- Revenue of $67 million, up 33% Y/Y - - Gross mining margin of 43%, down from 63% from Q1 2024 - - Total energy pipeline of ~1.4 GW, ~80% based in the U.S. - - Private debt facility announced in April 2025 with division of Macquarie Group for up to $300 million to fund initial HPC project development at Panther Creek, validating the attractiveness of Bitfarms' potential HPC data center development pipeline - This news release constitutes a "designated news release" for the purposes of the Company's second ...

Financial Data and Key Metrics Changes - First quarter revenue increased by 36% year over year to $7.4 billion, exceeding consensus estimates [6][27] - Net income rose by 55%, driven by a higher percentage of data center product sales and a richer Ryzen processor mix [7] - Gross margin expanded for the fifth consecutive quarter, reaching 54%, up 140 basis points from a year ago [28] Business Segment Data and Key Metrics Changes - Data Center segment revenue increased by 57% year over year to $3.7 billion, with strong demand for EPYC processors [7][29] - Client and Gaming segment revenue grew by 28% year over year to $2.9 billion, with client revenue up 68% year over year [18][30] - Embedded segment revenue decreased by 3% year over year to $823 million, with gradual recovery expected [23][31] Market Data and Key Metrics Changes - Hyperscaler demand for EPYC processors remained strong, with over 30 new instances launched by major cloud providers [8] - The number of EPYC powered cloud instances activated by Forbes 2000 enterprise customers more than doubled year over year [10] - Demand for AMD-based commercial PCs grew, with Ryzen Pro PC sell-through increasing by over 30% year over year [21] Company Strategy and Development Direction - The company aims to capitalize on growth opportunities in AI and high-performance computing, expanding investments in product and technology roadmaps [25][26] - The acquisition of ZT Systems is expected to enhance AMD's capabilities in providing ready-to-deploy AI solutions [15] - Continued focus on expanding the data center GPU and systems roadmap, with the MI350 series launch anticipated in mid-2025 [17][49] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in delivering strong double-digit revenue growth in 2025 despite macroeconomic headwinds [25][36] - The company expects to see continued strength in client and gaming segments, with a strong outlook for the second quarter [44][45] - Management acknowledged challenges from new export controls affecting MI308 shipments to China, estimating a $1.5 billion revenue impact for the year [33][36] Other Important Information - Operating expenses increased by 28% year over year to $2.2 billion, reflecting aggressive investments in R&D and go-to-market activities [28] - The company generated $939 million in cash from operations, with free cash flow of $727 million [32] - Cash, cash equivalents, and short-term investments totaled $7.3 billion at the end of the quarter [32] Q&A Session Summary Question: Drivers of upside in Q1 and guidance for Q2 growth by segment - Management noted strong performance across multiple business lines, particularly in client and gaming segments, with desktop performance exceeding expectations [41][42] Question: Performance of the Instinct family in Q1 and outlook for the second half - Management indicated that data center GPU performance was in line with expectations, with high customer interest in the upcoming MI350 launch [48][49] Question: Clarification on data center GPU growth expectations - Management confirmed that data center GPU business performed well, with the majority of revenue coming from MI325 and MI300 series [82][84] Question: Impact of inventory increase - Management explained that inventory was built to support strong client and server ramp, as well as upcoming data center GPU demand [56] Question: Feedback on MI400 series and addressing deployment challenges - Management expressed high enthusiasm for the MI400 series and emphasized the importance of planning for rack-scale architectures [60][61] Question: Client business growth expectations and share gains - Management highlighted strong revenue share gains in high-end notebooks and desktops, with a focus on aligning with customer needs [78][79]

- New private debt facility with a division of Macquarie Group for up to $300 million to fund initial HPC project development at Panther Creek, validating the attractiveness of Bitfarms’ potential HPC data center development pipeline- --Operational hashrate of 19.5 EHuM and fleet efficiency of 19 w/TH– This news release constitutes a “designated news release” for the purposes of the Company’s second amended and restated prospectus supplement dated December 17, 2024, to its short form base shelf prospectus d ...

