Texas Instruments $Texas Instruments(TXN.US) doubled DC sales YoY and grew gross margins by 330 bps QoQ. FCF exploded with cut back in CapEx, but this is one of the few companies that was ahead of the curve with all their CapEx spend to get capacity ready.
They mentioned in the CC that power semis content will only grow as more DCs get built and come online. They had a great report despite the AH reaction, and expect data center sales to be strong for the foreseeable future. Power semis look good while many are ignoring them for other names.$Infineon Technologies(IFNNY.US) $ON Semiconductor(ON.US) $STMicroelectronics NV(STM.US) $Analog Devices(ADI.US)
STMicroelectronics NV
STM----
Share your thoughts
Write something you'd like to share with our community...
- E
Speedrun | Upcoming Events This Week - [July 20 - July 24, 2026]
Stay informed on events/news for the coming week.Geopolitical & Market Outlook> Iran Conflict: Tensions have escalated following an Iranian drone attack on a U.S. base in Jordan that resulted in the deaths of two U.S. service members. U.S. forces have responded with strikes on Iranian military coastal targets for eight consecutive nights.> Energy Prices: The conflict has pushed crude oil prices above $80/barrel from a low of $68.55 on July 6th. This rise in energy costs poses a challenge to the Federal Reserve’s outlook and may impact future Consumer Price Index (CPI) reports.> Momentum Unwind: High-beta momentum stocks have experienced a significant sell-off, with Goldman Sachs' High Beta Momentum basket dropping 32.8% in just three weeks since its June 22nd peak. This drawdown is compared to the market environment in late 2021, just prior to the 2022 bear market.Earnings Calendar This is a major week for earnings releases. Key companies to watch include:> Google ($Alphabet(GOOGL.US)): Investors are focused on AI ROI, capital expenditure (CapEx) trends for 2026/2027, and memory cost pressures. There is concern that the market is not properly pricing in higher CapEx spending. > Intel ($Intel(INTC.US)): As a major semiconductor company reporting this week, Intel will be watched for CPU demand trends related to agentic AI growth. > Other Notable Releases: Tesla ($Tesla(TSLA.US)), Texas Instruments ($Texas Instruments(TXN.US)), GE Vernova ($GE Vernova(GEV.US)), Nokia ($Nokia Oyj(NOK.US)), STMicroelectronics ($STMicroelectronics NV(STM.US)), TE Connectivity ($TE Connectivity(TEL.US)), IBM ($IBM(IBM.US)), and ServiceNow ($ServiceNow(NOW.US)). Sector Notes> Semiconductors: The Philadelphia Semiconductor Index (SOX) is down 19% from its peak and is approaching oversold territory with an RSI of 40.62. > Strategy: There is a suggestion to shift focus toward "quality names" for long-term survival, as the previous market trend of buying "anything" between April and June appears to have ended. Check it out 👇
- E
Morgan Stanley: AI Infrastructure Meets Humanoids
> Could have $305B semiconductor sales by 2045 related to humanoids, about 24% cost of components coming from semis by that time frame. Up from 5% by today. > Potentially 1B units/year by 2045. > Humanoids within semi ecosystem will be 15% of spend as early as 2040. > Infineon & STMicroelectronics top picks from Europe. Both supplying microcontrollers.> STMicro: AI vision. Time of flight sensors and experience with Mobileye for vision pro sensors.> Infineon: inverters, on board charger, battery management system. > The bill of materials for each of these companies is $500 for Infineon, over $700 when including the power semis. STMicro $300-$600, whether you have a consumer or high end industrial robot. AI Infrastructure> Going towards 800VDC, GaN and SiC will be ~35% of bill of materials for server racks. > The best name based on power efficiency, delivery, roadmap, scale is Infineon. > Infineon has a great array of products an manufacturing advantage such as 300 mil and thin wafer handling.> Two things about servers comes down to as you enter the server and as you enter the GPU. Infineon has growth in both areas with GaN and vertical power delivery. > Infineon is a strong player in 400V and 480V, the Oberon structure as it is called for Nvidia. They do well with TPUs, Trainium, and other ASICs. It is about $1.5B of sales (~10%). Expected to grow to $2.5B and then $3-4B in FY28. $STMicroelectronics NV(STM.US) $Infineon Technologies(IFNNY.US)
- A
Prices of silicon carbide wafers (SiC) are warming up as demand picks up for power semiconductors used in AI data centers and 800V DC electric vehicles, media report, noting distributors say any client asking for additional SiC wafers must pay a premium due to tight supplies.
