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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (13264)	3/9/2022 8:00:45 PM
From: Kirk ©	Respond to of 26783

FOLLOW THE MONEY! Funny coincidence. Today while Reading " Order to Kill: A Novel (15) (A Mitch Rapp Novel)" book on tape on my hike... it was written in 2017... I had to chuckle at how much smarter the "real Russians" are than this. The premise is the Russian president leads the effort to steal the fissionable material from six Pakistani nukes that they give to the Iranians to make dirty bombs to take out the Saudi oil fields. The reason is Saudi Arabia pumps enough oil to keep the price low enough so alternative energy is not an affordable alternative and the US investors won't risk investing on wells that cost $40 per barrel to get the oil if the Saudis can pump enough to get the price to $30... These low prices crush Iran and Russia, who rely mostly on energy exports.... After Russia gets enough money from the higher priced oil, they can then afford to reclaim the independent states that left the USSR when the price of oil last crashed and bankrupted the USSR. Who knew that all they REALLY needed was for the US and Europe to get so into renewable energy that they would forget to have an alternative for the transition thus causing oil prices to rise and Russia to have enough oil profits to invade Ukraine. Interesting story but I still believe the Russians are behind a lot of this climate change, BLM, Trump Won the Election and other social media hysteria that ousted Trump and will probably keep him out as he lost so many moderates over how he didn't tell the peaceful protestors who turned into rioting insurrectionists to stand down. Remember Trump decimated the Russians with his policies that had the price of oil significantly lower than under Obama.

To: robert b furman who wrote (13264)	3/10/2022 10:51:39 AM
From: Kirk ©	Respond to of 26783

Typical for market cycle peaks. Fundamentals for the chip stocks still look great while their stock prices fall into the chitter. TSM stock is no exception peaking at $145 and trading under $100 the other day. Chart kirklindstrom.com Apple orders account for 26% of TSMC 2021 revenue Monica Chen, Hsinchu; Jessie Shen, DIGITIMES Thursday 10 March 2022 TSMC saw revenue generated from orders placed by its largest customer climb about 20% on year to NT$405.4 billion (US$14.3 billion) in 2021, or nearly 26% of the foundry's total wafer revenue for the year, according to information published by the Taiwan-based company. Market observers believe Apple has been the biggest client of TSMC, which has grabbed orders for almost all Apple's custom-designed chips powering the iPhone, iPad, Apple Watch, and other devices. With Apple also switching Mac computers from Intel processors to its own silicon, TSMC is being pinpointed by the observers as the largest beneficiary. TSMC is reportedly under contract with Apple to build its M-series Mac chips. Apple's just-unveiled iPhone SE, iPad Air, Mac Studio, and Studio Display series all feature its own silicon built by TSMC, the observers indicated. Apple's M1 Ultra processor powering its all-new Mac Studio desktop is manufactured using TSMC's 5nm process technology, for example. Apple has claimed the new Mac SoC consists of 114 billion transistors, the most ever in a personal computer chip. "By connecting two M1 Max dies with our UltraFusion packaging architecture, we're able to scale Apple silicon to unprecedented new heights," said Johny Srouji, senior VP of hardware technologies for Apple. TSMC is also the main production partner for Apple's UltraFusion packaging architecture, according to industry sources. Apple is also expected to launch its new-generation iPhone and iPad, and new Mac series in the second half of 2022, with TSMC as its foundry partner, the sources said. Apple has already required TSMC to use 4nm process in a set of orders for Apple's next-generation A-series iPhone processor, the sources indicated. The orders are equivalent to nearly 150,000 wafers, the sources said. TSMC's 4nm process will also build Apple's M2 chip that will power the new Mac series slated for launch in the second half of this year, the sources indicated. The upcoming iPad will feature Apple's silicon built using TSMC's N3B process, the first Apple device adopting the foundry's 3nm process technology, the sources said. Nevertheless, Apple has turned cautious about its shipment prospects this year, due to a number of unfavorable macro factors, according to the sources. Its iPhone shipments are forecast to register only a low single-digit increase in 2022, for instance. digitimes.com