Core Insights - TTM Technologies, Inc. has announced the acquisition of a 750,000-square-foot facility in Eau Claire, Wisconsin, and land rights for a future manufacturing site in Penang, Malaysia, to enhance its manufacturing capabilities [1][3][4] Group 1: Acquisition Details - The Eau Claire facility was previously owned by TDK and is well-equipped for advanced technology PCB manufacturing, allowing TTM to reduce lead times for U.S. domestic capacity [3][4] - The new facility in Penang will support supply chain diversification beyond China, providing cost-competitive, high-quality PCB manufacturing in Southeast Asia [4] Group 2: Strategic Implications - These investments align with TTM's strategy to offer regionally optimized, globally connected manufacturing solutions, enhancing supply chain security and flexibility for global customers [2][4] - The Eau Claire facility is expected to support high-volume production for key markets, particularly in data center computing and networking for generative AI applications [3][4] Group 3: Economic Impact - The expansion in Wisconsin is seen as beneficial for the local economy, with the state recognized for its precision manufacturing capabilities [4] - TTM does not anticipate significant impacts on its operational results or financial condition for 2025 from these investments [5]

[Music] Hello and welcome to Market Domination. I'm Josh Lipton live from our NYC headquarters. There's more economic pressure coming from the White House and President Trump's global trade war with an announcement of fresh tariffs on goods from Japan and South Korea.Plus, the United States is close to finalizing several trade packs. So, we'll notify the other countries of higher tariff plates by July 9th. And investors are reacting.There's just one hour to go until the closing bell. And right now, stocks a ...

Investment Rating - The report maintains a "Buy" rating on ZDT and raises the target price (TP) to NT$140 from NT$130, maintains a "Neutral" rating on Unimicron and NYPCB with TP raised to NT$97 and NT$110 respectively, and maintains a "Sell" rating on Kinsus with a new TP of NT$70 from NT$63 [8][21][31]. Core Insights - The increase in BT substrate prices in early Q3 2025, driven by T-glass and gold price hikes, is expected to improve revenue trends for substrate makers, particularly Kinsus and NYPCB, with BT revenue exposure projected to exceed 25% of total revenue in 2025 [2][3]. - The report anticipates a potential further pricing hike for high layer count ABF substrates in the coming months, which could enhance revenue and profitability outlook for substrate suppliers in the second half of 2025 [3][7]. - The T-glass shortage is expected to ease by the first half of 2026, which may stabilize pricing levels despite the current supply constraints [4][7]. Summary by Sections Pricing and Revenue Outlook - BT substrate prices have increased by 5%-20% in early Q3 2025 due to T-glass supply tightness and rising gold prices, which account for 30-40% of BT cost of goods sold (COGS) [1][2]. - The report expects improved profitability for BT substrates in the second half of 2025 compared to the first half, despite potential unfavorable gross margin and operating profit margin conditions due to material cost hikes and currency appreciation [2][3]. Company-Specific Earnings Revisions - Unimicron's 2025 earnings estimate has been cut by 25% due to unfavorable foreign exchange conditions, while revenue is expected to increase by 1% [17][19]. - NYPCB's earnings estimates for 2025, 2026, and 2027 have been revised up by 3%, 11%, and 7% respectively, reflecting a positive outlook on substrate pricing [23][25]. - Kinsus's 2025 earnings estimate has been reduced by 16% due to unfavorable FX conditions, but 2026 and 2027 estimates have been increased by 10% and 11% respectively [28][30]. - ZDT's earnings estimates for 2025, 2026, and 2027 have been revised down by 17%, 1%, and 1% respectively, primarily due to unfavorable FX conditions [33][35].

