Core Argument - The pervasive use of "buzzwords" and unclear language (referred to as "bullshit") in communication creates confusion and hinders genuine connection [1][2] - This type of language prioritizes appearance over truth and aims to impress rather than inform [1] - Overuse of abstract and meaningless language erodes the cognitive landscape and wastes time [1] Impact and Consequences - "Bullshit" acts as a separator, creating a void in understanding and hindering meaningful communication [1] - Over-reliance on jargon can lead to cognitive decline and a sense of emptiness [1] - Time is wasted navigating through unclear language instead of engaging in meaningful activities [1] Solutions and Recommendations - Individuals should become "BS agents" and call out unclear or misleading language [1] - Purge one's own language of "bullshit" by using clear and simple explanations [1] - Constantly question the meaning of words and phrases to ensure clarity and understanding [1] - Reclaim language for its original purpose: to connect, inspire, and clarify, rather than to confuse [2]

Can you imagine that you can be get paid for protecting climate. Is it possible. Yes, it's possible through carbon credit.That's why I have selected today's topic building billion dollar ideas from carbon credit. Have you ever heed this carbon credit terms. Do you know about carbon markets.If not, it's absolutely okay. After my presentation, I can assure that you can learn something really interesting and you can also build a billion dollar ideas from carbon credit. And this is a new sustainable currency.Tr ...

RT Bloomberg Live (@BloombergLive)We’re excited to welcome Paul Tham, Group Chief Financial Officer @CapitaLand Investment, to the #SustainableBizSummit Singapore! Don’t miss his perspective on finance’s role in accelerating sustainability. Join us June 30! https://t.co/ZjhpCN5rGx https://t.co/WNKbqmkdil ...

RT Bloomberg Live (@BloombergLive)How can sustainability leaders create value in volatile times? Join us at the #SustainableBizSummit in Singapore on July 30 to hear how business and finance leaders are scaling strategy and building impact amid global change. ...

RT Tesla Owners Silicon Valley (@teslaownersSV)As I sit back on my flight to Austin, I reflect on the seven years since starting this handle and this club.I could’ve never imagined this journey, the experiences, or the epic community we’ve helped build.I’m in awe of the support from the community, Tesla, and Elon Musk.I’m thankful for my wife, kids, and God, who’ve been my biggest champions and support system.Never let the haters or noise stop you from building.A reminder: Kelvin and I don’t do this full-ti ...

As I sit back on my flight to Austin, I reflect on the seven years since starting this handle and this club.I could’ve never imagined this journey, the experiences, or the epic community we’ve helped build.I’m in awe of the support from the community, Tesla, and Elon Musk.I’m thankful for my wife, kids, and God, who’ve been my biggest champions and support system.Never let the haters or noise stop you from building.A reminder: Kelvin and I don’t do this full-time; we work in tech in Silicon Valley. We’ve gi ...

[Musique] Est-ce que vous savez que ce soir vous pouvez transformer votre monde et pas avec des moyens extraordinaires mais avec ce que vous savez, ce que vous avez, ce que vous êtes. Et ça peut être un rêve, une passion ou encore une conviction. Ce soir, je vais vous parler de femmes extraordinaires qui ont réussi à transformer leur monde grâce à leur passion pour la cuisine.Mais avant ça, j'ai envie de vous parler d'une personne et cette personne, ce qui va la caractériser, c'est sa gourmandise. Tantôt su ...

