Metals Acquisitions Limited (NYSE:MTAL) Half Year 2024 Earnings Conference Call August 28, 2024 7:00 PM ET Company Participants Mick McMullen - CEO Morné Engelbrecht - CFO Conference Call Participants Daniel Morgan - Barrenjoey Eric Linnell - Scotiabank Paul Hissey - Moelis David Radcliff - Global Mining Research Operator Thank you for standing by. This is the conference operator. Welcome to the Metals Acquisitions Limited Half Year Accounts Conference Call and Webcast. As a reminder, all participants are i ...

Advanced Micro Devices, Inc. (NASDAQ:AMD) Deutsche Bank Technology Conference August 28, 2024 4:15 PM ET Company Participants Mark Papermaster - Executive Vice President & Chief Technology Officer Conference Call Participants Ross Seymore - Deutsche Bank Ross Seymore I'm Ross Seymore, cover semiconductors here at Deutsche Bank. We're very pleased to have Mark Papermaster, the CTO of AMD on stage with us today. Mark, thank you very much for joining here at the DB Tech Conference. So I think it was just what ...

Micron Technology, Inc. (NASDAQ:MU) Deutsche Bank Technology Conference August 28, 2024 Industry and Company - **Industry**: Semiconductor, specifically DRAM and NAND memory - **Company**: Micron Technology, Inc. Key Points and Arguments **1. Near-term Trends and Market Demand** - **Data Center**: Robust demand trends for DRAM and NAND products, driven by AI and traditional servers. - **Smartphone and PC Markets**: Stable sell-through, with inventory build-up due to pricing trends, strong data center demand, and AI content growth. - **Consumer Retail Channels, Industrial, Automotive**: Relatively weaker demand, but long-term trends remain strong in industrial and automotive markets. - **Fiscal Q1 2025**: Bit shipments expected to be flattish to slightly up compared to Fiscal Q4 2024, with gross margins strengthening sequentially. - **2025**: Substantial revenue growth and robust profitability expected due to AI and tight supply environment. **2. HBM (High Bandwidth Memory)** - **Market Growth**: HBM market expected to grow from 1.5% of industry bits in 2023 to around 6% in 2025, with a TAM of over $25 billion. - **Micron's Position**: Well-positioned with HBM products, aiming to reach HBM share in line with DRAM share by 2025. - **Technology Advantage**: HBM3E offers 30% lower power consumption compared to competitors, driven by advanced DRAM technology and packaging technology. - **Manufacturing Challenges**: HBM3E requires three times as many wafers as standard products, with increased yield challenges in assembly and testing. - **Customization**: Micron is working on HBM4E solutions that enable customer logic integration, providing greater value to customers. **3. DRAM and NAND** - **Industry Growth**: DRAM industry expected to grow in the mid-teens over time, with HBM contributing to this growth. - **AI Impact**: AI will have a positive impact on all major end markets, driving demand for memory. - **Edge Devices**: AI-enabled smartphones and PCs will require more memory content, with NAND storage content also increasing. **4. Profitability** - **HBM**: HBM is accretive to gross margins, with a 3:1 trade ratio contributing to pricing dynamics in the rest of the business. - **DRAM Margins**: Micron expects core DRAM margins to improve as well, with pricing environments remaining tight. **5. Capital Expenditure (CapEx)** - **Fiscal 2025**: CapEx expected to increase meaningfully compared to Fiscal 2024, with a focus on construction CapEx and HBM assembly capacity CapEx. - **Capacity Needs**: New capacity will be required to meet AI demand through the decade, with construction CapEx addressing these needs. - **Supply-Demand Discipline**: Micron remains focused on maintaining supply-demand discipline and maintaining overall bit share of DRAM and NAND.

Microsoft Corporation (NASDAQ:MSFT) Deutsche Bank's 2024 Technology Conference August 28, 2024 1:15 PM ET Company Participants Charles Lamanna - Corporate Vice President, Business Apps & Platforms Conference Call Participants Brad Zelnick - Deutsche Bank Brad Zelnick Okay. I think we're live. Good morning, everybody. Welcome back. I'm Brad Zelnick with the software team. Welcome to the Deutsche Bank 2024 Tech Conference here in sunny, I think it's still sunny outside, Dana Point, California. For this sessio ...