The SiC market has been through a 2-year downturn due to weak EV demand and overcapacity in China. Rising prices won’t help many producers outside of China yet, since China makers had sold at below-cost levels other companies refused. (Note: Beijing subsidizes many industries, perhaps none more than semiconductor-related). $STMicroelectronics NV(STM.US) $Wolfspeed(WOLF.US) $Coherent Corp.(COHR.US) $ON Semiconductor(ON.US) #Resonac #Rohm #ShinEtsuSource: Dan Nystedt
- A
TSMC plans to hike prices on mature-process chip manufacturing by a single-digit percent in the 4th quarter, media report, citing multiple unnamed chip design houses, with new pricing to take effect in January. Price hikes will vary by customer. Media surmise the AI boom is driving demand beyond advanced node (GPU, ASIC) chips into mature chips such as power management (PMIC), more. $Taiwan Semiconductor(TSM.US) $STMicroelectronics NV(STM.US) #semiconductors
Source: Dan Nystedt
- E
Renesas Electronics: AI Infra & Compute
The Rise of AI Servers and Inference Compute> Total general server shipments are expected to grow modestly (~1.3x) from 2024 to 2030. In contrast, AI Server volumes are projected to scale dramatically, growing ~2.4x, effectively doubling in volume over the period.> While GPUs have driven the initial training wave, the market is seeing a major pivot toward AI ASICs and CPUs as the industry shifts heavily toward inference. AI ASIC shipments are projected to grow ~3.0x by 2030, vastly outstripping GPU growth (~1.5x) and standard CPU growth (~1.7x).Revenue Drivers and Renesas’ TAM Expansion> The primary structural tailwinds include the grid-to-rack transformation, an increase in system complexity requiring advanced MCU control, and a crucial architectural shift to 800V and vertical power architectures.> Growth is driven heavily by Digital Power, followed by Memory Interfaces, and other supporting MCU components.The Power Bottleneck: Grid-to-Core Architecture> Grid Level: Managing power via Solid State Transformers (SST), Energy Storage Systems (ESS), and Uninterruptible Power Supplies (UPS) using Digital Controllers and high-voltage GaN (Gallium Nitride).> Rack Level: Stepping down power using 800V DC/DC converters, hot-swap controllers, and Power Supply Units (PSUs).> xPU Board Level: Delivering ultra-low voltage and high current directly to the processor via memory interfaces, high-speed optical module PMICs, and complex Vcore stages (utilizing integrated voltage regulators to optimize space and efficiency).Exponential Power Demand Metrics> Next-gen AI racks are projected to consume >1 megawatt (MW) of power, driving a >10x increase in power content per rack.> The AI Infra & Compute Power TAM is scaling almost exponentially toward 2030, with Voltage Regulator Modules (VRM) making up the vast majority of this value, followed by Intermediate Bus Converters (IBC) and AC/DC stages.> A single example leading next-gen AI board showcases the sheer complexity involved, requiring a GPU power solution with >10 Digital controllers and >100 Smart power stages, alongside a 48V IBC solution utilizing >30 MOSFETs. Dense packing drastically raises thermal constraints, making thermal performance and current density the ultimate competitive battlegrounds for silicon providers.This is bullish for many power semi names. $STMicroelectronics NV(STM.US) $Infineon Technologies(IFNNY.US) $Texas Instruments(TXN.US) $ON Semiconductor(ON.US) $Wolfspeed(WOLF.US)
+1 - A
STMicro has notified clients it will begin a new round of price hikes on microcontrollers (MCU) from June 28, media report, citing unnamed industry sources. The report sent shares of Taiwan MCU makers higher Monday, including Holtek, Weltrend, and Sonix. $STMicroelectronics NV(STM.US) $Infineon Technologies(IFNNY.US) $NXP Semiconductors(NXPI.US) $Microchip Tech(MCHP.US) $RNECY
Source: Dan Nystedt
- D
SpaceX: Is Starlink About to Be Unstoppable?
Starlink is the 'super base' underpinning SpaceX's long-term ambitions. It serves as the empire's core platform.
+27
SpaceXDeep Research - W
🚨 A ridiculous $56,000,000 bet was just placed on Starlink supplier STMicroelectronics to move +40% in the next 4 months.
STMicroelectronics is the primary chip manufacturer for Starlink, having shipped more than 5 billion RF antenna chips to SpaceX to date. With the historic SpaceX IPO right around the corner, someone dropped $56M on OTM $100 strike calls on $STMicroelectronics NV(STM.US) expiring in October.The stock currently trades at $70/share.
- P
European Chips Act 2.0:
I don't see any info on new names receiving investment.There are 4x reports all over 100 pages long lol.But from European Chips Act 1.0:Total investment of over €32B:- $STMicroelectronics NV(STM.US): €5.73B- $STMicroelectronics NV(STM.US) x $GlobalFoundries(GFS.US): €7.5B- ESMC: >€10B- Silicon Box: €3.2B- Infineon: €3.54B- ams OSRAM: €0.567B- Ephos: not disclosed- $ON Semiconductor(ON.US): €1.64B- $GlobalFoundries(GFS.US) solo: not disclosed- $XFAB: not disclosed Note: these are not from Chips Act 1.0, not 2.0 from today.Need to digest it all properly. So many words lol.