Financial Performance - Foxconn reported 15.8% growth in quarterly sales [1] Market Trends - Robust demand for AI servers and iPhones drove sales growth [1]

Production & Workforce - Foxconn's reliance on Chinese employees in its India iPhone factory is minimal [1] - The production capacity of Foxconn's India iPhone factory is primarily established by Taiwanese employees, including those from FIH Mobile (富智康的民生廠), rather than Chinese employees [1] Market Impact - The impact of Foxconn requesting Chinese employees to return home from its India iPhone factory is negligible [1]

Production & Workforce - Market rumors regarding Foxconn asking Chinese employees to return home from its India iPhone plant have negligible impact [1] - There were already few Chinese employees at Foxconn's India iPhone facility [1] - Production capabilities at Foxconn's India iPhone facilities were established by Taiwanese employees, not Chinese employees [2] - The gradual return of Chinese employees had been planned for some time [3] Transparency & Communication - Apple was fully informed about the planned return of Chinese employees [3]

Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher."Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth po ...

Core Insights - Kitron has secured a EUR 4 million order for electronics modules intended for airborne radar applications in the US market, indicating a strong position in the defense sector [1] - The production will utilize Kitron's existing manufacturing capacity in Europe, with deliveries expected to commence in 2026 [1] Company Overview - Kitron is a prominent Scandinavian electronics manufacturing services company, operating in sectors such as Connectivity, Electrification, Industry, Medical devices, and Defence/Aerospace [2] - The company has a workforce of approximately 2,400 employees and reported revenues of EUR 647 million in 2024 [2]

Group 1: Industry Development - Weifang Anqiu City is focusing on chain cultivation and full-cycle empowerment for the development of the information industry, primarily through the Yili Intelligent Manufacturing Supporting Industrial Park [1] - The city aims to create a leading industrial cluster and innovation hub in the electronic information manufacturing sector [1] - The electronic information manufacturing industry in Anqiu City achieved an output value of 1.13 billion yuan from January to May, representing a year-on-year growth of 20.9% [2] Group 2: Company Highlights - Shandong Xike Intelligent Technology Co., Ltd. produces VR components and acoustic parts, with daily production ranging from 500,000 to 3 million units [1] - The company has established partnerships with universities for research and development, resulting in 29 patents and software copyrights [1] - Shandong Sanshun Intelligent Technology Co., Ltd. has built a production base for smart touch screens and lighting, capturing 80% of the high-end product market share for Haier's Casarte brand [2] - The company expects to achieve a revenue of 120 million yuan this year, following new supply agreements with major brands [2] Group 3: Future Plans - Shandong Xike plans to focus on precision VR components and automotive connectors, with an investment of over 10 million yuan and a revenue target of over 200 million yuan within five years [1] - Anqiu City aims to develop the electronic information industry into a new growth engine for the local economy within five years [2]

Core Viewpoint - Univest Securities, LLC has successfully closed a registered direct offering for Ostin Technology Group Co., Ltd., raising approximately $5 million through the sale of 41,666,667 Class A ordinary shares at a price of $0.12 per share [1][2][3]. Group 1: Offering Details - The offering involved a single institutional investor purchasing an aggregate of 41,666,667 Class A ordinary shares or pre-funded warrants at a purchase price of $0.12 per share [2]. - The gross proceeds from this offering amounted to approximately $5 million [3]. - The offering was conducted under a shelf registration statement on Form F-3, which was declared effective by the SEC on May 28, 2024 [4]. Group 2: Company Background - Ostin Technology Group Co., Ltd. is a supplier of display modules and polarizers based in China, founded in 2010 [7]. - The company specializes in designing, developing, and manufacturing TFT-LCD display modules used in consumer electronics, outdoor LCD displays, and automotive displays [7]. - Ostin also manufactures polarizers that are utilized in its TFT-LCD display modules [7]. Group 3: Univest Securities Overview - Univest Securities, LLC is a full-service investment bank and securities broker-dealer firm based in New York, registered with FINRA since 1994 [6]. - The firm has raised over $1.3 billion in capital for issuers globally since 2019 and has completed approximately 100 transactions across various industries [6].