After falling to a multi-year low earlier this month, shares of Qualcomm Inc. NASDAQ: QCOM have quietly bounced back, gaining 15% from that bottom to close at $139 on Tuesday night. QUALCOMM TodayQCOMQUALCOMM$136.52 -2.08 (-1.50%) 52-Week Range$120.80▼$230.63Dividend Yield2.49%P/E Ratio14.56Price Target$201.21Add to WatchlistDespite this rebound, the stock remains down 20% from its February high, offering a rare combination of technical recovery and deep-value appeal.Get QUALCOMM alerts:Earnings are due a ...

Core Viewpoint - The Zacks Electronics - Manufacturing Machinery industry is currently facing challenging macroeconomic conditions and high inventory levels, but companies like Kulicke and Soffa Industries, Axcelis Technologies, and Veeco Instruments are benefiting from increased capital spending in high-performance computing, AI, and other advanced technologies [1][2]. Industry Overview - The industry comprises companies providing solutions for wafer processing, device packaging, and semiconductor manufacturing, including thin-film processing systems and advanced packaging lithography [3]. - There is a growing emphasis on contamination-free transportation and storage of materials, highlighting the importance of micro-contamination control products [4]. Trends Influencing the Industry - Miniaturization in semiconductor manufacturing is driving demand for advanced packaging and new device architectures, which enhances prospects for industry participants [5]. - The complexity of semiconductor manufacturing processes is increasing due to the demand for faster and more energy-efficient semiconductors, driven by cloud computing, IoT, and AI [7][8]. - Strong demand for NAND and DRAM, particularly in data centers and cloud segments, is a positive indicator for the industry [9]. Industry Performance and Valuation - The Zacks Electronics - Manufacturing Machinery industry ranks 234, placing it in the bottom 5% of over 250 Zacks industries, indicating bearish near-term prospects [10][11]. - The industry has underperformed the broader Zacks Computer and Technology sector and the S&P 500, declining 47.2% over the past year compared to the S&P 500's growth of 6.7% [14]. - The current trailing 12-month EV/EBITDA ratio for the industry is 9.59X, significantly lower than the S&P 500's 15.82X and the sector's 14.68X [15]. Company Highlights - **Kulicke and Soffa Industries (KLIC)**: This company designs and manufactures capital equipment for semiconductor assembly. Its new Fluxless Thermo-Compression system is expected to enhance throughput and capture advanced logic customers. The consensus estimate for fiscal 2025 earnings is $1.49 per share, with shares down 35.4% year to date [16][17]. - **Axcelis Technologies (ACLS)**: Specializes in ion implantation and processing equipment, benefiting from strong demand in the silicon carbide market, particularly for EV applications. The consensus estimate for 2025 earnings is $2.55 per share, with shares down 32% year to date [18][19]. - **Veeco Instruments (VECO)**: Expected to benefit from improving demand for its laser annealing and wet processing systems. The consensus estimate for 2025 earnings is $1.35 per share, with shares down 28.2% year to date [19].

Taiwan Semiconductor Manufacturing Company Ltd. (TSM) is scheduled to report its first-quarter 2025 results on Thursday.The Zacks Consensus Estimate for first-quarter earnings is pegged at $2.02 per share, implying a 46.4% increase from the year-ago quarter’s reported number. The estimate has been revised a penny downward over the past 60 days.Image Source: Zacks Investment ResearchTaiwan Semiconductor expects revenues between $25 billion and $25.8 billion. The Zacks Consensus Estimate is pegged at $25.2 bi ...