Financial Data and Key Metrics Changes - Amkor reported revenue of $1,320 million for Q1 2025, reflecting a 3% year-on-year decline [15][20] - EPS was $0.09, impacted by higher R&D costs [5][19] - Gross profit was $158 million with a gross margin of 11.9%, lower sequentially and year-on-year due to reduced volumes [18] - Operating income was $32 million, representing 2.4% of sales [19] - Net income was $21 million, with first quarter EBITDA at $197 million and an EBITDA margin of 14.9% [19][20] - Total liquidity at the end of the quarter was $2,200 million, with total debt of $1,150 million and a debt to EBITDA ratio of 1.1x [20] Business Line Data and Key Metrics Changes - Communications revenue decreased by 19% year-on-year, primarily due to lower revenue within the iOS ecosystem [15][16] - Computing revenue increased by 21% year-on-year, driven by engagements across data center, networking, and PC customers [15][16] - Automotive and industrial revenue declined by 6% year-on-year but remained stable sequentially [16] - Consumer market revenue increased by 23% year-on-year, driven by hearable programs utilizing advanced SiP technology [17] Market Data and Key Metrics Changes - The communications segment is expected to see sequential growth in Q2, reflecting efforts to optimize line utilization [16] - The computing segment is anticipated to grow sequentially in Q2, driven by strong demand for new PC devices [16] - The automotive market is recovering, with strength in advanced packaging driven by ADAS and infotainment applications [13][16] Company Strategy and Development Direction - Amkor's strategy is based on three pillars: strengthening technology leadership, expanding geographic footprint, and partnering with lead customers in growth markets [8][23] - The company is focused on advanced packaging and test solutions, particularly in high-performance computing and AI [9][10] - Plans for a new advanced packaging facility in Arizona are on track, with construction expected to begin in the second half of 2025 [11][20] Management's Comments on Operating Environment and Future Outlook - Management is closely monitoring tariffs and trade regulations, with operations largely unaffected due to a diversified global footprint [6][22] - The outlook for the automotive and industrial markets remains cautious, with expectations of single-digit growth in Q2 [38] - Management expressed confidence in the long-term strategy to achieve profitable growth despite current market uncertainties [14][23] Other Important Information - The company expects Q2 revenue between $1,375 million and $1,475 million, representing growth of 8% sequentially at the midpoint [20] - Gross margin for Q2 is expected to be between 11.5% and 13.5%, reflecting modest improvement in utilization [21] Q&A Session Summary Question: Insights on Q1 performance and Q2 expectations - Management noted that Q1 performance was better than expected due to strength in communications and computing segments, with no significant pull-ins observed from customers [27][28] Question: CapEx plans in light of tariffs - Management confirmed that CapEx plans remain unchanged at $850 million, with flexibility to adjust if unexpected events arise [29][31] Question: Communications segment outlook for the second half - Management indicated that fundamentals for the communications segment remain strong, but uncertainties due to trade restrictions could impact volumes [36] Question: Automotive market guidance - Management believes the automotive market has hit a trough, with cautious optimism for growth driven by advanced packaging applications [38] Question: Arizona expansion opportunities - Management sees TSMC's expansion as an opportunity for Amkor, evaluating ways to accelerate and scale up operations in Arizona [44][46] Question: Revenue generation from RDL technology - Management expects revenue from RDL technology to begin towards the end of the year or early next year, with multiple devices in qualification [54] Question: AI's impact on smartphone growth - Management believes AI will drive innovation in premium smartphones, but predicting its impact on unit growth this year is challenging [75]

台积电此次发表新的逻辑制程、特殊制程、先进封装和3D芯片堆叠技术，为广泛的高效能运算 (HPC)、智能型手机、汽车和物联网(IoT) 技术平台做出贡献，驱动产品创新。 台积电继续推进CoWoS 技术，以满足AI 对更多逻辑和高频宽存储(HBM) 永无止境的需求。台积 电计划在2027年量产9.5倍光罩尺寸的CoWoS，从而能够以台积电先进逻辑技术将12 个或更多的 HBM 堆叠整合到一个封装中。 台积电继2024年发表革命性系统级晶圆(TSMC-SoW) 技术，今年再次推出以CoWoS 技术为基础 的SoW-X，以打造一个拥有当前CoWoS 解决方案40 倍运算能力的晶圆尺寸系统，SoW-X 计划于 2027 年量产。 如果您希望可以时常见面，欢迎标星收藏哦~ 来源：内容来自 钜亨网 ，谢谢。 台积电今(24) 日举办2025 年北美技术论坛，会中除了推出A14制程技术，也还发表众多新技术， 其 中 包 括 继 续 推 进 CoWoS 技 术 ， 计 划 在 2027 年 量 产 9.5 倍 光 罩 尺 寸 的 CoWoS ， 相 较 现 阶 段 CoWoS-L 的3.3 倍以及去年推出的8 倍，技术进一步大 ...

Core Viewpoint - TSMC is advancing its technology offerings, including the introduction of A14 process technology and enhancements in CoWoS technology, to meet the increasing demands of AI and high-performance computing applications [1][2]. Group 1: Technology Advancements - TSMC plans to mass-produce a 9.5x mask size CoWoS technology by 2027, which will allow for the integration of 12 or more HBM stacks into a single package, significantly upgrading from the current 3.3x CoWoS-L and last year's 8x [1]. - The introduction of SoW-X, based on CoWoS technology, aims to achieve 40 times the computational power of current CoWoS solutions, with plans for mass production in 2027 [2]. - New solutions include the compact general-purpose optical engine (COUPE) technology for silicon photonics integration and an integrated voltage regulator (IVR) for AI applications, offering 5 times the vertical power density compared to independent power management chips [2]. Group 2: Applications in Various Sectors - In the automotive sector, TSMC is addressing the stringent computational requirements of advanced driver-assistance systems (ADAS) and autonomous vehicles (AV) with its N3A process, which is nearing the final stage of AEC-Q100 Level 1 validation [3]. - For IoT applications, TSMC's ultra-low power N6e process is now in production, aimed at enhancing energy efficiency for edge AI tasks [3]. - The latest RF technology, N4C RF, supports high-speed, low-latency wireless connections for AI demands, providing a 30% reduction in power and area compared to N6RF+, with trial production expected in Q1 2026 [2].

