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  • Apple: ARM-Based Macs Are Not Only Feasible, They May Be Inevitable [View article]
    Not my decision, see Cadence, but power was reported to be key. Jump to cadence news pages and find
    *"ARM and Cadence Expand Collaboration for IoT and Wearable Device Applications Targeting TSMC’s Ultra-Low Power Technology Platform Cambridge, UK, and San Jose, USA, 30 Sep 2014"
    *"21 Apr 2014 ARM Implements the Cadence Library Characterization Solution for Advanced Node Foundation IP Development"
    *"19 Feb 2014 Cadence Launches Next-Generation Tensilica High-Performance ConnX Baseband DSP Family18 Feb 2014 "
    *"Cadence to Acquire Tensilica for $380 million in cash Mar 12 2013"
    and then also
    *"TSMC Adopts Cadence Solutions for 16nm FinFET Library Characterization Virtuoso Liberate Characterization Solution and Spectre Circuit Simulator together double the speed of characterization for 16nm FinFET libraries SAN JOSE, Calif., 03 Sep 2014"
    Jan 18, 2015. 08:09 PM | Likes Like |Link to Comment
  • Sequans Communications: Is The Stock Crash Overdone? [View article]
    What's USI going to choose: JV w/West or East?, Investments by USA or Europe?
    A little background first: 2008 Intel sailed into Taiwan with a bag of cash and offered to support WiMax technology there. They did the same in Europe. Then Alcatel merged with Lucent and favored Europe's WiMax provider SEQUANS instead of Intel. Intel quit the tech about a year later and the provider field slowly collapsed, Clearwire most famously. Does Intel have any welcome remaining in Taiwan? Taiwan have repeatedly selected providers of WiMax who have quit the field and as a result did not have a product that could develop over time. Now, Global Mobile & Vee Time are on the cusp of selecting new providers and setting a WiMax-to-LTE upgrade path to keep existing hardware and customers and expand coverage and bandwidth. WiMax 2.1 is posed to become both a customer offering and a wireless backhaul tech serving industry and smallcells.
    Alcatel is the world leader still active in WiMax-to-LTE network upgrades. But there are small players from the recent past: GREEN PACKET & Telrad.
    USI is a Internet of Things (IoT) product design leader in this new frontier and this post is about which wealthy tech investor will get the deal with USI: Foxconn, Apple, STMicro, or Intel.
    Intel's recent investments in mainland China indicate its choice of winners and losers. And they are spending steeply. A political view suggests Taiwan's welcome is cooled but: 'politics (and money) make strange bedfellows', goes the saying.
    Apple is a current customer of USI, it is reported. But who kept the fab staff and who the design staff in the ASE-USI split?
    Foxconn is also reported to target IoT acquisitions and is the home-town hero.
    STMicro sent its CEO to China and Taiwan last summer with mixed success given news of Intel deals, "Jun 11,2014 STMicroelectronics and Tsinghua University establish joint laboratory for innovation in electronics" "STMicroelectronics eyeing IoT market DIGITIMES 10 June 2014"
    ... then formalized those discussions to share IoT development through government-level treaty with Taiwan in the Autumn "Taiwan, France to cooperate on Internet of Things 2014-09-13" Taiwan Central news
    Huawei loudly announced its desire to do more business in Europe and France days later here in fin24: "Huawei makes huge smartphone play in France 2014-09-30 14:54" and "Huawei plans to invest USD 1.9 bln in France in three years"
    For perspective, recall the lost contracts referenced above and beware any deal by Intel with USI. However, the political look suggests that Foxconn or STMicro will be the leading bidders for USI. Intel has its mainland sources settled. But that's just guessing. STMicro is not wealthy but they are motivated by losses to NXP in NFC chips and auto JVs. And they have an industry in France being supported by its political leaders with renewed economic vigor. They want economic recovery, not merely survival. The Euro is no longer headwind for them. And Taiwan may recall being scorned by Intel in the past.
    With these thoughts, the USI news looks to foretell good news for Sequans. Intel has been, and could be again the spoiler if their financial strength is used there. But France has made agreements with Taiwan's political leaders, all who are more sensitive to reversals and public image. That high-level detente suggests beneficial results.