Financial Data and Key Metrics Changes - Revenue for the first quarter was $715 million, flat compared to the fourth quarter, with a 2% increase in volume offset by a 1% decrease in average selling prices [8][28] - Gross profit was $136 million, resulting in a gross margin of 19%, which includes a negative impact from Newport of approximately 200 basis points [30] - GAAP loss per share was minus $0.03 compared to a loss of minus $0.49 in the fourth quarter [32] Business Line Data and Key Metrics Changes - Automotive revenue decreased by 2% versus the fourth quarter, reflecting lower average selling prices associated with new OEM contracts [13] - Industrial market revenue increased by 3% from the fourth quarter, led by Europe, with strong demand for smart grid infrastructure projects [15] - Aerospace and defense revenue declined by 5% quarter over quarter due to inventory management by distributor partners [16] Market Data and Key Metrics Changes - Book to bill ratio improved for semiconductors to 1.12 and held at 1.04 for passives, indicating positive order intake [10][29] - Distribution revenue grew by 3%, while OEM and EMS revenue decreased due to market softness [22][23] - Revenue in Europe increased by 8% sequentially, while The Americas saw a 6% decline in industrial sales [25] Company Strategy and Development Direction - The company is executing its five-year strategic plan, focusing on capacity expansion and leveraging growth levers to participate in the next industry upcycle [43][44] - Plans to invest between $300 million to $350 million in 2025, with at least 70% allocated to capacity expansion projects [45] - The company aims to enhance its product portfolio through innovation and expand its market participation by working with subcontractors [49][50] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for a 6% revenue increase in Q2 despite global economic uncertainties, supported by improving market signals [11][54] - The company is closely monitoring customer demand and production timing to adapt to potential market changes [54] - Positive signals during the first quarter support optimism for sequential growth, with demand aligning more closely with end market consumption [53] Other Important Information - The company has been charging tariff adders to customers since 2018 to offset increased tariff costs, with minimal impact on gross profit [29][38] - The Newport facility is expected to reach gross margin neutrality by the first half of 2026, with increasing volume quarter on quarter [70] Q&A Session Summary Question: Distribution and SKU Increase - Management noted ongoing efforts to increase SKUs with distributors, with improvements in POS observed in Europe and The Americas, while Asia remained flat [57][59] Question: Tariff Impact - Management explained that less than 4% of sales are from China to the US, and the tariffs have a minimal long-term impact due to alternative sourcing options [63][64] Question: Newport Fab Utilization - The Newport fab is expected to see increasing volume quarter on quarter, targeting gross margin neutrality by early 2026 [68][70] Question: Cyclical Recovery Trends - Management highlighted positive trends in smart grid and aerospace defense markets, with ongoing demand for AI-related projects [75][78] Question: AI Business Size and Market Share - The AI business saw more than double the volume in Q1 compared to Q4, with a strong design position across various components [83][84] Question: Second Half Outlook - Management expressed optimism for the second half of the year, with backlogs building and expectations for growth compared to the previous year [86][88]

Financial Data and Key Metrics Changes - Revenue for Q1 2025 was $715 million, flat compared to Q4 2024, with a 2% increase in volume offset by a 1% decrease in average selling prices [7][25] - Gross profit was $136 million, resulting in a gross margin of 19%, which includes a negative impact from Newport of approximately 200 basis points [28] - Book to bill ratio improved to 1.08, with semiconductors at 1.12 and passives at 1.04, marking the second consecutive quarter with a book to bill greater than one [27] Business Line Data and Key Metrics Changes - Automotive revenue decreased by 2% compared to Q4 2024, reflecting lower average selling prices due to new OEM contracts [11] - Industrial market revenue increased by 3% from Q4 2024, driven by strong demand for smart grid infrastructure projects [13] - Aerospace and defense revenue declined by 5% quarter over quarter, while medical market results were mixed, with improved orders in The Americas but mixed results in Europe and Asia [15][16] Market Data and Key Metrics Changes - Distribution customer point of sale (POS) was up in all regions, with a 4% increase worldwide, reflecting a normalization of inventory levels [8][22] - Revenue in Europe increased by 8% sequentially, while The Americas saw a 6% decline in industrial sales [23] - AI-related shipments increased significantly, more than doubling compared to Q4 2024, indicating strong demand for AI servers and related products [80] Company Strategy and Development Direction - The company is executing its five-year strategic plan, focusing on capacity expansion and leveraging growth levers to participate in market upturns [40][41] - Plans to invest between $300 million to $350 million in 2025, with at least 70% allocated to capacity expansion projects [42] - The company aims to enhance its product portfolio and customer engagement through innovation and strategic partnerships [50] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for a 6% revenue increase in Q2 2025 despite global economic uncertainties, citing improved order intake and inventory normalization [9][51] - The second half of 2025 is expected to show better performance than the first half, with positive signals from various markets [84] - Management remains cautious about macroeconomic uncertainties but is prepared to adjust spending plans as necessary [51] Other Important Information - The company has implemented procedures to pass along tariff costs to customers, with minimal direct impact on Q2 results from recent tariff changes [9][35] - Free cash flow for Q1 2025 was negative $45 million, with expectations of continued negative free cash flow in 2025 due to capacity expansion plans [33][38] Q&A Session Summary Question: Distribution inventory and demand pull - Management noted ongoing efforts to increase product SKUs with distributors, with improvements in POS observed in Europe and The Americas, while inventory levels have normalized [54][56] Question: Tariff impact on revenue - Management explained that less than 4% of sales are from China, and the impact of tariffs is expected to contribute 1% to 2% to revenue, with a minimal effect on gross profit [59][60] Question: Newport Fab utilization and gross margin impact - Management indicated that Newport Fab utilization is expected to increase gradually, targeting gross margin neutrality by early 2026 [65][66] Question: Cyclical recovery trends - Management highlighted positive signals in smart grid and aerospace defense markets, with expectations for continued growth in AI and industrial sectors [72][78] Question: AI business size and market share - Management reported that AI-related shipments in Q1 were more than double those in Q4, with a strong design position across various components [80][81] Question: Outlook for the second half of the year - Management expressed optimism for the second half of 2025, with backlogs building and no negative adjustments in automotive scheduling agreements [83][84]