Nomura Securities on Global Semiconductor Technology: The Rhythm of Moore's Law
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23 Buy, 25 Hold, 6 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
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Nomura Securities on Global Semiconductor Technology: The Rhythm of Moore's Law
Analyst, Patrick Liao, said, "For years now, the technology industry has marched to the rhythm of Moore’s law’s mantra of falling technology cost driving growth. As the years roll by, this is becoming harder to do and requires greater levels of investment raising the issue of returns. We have looked at the coming generation of semiconductor technologies and concluded that growth will continue, but that success will be the provenance of the few."
"In our view, Intel (Nasdaq: INTC), Samsung and TSMC (NYSE: TSM) are the top companies that can continue investing in the advanced semiconductor technologies in the logic space...We like TSMC (Buy) for its market leadership and TSV technologies. ASML (Nasdaq: ASML)(Buy) remains the only creditable player in lithography technology beyond immersion."
"Although we believe adequate and sustainable capex is necessary to maintain competitiveness, advanced semiconductor technologies are facing increasingly higher costs, and we tend to believe a halt in investment won’t benefit any of the players."
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Analyst, Patrick Liao, said, "For years now, the technology industry has marched to the rhythm of Moore’s law’s mantra of falling technology cost driving growth. As the years roll by, this is becoming harder to do and requires greater levels of investment raising the issue of returns. We have looked at the coming generation of semiconductor technologies and concluded that growth will continue, but that success will be the provenance of the few."
"In our view, Intel (Nasdaq: INTC), Samsung and TSMC (NYSE: TSM) are the top companies that can continue investing in the advanced semiconductor technologies in the logic space...We like TSMC (Buy) for its market leadership and TSV technologies. ASML (Nasdaq: ASML)(Buy) remains the only creditable player in lithography technology beyond immersion."
"Although we believe adequate and sustainable capex is necessary to maintain competitiveness, advanced semiconductor technologies are facing increasingly higher costs, and we tend to believe a halt in investment won’t benefit any of the players."
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