    This is a nail-biter of a story.
    Jan 18, 2015. 07:48 PM | Likes Like |Link to Comment
  • Sequans Communications: Is The Stock Crash Overdone? [View article]
    Taiwan news 1/15: USI spinning out from ASE to become separate company. Sequans benefits?
    Headline posted in Taiwan 1/15 before trading started today. This will give USI flexibility for further outside investors and Joint Ventures and to establish new relationships. Recall USI is one of the world's premier Silicon System Integration Product design firms with unique capability in tiny systems boards - think micro-sized products for medical systems and more: Apple Watch etc. AND they have a Joint Venture deal with SEQUANS with Callibi IoT module product designs.
    Will Apple buy a major share? A large USI FUND-RAISING ROUND WAS COMPLETED last year for new business:
    **"21 November 2014 Advanced Semiconductor Engineering (ASE) has announced that affiliate Universal Scientific Industrial (USI), which specializes in electronics design and design manufacture services, has raised an additional paid-in capital of CNY2.06 billion (US$336 million) from China's capital market. Listed on the Shanghai Stock Exchange, USI issued shares at a price of CNY27.06. The new funds will be used for the production of wireless modules and wearable miniature modules, ASE disclosed."
    See 6-K for new shares details.
    If a public shares offering is made and new partnerships formed it would traditionally pre-date an aggressive period of acquisitions.
    Will private JV or buy-in deals be made?
    Sequans has a bigger role? All depends on the future investors. As we saw with Picochip and Fujitsu, if the buyer isn't friendly because they compete directly in the RFIC space then deals get cancelled. In this case with Apple already a USI customer that is NOT competing DIRECTLY in RFIC, then it seems to bode positive and even bullish for SEQUANS' future. And I expect that G demanded a protection clause this time that he didn't demand from Picochip: Fool me once... etc.
    Here are the formal 6-K, Press Release, and a news announcement from Taipei Times in English 6-K PR Taipei Times 1/15
    Jan 18, 2015. 07:20 PM | Likes Like |Link to Comment
  • Sequans Communications: Is The Stock Crash Overdone? [View article]
    What happened to 2014 MOMENTUM?
    It's not about the gear. It's about the competition. Just like in romance.
    Remember when G said Sequans was entering 2014 with momentum? I sure do. What happened? Here's a recap.
    - Joint venture with Mindspeed's Picochip division to produce gateways lost to buyout. Then MA-COM's new Mindspeed division replaced Sequans with Altair in its gateways.
    - Joint venture with Fujitsu to produce multiband M.2 modem solutions "lost" - sort of - to buyout of Fujitsu Semiconductor Wireless Products. Exactly what happened isn't clear but it appears there is still a device to sell but the primary customer was Fujitsu itself for its PC products to use internally and it seems reasonable to guess the new owner said "no".
    - Kurio 7x announced at CES last January was either completely lost or indefinitely delayed since Techno Source redesigned the 7x into the 7 Extreme with Atom CPU Inside, and very possibly an Intel LTE modem, but we don't know yet.
    - Unnamed router was delayed until 12/29/14 release as a VZW device.
    - Pinyon portable router is still "coming", whenever the market in India is ready.
    - China Telecom CPE device designed and produced by DATANG Mobile is still "coming", whenever the market in China is ready.
    - China Mobile CPE device designed and produced by DATANG Mobile plus 2 new unspecified devices designed by new partners are still "coming", whenever the market in China is ready.
    - Mobile computing and mobile router devices for Europe are supposedly shipping 2015.
    We have LTE-A Release 9 in our Mont Blanc and Release 10 with Colibri. Thanks to the new patent, there's value in the company even if they never make another sale. Recent announcements in Taiwan regarding WiMax 2.1 WiMax-to-TDDLTE technology adoption are good news for 2015 chip sales. Here's hoping. GL to all.
    Jan 18, 2015. 07:15 PM | Likes Like |Link to Comment
  • Apple: ARM-Based Macs Are Not Only Feasible, They May Be Inevitable [View article]
    yes Q gave up their own dsp - I never knew its name. Their new ARM chips use Tensilica because it is required for the new ARM designs.
