The Must Read PSA Weekly Research Round-up (week to 02 Sep)

REPORTS: Ferrotec Holdings (6890 JT) / AMD’s Ryzen 7000 Series / INDUSTRY INSIGHTS: Global console sales -2% YoY in week to 20 August / 2022 LCD monitor shipments set to fall / Q2 2022 global NAND revenues +10% YoY, +1% QoQ / Japan’s semiconductor material suppliers lured by US CHIPS Act to invest / US DoC’s restrictions hit SPE- / packing-related stocks / Hydrogen theme revival / China plug-in vehicle sales continue to soar despite new subsidy for ICEs / July global auto production / Aug US auto sales / EV battery plant announcements / COMPANY INSIGHTS, NEWS, Previews & RESULTS: What are the implications if Amazon bids for EA? / UK’s CMA raises concerns over Microsoft / Activision deal / M&A action in Japan’s Video Game sector / Eidos sale brings in ¥10bil to SQE / Renesas to buy Steradian for its 4D Radar Chips / Daikin edges up as copper breaks $8,000/tonne / Fanuc almost back to Q1 release levels / Ferrotec at a 7-month high / Diamond Electric sinks 9% on new dilution / MISCELLANEOUS MARKET & MACRO: Macro data out this week / Is Japan quietly tightening?

The Weekly Comment by Pelham Smithers

Pelham Smithers discusses the likely trajectory of global semiconductor revenues for 2022 and 2023 and considers whether the markets are being unduly pessimistic.

Reports / Flash Notes Published This Week: Headlines at a Glance

1. Ferrotec Holdings (6890 JT) Update
2. AMD (AMD US) Launches the Ryzen 7000 Range

Company / Sector / Thematic Comments at a Glance

Technology: Consumer Electronics, Gaming

1. Global Console Sales Down 2% YoY in Week to 20 August
2. 2022 LCD Monitor Shipments Set to Fall
3. What Are the Implications if Amazon (AMZN US) Bids for EA (EA US)?
4. UK’s CMA Raises Concerns Over Microsoft / Activision Deal
5. M&A Action in the Japanese Video Game Sector
6. Square Enix (9684 JT) Estimates ¥10bil Gain on Eidos Sale
7. Other Consumer Elec / Gaming News & Moves That Caught Our Eye

Technology: Industrial Electronics / Components / Semis & SPE / Precision

8. Our Thoughts on AMD’s Ryzen 7000 Series Launch
9. Renesas (6723 JT) to Buy Steradian for its 4D Radar Chips
10. China NEV Sales Continue to Soar Despite New Subsidy for ICEs: Good News for Auto-use Semi-Plays
11. US DoC’s Restrictions on Nvidia (NVDA US) and AMD (AMD US) Send Japan’s Related Plays Lower
12. Ferrotec (6890 JT) Closes at 7-Month High
13. Diamond Electric (6699 JT) Shares Sinks 9% on New Dilution
14. Other Tech-Related News & Moves That Caught Our Eye

Chemicals / Materials

15. Japanese Semiconductor Material Suppliers Lured by US CHIPS Act to Invest
16. Kaneka’s (4118 JT) Q1 and Outlook for FY22
17. Adeka’s (4401 JT) FY22 Plans Saved by Agrochemicals
18. UBE (4208 JT) to Lower Exposure to Commodities
19. Showa Denko (4004 JT): Something Has to Give


20. Auto Battery Plant Announcements
21. Reactions to Japan’s Automakers’ July Auto Production and Sales Figures
22. Japanese Automakers Report Declines in US Auto Sales
23. Suzuki (7269 JT) Rises on Maruti’s (MSIL IN) Ambitious BEV Plans

Auto Parts / Machinery

24. Daikin (6367 JT) Edges Up as Copper Breaks $8,000/tonne
25. Fanuc (6954 JT) Almost Back to Q1 Release Levels

Internet / eCommerce

26. Recruit (6098 JT) Bounces on Improved Employment Data
27. A Rough Day for Rakuten (4755 JT)
28. Other Internet / eCommerce News & Moves That Caught Our Eye

Enterprise Software / IT Services

29. NTT Data (9613 JT) Does More M&A Ahead of NTT (9432 JT) Subsidiary Merger


30. Hydrogen Theme Revival
31. Other News & Moves That Caught Our Eye

Market / Strategy / Macro

32. Is Japan Quietly Tightening?
33. Macro Data Out This Week

PSA Company Visits, Tours and Interviews

Visited: Ferrotec (6890 JT), Diamond Electric (6699 JT), Shin-Etsu Chemical (4063 JT), Asahi Kasei (3407 JT), Tokyo Ohka Kogyo (4186 JT), Kaneka (4118 JT)
Conference Call with: SRE Holdings (2980 JT)
Presentation at: Adeka (4401 JT)

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