NXP Semiconductors seen at JPMorgan as potential M&A target for Samsung » 10:0304/2004/20/21
NXPI, SSNLF, TXN, MCHP, ADI, IFNNY, STM
JPMorgan analyst JJ Park…
JPMorgan analyst JJ Park said in a note on automotive semiconductors that Samsung Electronics' (SSNLF) interest in the automotive space "from a diversification and growth potential viewpoint" leads him to analyze potential M&A scenarios. While Park ruled out certain companies that he believes would be too big to acquire, such as Texas Instruments (TXN), and ones he thinks would present "limited opportunities" for post-deal synergies, such as Microchip (MCHP) and Analog Devices (ADI), he sees "potential scenarios" involving NXP Semiconductors (NXPI), Infineon (IFNNY) and STMicroelectronics (STM). However, for the latter two, he also noted "potential political roadblocks."
Verizon announces start of C-band equipment deployment » 13:4704/1904/19/21
VZ, ERIC, SSNLF
Verizon (VZ) recently…
Verizon (VZ) recently began installation of C-band equipment from Ericsson (ERIC) and Samsung Electronics (SSNLF) to "speed deployment of its 5G Ultra Wideband and fixed wireless broadband service on its recently acquired C-band spectrum," the company announced. "Verizon secured an average of 161 MHz of C-band spectrum nationwide in the recent FCC auction, which will allow the company to offer expanded mobility and broadband services to millions more consumers and businesses. C-band spectrum provides a valuable middle ground between capacity and coverage for 5G networks, and will enable 5G Ultra Wideband speeds and coverage for both mobility, home broadband and business internet solutions. Deploying 5G Ultra Wideband on this spectrum requires new network equipment including basebands, radios and antennas to be placed on existing towers. Verizon tapped Ericsson and Samsung to supply the Radio Access Network equipment for this massive deployment. Although the initial spectrum won't be cleared until the end of this year, Verizon and its vendor partners have already begun the work to ensure the super-fast 5G Ultra Wideband service using C-band is deployed to 100 million customers by March 2022," Verizon stated in a press release.
Samsung seeking to outsource memory controller production, DigiTimes reports » 06:1604/1604/16/21
Samsung is looking to…
Samsung is looking to outsource the production of its memory controllers amid tight capacity at its own foundry, DigiTimes' Siu Han and Jessie Shen report, citing market sources. Reference Link
|Over a week ago|
LiveXLive Media's PodcastOne inks deal with Samsung » 07:0304/0904/09/21
PodcastOne, a subsidiary…
PodcastOne, a subsidiary of LiveXLive Media (LIVX), announced that it has entered into an agreement with Samsung (SSNLF) for all PodcastOne distributed content to be available for the first time ever via the Listen tab within Samsung Free.
Samsung may make OLED TVs with panels sourced by LG, Engadget reports » 06:2604/0904/09/21
Samsung may start…
Samsung may start producing OLED TVs with panels sourced by rival LG, Engadget's S. Dent reports, citing a report from Korean broadcaster MTN. According to the reports, the companies have signed a conditional deal for Samsung to buy up to 1 million OLED panels from LG in the second half of 2021 and up to 4 million panels in 2022. Reference Link
Samsung sees Q1 operating profit KRW9.30T vs. KRW8.88T consensus » 19:4404/0604/06/21
Sees Q1 revenue KRW65.0T…
Sees Q1 revenue KRW65.0T vs. KRW61.53T consensus. Consensus estimates are according to Bloomberg.
Netlist target raised to $4 at Roth Capital after milestone Hynix settlement » 13:1204/0604/06/21
Roth Capital analyst Suji…
Roth Capital analyst Suji Desilva raised the firm's price target on Netlist (NLST) to $4 from $2.50 and keeps a Buy rating on the shares. Consistent with recent positive Netlist litigation momentum, the company announced signing of a strategic agreement with SK Hynix following a very long litigation effort, says the analyst. Desilva expects terms roughly consistent with the Samsung (SSNLF) arrangement executed back in 2015.
Corning, Samsung Display extend long-term investment relationship » 07:4904/0504/05/21
Corning Incorporated (GLW) announced the next phase in its long-term relationship with Samsung Display (SSNLF). Samsung Display has been an investor in Corning since 2014, when it received preferred shares - convertible after seven years and equivalent to an approximately 7.5% ownership stake - as part of a series of strategic and financial agreements that resulted in Corning acquiring full ownership of Samsung Corning Precision Materials, Co., Ltd. The agreements benefitted both companies' shareholders. Financial and strategic benefits to Corning included full control of its global fusion-glass manufacturing platform, greater flexibility in asset use, greater operational efficiencies, and increased options to pursue precision-glass opportunities. Following the seven-year anniversary of the agreements, and with the Corning common dividend exceeding the preferred dividend, Samsung Display will convert all of its preferred shares to common, which represents approximately 13% of Corning's common shares on an as-converted basis. Based on Samsung Display's continued confidence in Corning, and the strong performance of its original investment, the two companies will enter into a new agreement for another seven years. Samsung Display will convert all of its preferred shares to 115 million common shares. Corning will repurchase 35 million of those common shares, resulting in Samsung Display having an ownership stake of approximately 9%. The initial repurchase of common shares is expected to close in April 2021 and will immediately reduce Corning's fully diluted share count by 35 million shares, or about 4%. Samsung Display will maintain its ownership stake in Corning until at least 2028.
Samsung first quarter profit likely surged 45%, Reuters says » 20:0204/0404/04/21
Samsung Electronics likely saw a 45% jump in profit for January-March on robust sales of smartphones, TVs and home appliances, though chip division earnings are seen tumbling after a storm suspended production at its U.S. plant, writes Reuters' Joyce Lee. Spending more time at home due to the coronavirus pandemic, consumers have splashed out on an array of high-margin consumer electronics which in turn has helped cause a global shortage of semiconductors, says the author. Reference Link
Hyundai Motor America reports total March sales of 75,403 units, up 115% y/y » 09:0304/0104/01/21
Hyundai Motor America…
Hyundai Motor America reported total March sales of 75,403 units, a 115% increase compared with March 2020 and the all-time best month in Hyundai history. Palisade and Kona had their best month ever, while Santa Fe and Tucson set new March highs. Hyundai fleet sales were down 58%, representing 4% of total volume. For the quarter, Hyundai had its highest Q1 retail sales ever at 157,470 units, an increase of 38% compared with Q1 2020. Total Q1 sales were up 28% with significant growth across the lineup.