    I didn't say anything critical of CEVA. There are still a lot of older ARM chips being fabbed for 3.5G/HSPA+ and other apps and I fully expect CEVA to live long and prosper, just not in the latest ARM SoC for LTE-A.
    Jan 17, 2015. 09:51 PM | Likes Like |Link to Comment
  • Apple: Ditching Intel Processors Would Be Disastrous [View article]
    @Author AR re "Kuo's Reasoning Is Weak"
    No. It isn't. He knows that there is a DSP sea-change happening and INTEL and Q are struggling with it and it drove ST-ERIC out of the thin modem business. Tensillica has supplanted CEVA in the latest ARM libraries. See longer comments on Mark Hibbens
    and Russ Fischer here

    The AP IC needs to talk to the RF IC and old dogs are having to learn new tricks. Many are stuck in the old AP arguments and that's not it any more.
    Jan 17, 2015. 05:07 PM | Likes Like |Link to Comment
  • Apple: ARM-Based Macs Are Not Only Feasible, They May Be Inevitable [View article]
    @Author Mark Hibbens re "The most compelling reason... ARM ... Intel..."
    There's a technology sea-change that has remained 'under-the-radar' for most remarking here, apparently. All the latest ARM designs have changed DSPs. Tensillica has supplanted CEVA. THAT means new software coding. As you look at the struggles Q is reported to encounter and wonder why, it is certainly tangled with its use of new Tensillica DSPs in place of its own house-developed custom DSPs. ERIC (ST-ERIC) suffered the same difficulty and were driven out of the thin modem business of phones. Yes, this is a bit esoteric.
    Now when you combine ^that^ fact with the fact that INTEL quietly bought a technology to interpret the two DSP families, you have a whole new paradigm entering the fabless chip design world. That technology was developed by Fujitsu. I posted longer remarks about it to SA back on 11/23/14 here
    As you consider what IC will be the king of APs in the future, consider that it needs to "talk to" its RF IC too.
    Jan 17, 2015. 04:50 PM | Likes Like |Link to Comment
  • Watch Out Apple: Here Comes Xiaomi, Microsoft Might Be Right Behind [View article]
    @Michael Blair
    I'm posting a second time to add to your click revenues just because you deserve the clicks for being so clever to kick the APPLE hive and anger the occupants. Cynical, a little. But smiling as I read....
    Jan 17, 2015. 04:30 PM | 5 Likes Like |Link to Comment
  • Watch Out Apple: Here Comes Xiaomi, Microsoft Might Be Right Behind [View article]
    @Illuminati Investments re "razor thin margins"
    You could have and should have included a reference to legal obligations that will soon come due and will subtract from those margins. Xiaomi may sell enough devices to stay ahead of the legal claims but that will be net = ponzi scheme. Crash will result if...
    However I propose there is something very clever happening here related to IP and the method of calculating it. I have been commenting on a Q article on SA about this and it is relevant here also:
    If Xiaomi demonstrates in Western markets profitability, then it will have established a new datapoint for value and THAT will change the calculus for IP in court arguments. Other lower-cost brands might have but didn't fight the status quo as a trade-off for success here. The Xiaomi argument will become that IP royalties should not be based on the excess that the West pays when China has shown a different valuation. In addition, China wants to return to smallest salable patent-practicing unit as the basis and they have been joined by APPLE in its arguments with ERIC.
    Once again I am reporting breaking news out of Chinese language sources that the West is not reporting and that makes the West uncomfortable. Q and ERIC at the least.
    Whether Xiaomi succeeds in the West as a brand, I don't care. They are a big electronics maker in China making TVs and more. But to enter the world and be disruptive and change IP laws; ... as the advertisement says: "priceless".
    Jan 17, 2015. 04:20 PM | 3 Likes Like |Link to Comment
  • The Antitrust Probes Against Qualcomm Are Good For Intel Investors [View article]
    @David RG re: "Qualcomm's IP is not about ICs"
    Sigh, Never said it was. But their own SoC "ICs" they design certainly have royalties. Both hardware and software can have IP and all of that data can be disaggregated with a great deal of effort.