- C
$Coreweave(CRWV.US)$Cerebras(CBRS.US)$Penguin Solutions(PENG.US)$STMicroelectronics NV(STM.US)
have to take a look
- H
$STMicroelectronics NV(STM.US) | 𝐒𝐓𝐌𝐢𝐜𝐫𝐨𝐞𝐥𝐞𝐜𝐭𝐫𝐨𝐧𝐢𝐜𝐬: Mizuho reiterates 𝐎𝐮𝐭𝐩𝐞𝐫𝐟𝐨𝐫𝐦, raises 𝐏𝐓 𝐭𝐨 $𝟔𝟖
Analyst sees AI server and SiPho demand accelerating growth, supported by 800V architecture adoption and AI revenue expansion.
- M
$Semiconductor(CP00062.US). Jack
- H
$STMicroelectronics NV(STM.US) | 𝐒𝐓𝐌𝐢𝐜𝐫𝐨𝐞𝐥𝐞𝐜𝐭𝐫𝐨𝐧𝐢𝐜𝐬: Baird reiterates 𝐎𝐮𝐭𝐩𝐞𝐫𝐟𝐨𝐫𝐦, raises 𝐏𝐓 𝐭𝐨 $𝟗𝟎
Analyst sees AI, satellite, and power as key 2026 catalysts, with margin expansion and strong order visibility supporting upside.Source: Hardik Shah
- H
☀️ Pre-Market Earnings Recap:
$Union Pacific(UNP.US) $Nextera Energy(NEE.US) $Mobileye Global(MBLY.US) $American Airlines(AAL.US) $American Express(AXP.US) $Nasdaq(NDAQ.US) $Pool(POOL.US) $Comcast(CMCSA.US) $Blackstone(BX.US) $Roper Tech(ROP.US) $Lockheed Martin(LMT.US) $Thermo Fisher Scentific(TMO.US) $Honeywell Tech(HON.US) $STMicroelectronics NV(STM.US)Source: Hardik Shah
- H
$STMicroelectronics NV(STM.US) | STMicroelectronics N.V., Q1-2026 Earning Report
Source: Hardik Shah
- S
$NVIDIA(NVDA.US) actively pushing to 800V, and today was a pretty big signal.
"On April 22, 2026, NVIDIA has initiated discussions with major South Korean power equipment companies to explore designing DC infra based on an approximately 800V direct current (DC) system"Previous named Nvidia partners include: Infineon, $Texas Instruments(TXN.US), $STMicroelectronics NV(STM.US), $Navitas Semiconductor(NVTS.US), Delta, Flex, $Eaton(ETN.US), Schneider, and $Vertiv(VRT.US). It's been known they're been pushing for this but... looks like Nvidia is really driving it. Personally very small exposure to $Navitas Semiconductor(NVTS.US) since they're they have a high exposure for SiC/GaN ICs for 800V DCs. I know others really liked $Vicor(VICR.US) for exposure.Source: Serenity
- A
Rumor: SpaceX executives will visit Taiwan later this month for advanced chip packaging (FOPLP) and PCBs (printed circuit boards) help, as yields at new plants in Texas are far below expectations, prompting it to postpone mass production to mid-2027 from Q3-2026, media report, so SpaceX’s Taiwan suppliers Innolux, Compeq, Unitech PCB, others, will likely see orders expand for the next 2-years. In chips and packaging, SpaceX is said to work STMicro, GlobalFoundries, and Innolux (packaging). $STMicroelectronics NV(STM.US) $GlobalFoundries(GFS.US) $Tesla(TSLA.US) #SpaceX #semiconductors
Source: Dan Nystedt
- A
A new Japan ‘National Team’ for power semiconductors may soon arrive: Rohm, Toshiba, Mitsubishi Electric, plan to join their power semiconductor businesses to compete in data centers, EVs, railways, etc., media report, adding their combined global market share would be around 10%, making the world’s 2nd biggest player. #ROHM #Toshiba #Mitsubishi #Japan $Infineon Technologies(IFNNY.US) $STMicroelectronics NV(STM.US) $Wolfspeed(WOLF.US) $ON Semiconductor(ON.US) #FujiElectric #semiconductors
Source: Dan Nystedt
- A
Shares soared overnight in US trade among industrial/robotic/sensor chip makers after Microchip Technology raised guidance. Allegro +10.8%, Microchip +11.7%, NXP Semi +9.9%, Onsemi +5.2%, STMicro +7.3%, Texas Instruments +8.4%. Microchip raised its revenue guidance for the quarter ended Dec. 31 (FYQ3) to US$1.185 billion, above the range $1.109B - $1.149B provided at its last earnings call. 1/2 $Allegro Microsystems(ALGM.US) $Microchip Tech(MCHP.US) $NXP Semiconductors(NXPI.US) $ON Semiconductor(ON.US) $STMicroelectronics NV(STM.US) $Texas Instruments(TXN.US) #semiconductors #semiconductor
Source: Dan Nystedt
