Catalysts
Essential to 5G and IoT
$25 in revenues per 5G chip vs $18 per 4G chip
Diversifying away from mobile technology into EV and others
Acquisition of Infrastructure & Automotive Business of Silicon Labs for $2.75 million in cash
Being a hybrid foundry-fabless company protects from customers deciding to make semiconductors in house
Risks
High exposure to only a few customers, including the largest customer, Apple
Increased synergy costs from acquisition
Financial Analysis
2Q21 Revenues of $1.17 billion up 53% YoY
Revenues of $4.37 in TTM vs $3.35 Billion in FY20
Net income of $325 million in 2Q21 vs $181 million in 2Q20
Net income of $1.21 Billion in TTM vs $815 million in FY20
Share repurchase program of $2.0 billion expiring in January 2023
Assets of $5.73 billion, liabilities of $1.02 billion and book value of $4.71 billion
Current assets of $2.80 billion, current liabilities $538 million, cash and marketable securities of $1.42 billion, no debts
Read the full analysis on my Research Partnership: https://ishfaaqpeerally.teachable.com/courses/662813/lectures/32196758