    ***THAT is China's goal.
    My comment is solely about patent royalties and how every e-device has a parallel royalty obligation based on either the smallest salable patent-practicing unit or the final sale price of the device. China wants a 'royalties BOM' along with its hardware BOM in order to build a database and a new calculus of smallest salable patent-practicing unit obligations. I assert they already have a draft of the calculus from building China Mobile branded smartphones with Q inside, plus data from other national brands who provided details during the state investigation into royalties over-charging. Did you not know that the State asked for the data backing up complainants claims?
    China wants to dump the method Q and ERIC have been using. When it does it will have access to hardware BOMs data also and the sources and values. This will create a sales target list for their sales people.
    @David RG re: "Apple...not essential..."
    You need to find a better news source that you can understand. They make the claim YOU cite together with the claim that royalties based on final device sale price is invalid and should be based on smallest salable patent-practicing unit. They know that final sale price is leading to an over-sized royalty demand and that there are non-essential units being claimed. It is a legal positioning tactic. The argument will be waged around what is and is not essential and what value those essential units hold compared to what is demanded. THAT is identical to the Chinese demand.
    HERE are the quotes so that others can see what you can't:
    "The royalties should be based on the value of the processor chip that includes the technology, Apple said in the lawsuit filed in a federal court in California. If Ericsson's patents are deemed essential and the court rules Apple has infringed on them, Apple said it wants the court to assign a reasonable royalty rate."
    "The device maker believes royalties should be based on the cost of the chips used in its devices, according to Reuters, but says Ericsson has been calculating licensing fees as a percentage of the value of the whole device."
    Again. Keep the chalk.
    Jan 17, 2015. 03:56 PM | Likes Like |Link to Comment
  • The Antitrust Probes Against Qualcomm Are Good For Intel Investors [View article]
    The APPLE v. ERIC suit we just learned about today is using PRECISELY the same argument China's NDRC is using. "...The royalties should be based on the value of the processor chip that includes the technology, Apple said in the lawsuit filed in a federal court in California..."
    "... The device maker believes royalties should be based on the cost of the chips used in its devices, according to Reuters, but says Ericsson has been calculating licensing fees as a percentage of the value of the whole device... Our view is that royalties should be based on the value that the technology in the device brings to the end-user," said an Ericsson spokesperson. "The price of the chip-set has nothing to do with the value the technology brings to the end-user." "
    This indicates the NDRC will win and Q's revenues and the price of e-gear with RAN chips will plummet. Since this is posted to an article about Q & INTC both, I will remind that INTC desired to be a lower cost option compared to Q. That marketing approach is now disappearing.
    MY argument for many months is that 2G & 3G are dinosaurs and all the arguing is about obsolete tech. Just transition to LTE and end the lawsuits. Get the public infrastructure converted: police, fire, E911, etc. The gear is all on-the-shelf now. It's a "shovel-ready" project. Hey Republicans in Congress! Are you listening?!
    Jan 14, 2015. 01:03 PM | Likes Like |Link to Comment
  • Intel And The SSD Market [View article]
    Hello Jack, glad you had a good experience with your SSD. I upgraded to INTEL SSD in my laptop back in 2012 or 13 and it was a massive speed enhancement until ..... on a Patch Tuesday the updates caused it to crash and Intel tech support stated it was a known issue. Money back but trust lost. I bought Samsung after that. Fool me once... etc.
    Intel is making significant headway in China and their Industrial base needs lots of harddrives for data centers and cloud services etc. SSD at lower power is already the default choice, I have read, so this looks like a good market if their reputation for stability hasn't been tarnished as it has with me.
    Jan 13, 2015. 10:01 PM | Likes Like |Link to Comment
  • Alcatel-Lucent: 3 Things That Matter Most In 2015 [View article]
    ALU won 3 big China cellco contracts because their Chinese division is 50% owned by SOE and the factory building the routers is 85% SOE. The calculus for revenue coming from China is hidden. The news _IS_ upbeat. The major part of SP rise is probably done for 1H15 ($2.40-3.xx) given that the cable IPO is on the horizon. 2H15 might be exceptionally strong given macro-economic leadership changes being made. An eventual value around $6-7 seems reasonable post-divestitures.