Core Viewpoint - Borqs Technologies, Inc. has completed the sale of its core businesses to Sasken Technologies, Ltd. for a total of US$40 million, which includes embedded software design and customized hardware manufacturing for IoT products [1][2]. Group 1: Transaction Details - The sale includes customer contracts, technology licenses, intellectual property, employment agreements of key personnel, and essential subsidiaries for servicing customers [2]. - A portion of the sale price will be reserved for employees and tax withholding, with payments subject to an earnout arrangement linked to performance in 2025 [1]. Group 2: Strategic Implications - The acquisition will enable Sasken to enhance its capabilities in designing, developing, and commercializing connected devices, including mobile phones, tablets, smartwatches, and various IoT products [3]. - Sasken aims to strengthen its portfolio and competitiveness in high-demand markets such as Automotive, SatCom, Consumer, Industrial, IoT, and 5G through this acquisition [5]. Group 3: Company Background - Borqs, founded in 2007, is recognized for its end-to-end wireless product solutions for mobile telecommunications and IoT, with strategic alliances with industry leaders like Qualcomm [6]. - The company has approximately 300 employees and a global presence, positioning itself to capitalize on the growing demand for IoT and 5G technologies [6]. Group 4: Future Focus - Borqs plans to utilize the cash received from the transaction to invest in emerging opportunities in AI and capital-related ventures, aiming to shape the future of these industries [4].

Group 1 - Khaveen Investments is a global investment advisory firm serving high-net-worth individuals, corporations, associations, and institutions [1] - The firm offers comprehensive services including market and security research, business valuation, and wealth management [1] - The flagship Macroquantamental Hedge Fund maintains a diversified portfolio across various asset classes, geographies, sectors, and industries [1] Group 2 - The investment approach integrates top-down and bottom-up analysis, blending global macro, fundamental, and quantitative strategies [1] - Core expertise lies in disruptive technologies such as Artificial Intelligence, Cloud Computing, 5G, Autonomous and Electric Vehicles, FinTech, Augmented and Virtual Reality, and the Internet of Things (IoT) [1]

Telefonica, S.A.'s (TEF) digital business arm, Telefonica Tech, has partnered with Dexory, a robotics and data intelligence provider, to accelerate the digital transformation of the logistics sector. The collaboration will be officially announced at Advanced Factories 2025, Europe's premier industrial innovation congress, held in Barcelona, Spain, from April 8 to 10. The initiative will empower logistics, distribution and manufacturing businesses by integrating Telefonica Tech's cutting-edge IoT connectivit ...

Core Viewpoint - Infineon Technologies AG is acquiring Marvell Technology's Automotive Ethernet business for US$2.5 billion to enhance its capabilities in software-defined vehicles and expand its market-leading microcontroller business [1][7]. Group 1: Acquisition Details - The acquisition price is set at US$2.5 billion in cash, and the transaction is subject to regulatory approvals [1][5]. - Marvell's Automotive Ethernet business is expected to generate revenue of US$225 – US$250 million in the 2025 calendar year with a gross margin of around 60% [3][7]. - The acquisition will be financed through existing liquidity and additional debt, with financing secured from banks [5][7]. Group 2: Strategic Fit and Market Position - The acquisition is described as a strategic fit for Infineon, enhancing its position as the global leader in semiconductor solutions for the automotive industry [2][7]. - Infineon aims to leverage Marvell's Ethernet technology to provide comprehensive solutions for software-defined vehicles, including advanced driver-assistance systems and autonomous driving [2][4]. - The deal is expected to create additional growth opportunities in adjacent fields such as humanoid robots and IoT applications [2][7]. Group 3: Customer Base and Future Growth - Marvell's Automotive Ethernet business has established relationships with over 50 automotive manufacturers, including eight of the ten leading OEMs, supported by a design-win pipeline of around US$4 billion until 2030 [3][7]. - The combination of Marvell's technology with Infineon's AURIX™ microcontroller family is anticipated to enhance product offerings in communications and real-time control [4][7]. - The acquisition is expected to yield additional cost synergies through combined R&D efforts and leveraging Infineon's production capabilities [3][7].

