RE: Follow the money14 Aug 2020 09:31
Dave Sweeney comment on ADVFN site today;
sweenoid14 Aug '20 - 07:36 - 31740 of 31744
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I am fully aware that my posts have become excessive, There has been much ‘partner’ news , hence the voluminous posts. Reporting has finished so this is me done till September.
So let me summarise the current situation, as I see it.
1 Our Gallium Arsenide business ( wireless) is in robust health, our 2 main customers Skyworks and Qorvo beat Q2 and both issued BULLISH forecasts for
Q3 and Skyworks for the entire H2 . Revenues in 2020 and beyond WILL be driven by demand for 5G enabled smartphones, with their INCREASED COMPLEXITY AND INTEGRATION. Amazingly, Qorvo told us that in the last 1/4 60% of smartphones sold in China were 5G, the rest of the world will follow, and Skyworks expect 500million 5G smartphones sold in 2021, and 1 BILLION in 2022! I expect at least DOUBLE the revenue per 5G smartphone with IQE’s new integrated and advanced new Power Amplifier contribution over 4G with the mouth watering prospect of inclusion in the switch and filter components later on. Of course a vast % of those 5G smartphones WILL also have 3D sensing too ?
2 Our infrared business is doing extremely well, mainly for US military uses, our key customer there, Raytheon has a HUGE ORDER BACKLOG and is positive in outlook for its military business way beyond the end of 2020 ??. My own estimate is that the infrared business will far exceed current company growth predictions for 2020 and then again in 2021. ( even under the Democrats if they should unseat Trump) .
3 Our Indium phosphide business is RESURGENT , 2019 was a disaster because of customer woes ( particularly Macom but also Lumentum) 2020 has so far been the opposite- HIGH GROWTH on the back of data centre demand, ftth ( fibre to the home) and 5G infrastructure build. Lumentum comments re the robust nature of their indium phosphide business, so much so that demand exceeds supply says it all, doesn’t it. Multiple companies are making incredibly positive comments on their laser business, witness this companies comments, which eloquently summaries the positivity in the markets we serve, concentrate on the market and its prospects rather than the company...who we may well service ??( 25G lasers are a particularly big market for us)
hTtp://www.semiconductor-today.com/news_items/2020/aug/aoi-110820.shtml
4 Our GAN on Silicon and more particularly GAN on Silicon Carbide business is gaining traction based on the huge infrastructure build of RF base stations for 5G, we know from Himax that ‘tens of hundreds of millions of RF towers are being built in China alone. ( read that ridiculous figure again- it’s not a typo, it’s happening).
5 We ALREADY KNEW that our VCSEL BUSINESS IS GOING GREAT GUNS , from the comments from AMS, TOF and it’s advanced version , and WLO ( wafer level optic) demand is high , LIDAR is an exciting product already included in the new iPad Pro and shortly to feature in the to
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