    Jan 11, 2015. 04:07 PM | 2 Likes Like |Link to Comment
  • The Antitrust Probes Against Qualcomm Are Good For Intel Investors [View article]
    Hello DRG, You've proven your knowledge on this forum beyond anyone's doubts, but you are spinning a falsehood in your reply. Since I made no such statement about IC royalties, I'll give you the chalk to mark up your 'winning' point even though it has nothing to do with my comments. If you'd like to make other winning comments on unrelated subjects, keep the chalk.
    Since you may have distracted other readers, I'll point out that the whole phrase is: 'protects the IC industry from so much awareness' and is a reference to how BOM is a trade secret poorly kept - an unreported, but 'open secret' which is available upon inspection once a device goes to market- but nonetheless a record of what works best, and thus a target for 'acquisition'; and its secrecy is a competitive advantage; and the 'bundling' to which I refer is not only the several services, but also the net royalty payments paid by the device maker. Funny that you accused otherwise, well not so funny actually.
    Whatever your sympathies might be, Chinese companies are angry about those bundled services and agreements and are demanding both unbundling options, change of terms and change of their expenses including the calculus used in FRAND.
    I make the point, which upsets both you and SteveR, that a change to FRAND calculus IS being demanded and its implications is big and obvious once admitted, and formalized reporting of BOMs will be part of the resultant change just as so many other reports are required under international trade agreements. Every chip and clip and everything with FRAND value is going into the database; and device-by-device into spreadsheets for a new FRAND calculation based on smallest salable patent-practicing unit suiting the NDRC demands. From all this data NDRC will be able to know who is buying what, and just like our own intelligence services, will know where to place efforts - in this case more sales efforts. They will have 'sunlight' shining on competitor's activities.
    It all begins from their demands - widely reported in Chinese but not in English- that the long-established license terms Q has used are to be broken, creating an 'every man for himself' re-make. Every device maker will be required to recalculate their FRAND obligations, IF China gets their way, and that is precisely the objective.
    The new calculus and BOMs are inseparable. Q's licensing methods shields reporting of BOMs and avoided the massive database and calculation per device and that convenience is ending.
    SteveR correctly points out the assault on Q's business model and I referred to it as war.
    If components and devices weren't mostly made and assembled in China, this would not be occurring. And maybe Brazil and Mexico and India will gain as a result.
    SteveR also correctly states 'we will see...',
    Jan 11, 2015. 03:38 PM | Likes Like |Link to Comment
  • The Antitrust Probes Against Qualcomm Are Good For Intel Investors [View article]
    @Author AR re :"The Antitrust Probes Against Qualcomm Are Good For ..."
    'Beware what you ask for since you might get it', goes the saying.
    I'm also thinking of Dickens' Scrooge as I type this. Your reader replies above reflect how Western news is reporting China's NDRC actions and none are more distorted than Reuters. I can fairly summarize official China position differently and accurately:
    1) Break Q's requirement to be locked into multi-year agreements for bundled services - QRD, chip buys and patent coverage, etc.
    2) Revise the patent fee formula required by Q, currently based on device retail sales price: design a new spreadsheet based on smallest salable patent-practicing unit. Complex though it is, it is a vast database that reflects a fairness model with 'sunlight', it will be argued.
    3) Gain access to BOM's of all non-Chinese and/or Western branded e-devices through the above revised formula and thereby gain visibility into competitor market and pricing.
    4) Enforce Chinese component selection in Chinese branded e-devices.
    5) Take increased IC market share beginning in China, expanding to ROW.
    If you are reading this and doubting those 5 points, I promise you that bankers and fund managers are not. Q's current practices protects the IC industry from so much awareness. China wants to use Western sensibilities of fairness to gain market share. The fact of State support in pricing will be the Western reply, eventually. But as we've already seen in other trade disputes, trade dispute cases depend on facts which take years or decades to accumulate by which time the market war is won.
    Q is merely the target-du-jour.
    Business is war. Read The Art of War by Sun Tzu.
    Intel has.
    Jan 8, 2015. 03:51 PM | Likes Like |Link to Comment