Key Points Industry/Company - **Company**: Texas Instruments Incorporated (NASDAQ: TXN) - **Industry**: Semiconductor Core Points and Arguments - **Strategic Focus**: TI is focusing on Analog and Embedded Processing products, with a strong emphasis on industrial and automotive markets. - **Growth Expectations**: TI expects to grow its revenue and market share in the next decade, driven by increasing semiconductor content in industrial and automotive applications. - **Capacity Investments**: TI is investing in 300-millimeter wafer fabs to meet customer demand and ensure geopolitical reliability. - **Capital Allocation**: TI plans to spend approximately $5 billion in CapEx per year through 2025, with a range of $2 billion to $5 billion in 2026, depending on revenue. - **Free Cash Flow**: TI aims to achieve free cash flow per share growth across a range of market conditions, driven by revenue growth and a scalable CapEx strategy. Other Important Points - **CHIPS Act Funding**: TI has signed a preliminary agreement with the U.S. Department of Commerce for up to $1.6 billion in proposed direct funding under the CHIPS and Science Act, which will help fund the construction of SM1, LFAB2, and SM2. - **Investment Tax Credit**: TI expects to receive an estimated $6 billion to $8 billion in investment tax credit, which will further support its capacity investments. - **Market Recovery Scenarios**: TI has provided four revenue scenarios for 2026, representing a range of market conditions, including rapid market recovery, zero growth, and persistently weak market. - **Competitive Advantage**: TI's competitive advantages include its broad portfolio of Analog and Embedded Processing products, manufacturing and technology foundation, and strong customer relationships. - **Geopolitical Dependability**: TI is investing in capacity to ensure geopolitical dependability for its Analog and Embedded Processing semiconductors. Key Metrics - **Revenue**: $20 billion to $26 billion in 2026 - **CapEx**: $2 billion to $5 billion in 2026 - **Free Cash Flow per Share**: $8 to $12 in 2026 - **Internal Wafer Sourcing**: More than 90% by 2026, with more than 95% by 2030 - **Assembly Internal**: More than 85% by 2026 References - [1] - [5] - [6] - [8] - [10] - [11] - [12] - [13] - [14] - [15] - [16] - [17] - [18] - [19] - [20] - [21] - [22] - [23] - [24] - [25] - [26] - [27] - [28] - [29] - [30] - [31] - [32] - [33] - [34] - [35] - [36] - [37] - [38] - [39] - [40] - [41] - [42] - [43] - [44] - [45] - [46] - [47] - [48] - [49] - [50] - [51] - [52] - [53] - [54] - [55] - [56] - [57] - [58] - [59] - [60] - [61] - [62] - [63] - [64] - [65] - [66] - [67] - [68] - [69] - [70] - [71] - [72] - [73] - [74] - [75] - [76] - [77] - [78] - [79] - [80] - [81] - [82] - [83] - [84] - [85] - [86] - [87] - [88] - [89] - [90] - [91] - [92] - [93] - [94] - [95] - [96] - [97] - [98] - [99] - [100] - [101] - [102] - [103] - [104] - [105] - [106] - [107] - [108] - [109] - [110] - [111] - [112] - [113] - [114] - [115] - [116] - [117] - [118] - [119] - [120] - [121] - [122] - [123]

Microchip Technology Incorporated. (NASDAQ:MCHP) 2024 Annual Shareholders Meeting August 20, 2024 12:00 PM ET Company Participants Steve Sanghi - Executive Chair Rich Simoncic - Chief Operating Officer Eric Bjornholt - Senior Corporate Vice President, CFO Ganesh Moorthy - President & CEO Lauren Carr - SVP, Global Human Resources Mathew Bunker - Senior Corporate Vice President of Operations Katie Carter - Director of Faith-Based Investing and Shareholder Engagement, Presbyterian Church (U.S.A.) Rob Suffolett ...

Ladies and gentlemen, thank you for standing by and welcome to T-Food Technology second quarter 2024 earnings conference call. At this time, all participants are in the listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star one one again. Please also note that today' ...

Arrowhead Pharmaceuticals, Inc. (NASDAQ:ARWR) 2024 Summer Series R&D Webinar: Obesity/Metabolic - ARO-INHBE Conference August 14, 2024 2:00 PM ET Company Participants Vincent Anzalone - Vice President and Head of Investor Relations Dr. Carel Le Roux - Chair of Metabolic Medicine, University College Dublin Erik Bush - Senior Vice President, Biology Tao Pei - Senior Vice President, Discovery Chemistry James Hamilton - SVP, Discovery and Translational Medicine Operator Good afternoon, and welcome to the Arrowh ...

Lumen Technologies, Inc. (NYSE:LUMN) TD Cowen 10th Annual Communications Infrastructure Summit Conference Transcript August 13, 2024 5:40 PM ET Company Participants Dr. Satish Lakshmanan - Executive Vice President and Chief Product and Strategy Officer Conference Call Participants Greg Williams - TD Cowen Greg Williams All right. Let’s get started. Good afternoon. Welcome to our session with Lumen. My name is Greg Williams. I cover the Cable, Telco, Wireless and Fiberspace at TD Cowen. I’m joined in this se ...

SolarEdge Technologies, Inc. (NASDAQ:SEDG) Canaccord Genuity's 44th Annual Growth Result Conference August 13, 2024 4:00 PM ET Company Participants J.B. Lowe - Head of Investor Relations Conference Call Participants Austin Moeller - Canaccord Austin Moeller Hi, good afternoon, everyone. My name is Austin Moeller. I'm the Sustainability Analyst here at Canaccord Genuity. And today we're joined by J.B. Lowe, the Head of Investor Relations at SolarEdge. So, it's great to have you. J.B. Lowe Happy to be here. T ...