NexOptic Technology Corp (TSXV:NXO)
You’ll Never See The World The Same Way Again
President Joe Biden plans to sign an executive order in the coming weeks to authorize supply chain reviews for critical goods like semiconductors.
White House press secretary Jen Psaki says the administration is “identifying potential chokepoints in the supply chain and actively working alongside key stakeholders in industry and with our trading partners to do more now.”
In a letter a consortium of U.S. chip companies that includes Intel, Qualcomm, and Advanced Micro Devices asked Biden for “substantial funding for incentives for semiconductor manufacturing” as part of the economic recovery and infrastructure plans.
Leading the semi charge higher are U.S.-based semi equipment companies KLA (KLAC +8.4%), Lam Research (LRCX +7.6%), and Applied Materials (AMAT +7.4%), which would all benefit from capacity expansions. Taiwan-based TSMC (TSM +3.5%), which already has plans for a new fab in Arizona, is moving higher.
Auto chip suppliers Texas Instruments (TXN +2.3%) and NXP Semi (NXPI +2.5%) are also in the green.
The global semiconductor shortage is hitting the automotive industry the hardest, potentially erasing $61B in sales this year.
That means the fintech expects $50B+ in revenue in 2025; the outlook only includes organic growth, Rainey said.
Note: On Feb. 3, PYPL introduced FY2021 guidance for ~$25.5B of revenue and non-GAAP EPS growth of about 17%.
Sees $2.8T of total purchase volume in 2025 at a CAGR.
Expects $40B in free cash flow over the next five years and expects to return 30%-40% of that back to shareholders through share buybacks.
The rest of the FCF will go into investing in its organic growth and into acquisitions, which Rainey said will be disciplined.
CEO Dan Schulman unveiled at the event the company’s target for 750M active accounts in 2025, up from 377M at the end of 2020.
Nokia (NYSE:NOK) has collaborated with Brazil’s Telecommunications Research and Development Center (CPQD), an independent government-affiliated research body, to jointly develop customized applications and solutions based on the Open RAN (O-RAN) compliant near-real-time RAN Intelligent Controller (RIC) for the Brazilian market.
Ari Kynäslahti, Head of Technology and Strategy at Nokia Mobile Networks, commented: “This important partnership will explore the potential for innovative 5G use cases that will have real-world value in Brazil across a range of different areas, such as smart cities and fixed wireless access. Our RAN Intelligent Controller will play a critical role in this research, helping to explore and trial new cutting-edge use cases that will put Brazil at the forefront in the 5G era.”