Core Insights - Zacks Premium offers various tools for investors to enhance their stock market strategies and confidence [1] - The Zacks Style Scores are designed to help investors select stocks with the highest potential to outperform the market in the short term [2] Zacks Style Scores Overview - Stocks are rated based on value, growth, and momentum characteristics, with scores ranging from A to F, where A indicates the highest potential for outperformance [3] - The Style Scores are categorized into four types: Value Score, Growth Score, Momentum Score, and VGM Score [3][4][5][6] Value Score - The Value Score focuses on identifying undervalued stocks using financial ratios such as P/E, PEG, Price/Sales, and Price/Cash Flow [3] Growth Score - The Growth Score assesses a company's financial health and future growth potential by analyzing projected and historical earnings, sales, and cash flow [4] Momentum Score - The Momentum Score identifies optimal entry points for stocks based on price trends and earnings estimate changes [5] VGM Score - The VGM Score combines all three Style Scores to highlight stocks with the best value, growth prospects, and momentum [6] Zacks Rank Integration - The Zacks Rank utilizes earnings estimate revisions to guide investors in building successful portfolios, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988 [7][8] - To maximize returns, investors should focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B [9] Earnings Estimate Revisions - The direction of earnings estimate revisions is crucial when selecting stocks, as stocks with lower ranks but high Style Scores may still face price declines [10] Company Spotlight: Nvidia (NVDA) - Nvidia is a leader in visual computing technologies and has shifted its focus to AI-based solutions, supporting high-performance computing, gaming, and virtual reality [11] - Nvidia holds a Zacks Rank of 2 (Buy) and a VGM Score of B, with a Growth Style Score of B indicating a projected year-over-year earnings growth of 47.5% for the current fiscal year [12] - Recent upward revisions by 15 analysts for fiscal 2026 have increased the Zacks Consensus Estimate to $4.41 per share, with an average earnings surprise of 7.9% [12]

Financial Data and Key Metrics Changes - For the year ending December 31, 2024, the company mined approximately 3.34 Bitcoin and generated mining revenues of approximately $20.5 million, compared to 7.40 Bitcoin and revenues of approximately $21.1 million for the year ending December 31, 2023 [16] - Breakeven costs per Bitcoin for 2024 were $47,359, significantly higher than $18,192 for 2023, reflecting the halving event and a 66% increase in global hash rate [16][17] - Adjusted EBITDA for 2024 was approximately negative $5.5 million, a decline from $94,000 in 2023, impacted by $6 million in one-time legal and marketing fees [17][18] - The company recognized a net income of approximately $401,000 for Q4 2024, compared to a net loss of approximately $10.9 million for Q4 2023 [19][21] Business Line Data and Key Metrics Changes - The company mined 334 Bitcoin in 2024, a decrease from the previous year, indicating challenges in the mining segment [6] - The focus has shifted from Bitcoin mining as a primary revenue source to developing power assets for high-performance computing (HPC) and AI data centers [10][11] Market Data and Key Metrics Changes - The company noted a significant increase in global power demand driven by AI, estimating a 50% to 70% increase in power consumption in North America over the next five years [8] - The company aims to position itself as a leader in sustainable computing infrastructure, capitalizing on the growing demand for HPC and AI computing [29] Company Strategy and Development Direction - The company is transitioning from Bitcoin mining to developing energy assets, particularly natural gas, to support HPC and AI data centers [11][26] - The acquisition of Captus is a strategic move to become a major player in the HPC and AI computing infrastructure market, with potential power capacity of up to 4 gigawatts [14][27] - The management team has been strengthened, and a debt restructuring has improved the company's financial position [12][24] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the competitive nature of Bitcoin mining and the need to control energy costs to remain profitable [7] - The company is optimistic about the future, focusing on executing its strategic shift and maximizing shareholder value [30][31] Other Important Information - The company completed a debt restructuring with Anchorage Digital, converting $19.6 million of debt to equity, which has improved cash flow and reduced liabilities [22][24] - The management team and board members have personally invested in the company's equity raise, indicating strong confidence in the company's direction [14] Q&A Session Summary Question: Status of Ericsson in BC - The company terminated the original agreement to acquire 500 wells in British Columbia but is still interested in acquiring a subset of those assets with significant production and manageable liabilities [35][36] Question: Details on Captus and latency - The Captus site is approximately one hour outside Calgary and has excellent latency due to proximity to fiber connections [41] Question: Development and capital relationships - The company plans to secure the asset first, then develop the initial 136 megawatts while engaging potential customers and capital partners [52][51] Question: Competitiveness of Captus acquisition - There was significant interest in Captus, and the management team believes their commitment to the project helped secure the asset [56]