Core Insights - TROOPS, Inc. has received an initial investment exceeding US$10 million from Wang & Lee Group, which is expected to be completed by mid-April 2025, highlighting the rapid progression of their partnership aimed at integrating advanced technologies [1][2] - The collaboration focuses on creating smarter, greener communities, leveraging Wang & Lee's expertise to enhance urban living through sustainable and convenient technology solutions [2][3] - The investment strengthens TROOPS' liquidity position and aligns with its strategy to enhance asset value and tenant retention while addressing global ESG priorities [3] Technology Integration and Innovations - TROOPS plans to implement AI-driven advertising platforms for hyper-targeted advertising solutions to improve tenant engagement and revenue [5] - The company will install IoT smart home devices that are energy-efficient and enhance security in select properties [5] - A blockchain-based ESG rewards system will be developed to incentivize sustainable practices among tenants and visitors, with potential partnerships to expand token redemption opportunities [5] Strategic Roadmap - The partnership with Wang & Lee is expected to scale IoT and AI smart home systems across up to 200 buildings, enhancing operational efficiency [5] - The collaboration will leverage Wang & Lee's acquisition of Solar (HK) Limited to integrate renewable energy solutions into TROOPS' portfolio [5] - The strategic roadmap aims to address global ESG priorities while enhancing the overall value proposition for stakeholders [3]

Core Points - Sequans Communications has regained compliance with NYSE listing standards after addressing previous deficiencies [1][4] - The company faced non-compliance due to its average global market capitalization falling below $50 million and stockholders' equity also being below $50 million [2][3] - Corrective actions included a reverse stock split and a $200 million strategic transaction that improved stockholders' equity and market capitalization [3] Company Overview - Sequans Communications S.A. specializes in 4G and 5G semiconductors and modules for the Internet of Things (IoT) [1][8] - The company focuses on innovation in the cellular IoT space and aims to strengthen its position as a technology leader [2][8] - Established in 2003, Sequans is headquartered in France and has a global presence with offices in multiple countries [8]

Financial Data and Key Metrics Changes - Net sales for Q4 2024 totaled $28.6 million, a decrease of 20.6% from $36.1 million in Q4 2023 [22] - For the year ended December 31, 2024, net sales were $128.1 million, down 8% from $139.3 million in 2023 [22] - Gross profit for Q4 2024 was $2.8 million, or 9.9% of net sales, compared to $6.8 million, or 18.9% of net sales in Q4 2023 [25] - Adjusted EBITDA for Q4 2024 was a negative $585,000, compared to a positive $3.2 million in Q4 2023 [29] - Year-end 2024 adjusted EBITDA was $2.1 million, down from $8 million in 2023 [30] Business Line Data and Key Metrics Changes - Aerospace and defense net sales were negatively impacted by the closure of the Blue Earth facility and transfer of customer programs to Bemidji, leading to unexpected delays [7][24] - Industrial and medical customers faced revenue headwinds due to market softness and inventory reductions [23] Market Data and Key Metrics Changes - The company experienced a reduction in customer backlog in Q4 2024 as customers requested shorter lead times with new orders [24] - Inventory levels were $21.6 million as of December 31, 2024, slightly down from $21.7 million in 2023, reflecting a buildup in anticipation of the Blue Earth facility transition [32] Company Strategy and Development Direction - The company is focused on consolidating its North American footprint and optimizing its facilities to improve long-term EBITDA generation [16] - Investments in core infrastructure and leadership teams are aimed at driving long-term growth [13] - The three-tier global manufacturing strategy across the U.S., Mexico, and China provides flexibility to respond to market dynamics [17] Management's Comments on Operating Environment and Future Outlook - Management expects aerospace and defense business to normalize in the second half of 2025, despite ongoing revenue headwinds in the first half [8] - The company is closely monitoring geopolitical uncertainties and trade policies that may impact operations [11] - Management remains optimistic about future growth and is committed to investments that accelerate long-term growth [15] Other Important Information - The company completed a 30% reduction in lease space at its Maple Grove facility, resulting in annual savings of at least $1.6 million starting in 2025 [12] - The company is focusing on reducing inventory investments in 2025 by several million dollars [27] Q&A Session Summary Question: What are the expectations for the aerospace and defense market? - Management expects the aerospace and defense business to return to normal in the second half of 2025, despite current challenges [8] Question: How is the company addressing the impact of tariffs? - The company is monitoring tariff impacts closely and adjusting customer pricing and sourcing strategies as needed [10] Question: What are the company's plans for innovation and technology? - The company is committed to advancing its engineering capabilities and product innovations, particularly in fiber optic technology [39][40]