need to raise billions of dollars in huge amounts of money.
Jacobs has not responded to the newly formed company. However, Aberl said that Jacobs and he are still seeking the possibility of privatizing Qualcomm. The establishment of the new company does not mean that Qualcomm’s acquisition will stop. He also stated that Qualcomm’s acquisition partly relied on the current availability of Qualcomm’s and NXP’s transactions. (Proofreading/Requirement)
4. An increase of 31.8% year-on-year, and Universal's top five turnovers!
Set micro-network news, Recently, the semiconductor silicon wafer plant Universal Crystal announced its May revenue report.
The report shows that Universal's May revenue was 4.779 billion yuan (NT, the same below), second only to the highest record of 4.878 billion yuan in March this year, the second highest in history.
In terms of growth, the monthly growth rate was 4.3%, and the annual growth rate reached 30.2%. According to statistics, the revenue for the five months before Universal has reached 23.232 billion yuan, an annual increase of 31.8%.
Out of stock, Universal hits record highs
Since the second quarter entered the traditional peak season of the semiconductor production chain, the shortage of silicon wafers has shown signs of deterioration. Not only has the price been determined to rise again, but the semiconductor plant's silicon wafer inventory level has not risen, but it has given the industry a big impression. accident.
In the short term, the semiconductor plant customers' willingness to purchase silicon wafers will not change in the second quarter. The demand for all-size silicon wafers will be strong, the market distribution will continue, and due to the shortage of supply, the prices of silicon wafers of various sizes will continue to adjust. rise.
Previously, in the first quarter, under the influence of shortage of goods and price increases, the earnings report of Global Watch was very bright, including revenue, gross profit margin, operating profit, operating profit margin, net profit after tax, and net profit after taxation. And the net profit per share is a new high.
And now, it seems that due to the effect of out-of-stock and price increase, Universal's performance will continue to improve.
Market demand continues to strengthen
On May 15, the International Semiconductor Industry Association (SEMI) announced that global semiconductor silicon wafer shipments reached a record high in the first quarter of this year, and the market demand will continue to increase year after year. With new fabs joining the ranks of grabbers, plus semiconductors With more components, there is strong demand for silicon wafers.
Global Crystal Chairman Xu Xiulan previously stated that at present, the supply of semiconductor silicon wafers is still in short supply. The company's production capacity will be fully filled until next year, and orders for 2020 will have already filled 50%. Looking at the trend of silicon wafer prices this year, Universal Crystal Said that it is expected that this year's quotation will rise quarter by quarter, the year will be a double-digit increase compared to the (2017) year.
Global Crystal is expected to take a bottleneck this year and increase production by approximately 3% to 5%. Currently, the monthly production capacity of 12-inch silicon wafers is 750,000, and the monthly production capacity of 8-inch silicon wafers is 1.2 million.
In addition, Global Wafer earlier reached an agreement with the South Korean local government to expand the plant, and plans to invest 480 billion won in the local expansion of 12-inch wafer capacity, is expected to be completed by 2020.
Xu Xiulan emphasized that Global Wafer's investment case must consider the price of silicon wafers to be reasonably profitable, and that customers will only consider the expansion under the three major principles of production capacity and must be the next generation of products. However, the shortage of wafer supply in the market has already Become an indisputable fact. (Proofreading/Luoming)
5. ALi will ship India again in June to boost Q2 revenue
ALi (3041) re-shipped a set-top box for pay-TV operators in India from June onwards, which is expected to drive double-digit growth in the second quarter compared with the first quarter, but it should still be recessed compared to the same period of last year. Interest rates are still stable at 30%, but the cost is still high. It will be difficult to turn the whole quarter into profit. Looking ahead for the whole year, the legal person estimates that the peak operating season this year will be concentrated in the second half of the year, the follow-up observation period for the sustainable observation, and the progress of the Brazilian bid. The overall gross profit margin can be maintained at about 30% of the water level, but the cost is still high. Therefore, it will be more difficult this year to make a profit. It is worth noting that India will reopen the standard in October, mainly targeting the conversion signal from SD to HD in urban areas. Should be able to bring greater momentum to Yang Zhi next year's revenue and gross profit margin.
Alibaba was originally a subsidiary of Acer (2353). Its main business was DVD chip design. It was sold to Mediatek (2454) in 2004 and transferred to STB chipset business. At present, MediaTek holds a share of 7.96%. In terms of revenue, 50~55% of retail set-top boxes, 40~45% of pay-TV operators' set-top boxes, and others (such as audio and RF chips) are 5~10%.
The main markets of set-top boxes for pay-TV operators are all marked by the nature of the label. Currently, they mainly come from the demand for analog-to-digital conversion in India. ALi has shipped since the third quarter of last year, but it has faced memory shortages in the fourth quarter. The goods were severely deferred. As of June this year, after customers changed their plans, they started to pull goods into Yangzhi, which is expected to bring a lot of revenue to the camp.
In addition to India's bid, India will re-open the bid in October, mainly for the conversion signal from SD to HD in urban areas. ALi said that if the client wins the bid, it should be able to start small shipments by the end of the year. According to reports, this is the first shipment of HD pay-TV operators' set-top boxes, all of which used to be SD products. Compared with SD, HD has a slightly higher gross profit margin, plus urban areas. The signal conversion is often faster than in rural areas. It should bring greater momentum to Yang Zhi next year's revenue and gross profit margin.
In addition, ALi also launched a 4K pay-TV operator set-top box at the end of last year. Currently, it is actively negotiating with customers and is expected to make continuous contributions from next year.
Yang Zhi stated that pay-TV operators’ set-top boxes had made breakthroughs in India’s reporting last year, with revenue growth of 5 to 10%, and the proportion of revenue increased from 35 to 40% the previous year to 40 to 45%. Still optimistic about this product line this year.
In addition, in terms of retail set-top boxes, ALi won the bid to convert the terrestrial broadcasting system in Brazil last year. This year it will conduct bid competitions in another district in Brazil. Originally, it is expected that the second season will be awarded. However, it is still unknown. Therefore, Yang Zhi also Look at the decline in this product line compared to last year.
Looking forward to the second quarter, the legal person expects that the resumption of merchandising triggered by India's bids should bring about double-digit growth in the second quarter compared to the first quarter, but it should still be recessed compared to the same period of last year, although the gross profit margin remains stable. 30%, but the cost is still high, it is difficult to turn the whole quarter.
Looking forward throughout the year, the legal person estimates that since ALi has been actively deploying the pay-TV market for a long time, the peak season is also concentrated in the second half of the year. Therefore, the follow-up observation of the timetable for pull-out and the progress of the labeling in Brazil, plus the retail STB market On the other hand, due to the low technical threshold and the saturation of the market, the revenue should gradually decline. In terms of profitability, pay-TV products with higher gross margins can boost retail STBs with higher gross margin pressures. The interest rate can be maintained at a water level of around 30%, but the cost is still high, so this year it will be more difficult to turn the profit.