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The global chip shortage doesn't mean all semiconductor prices will shoot up equally, says Natixis chief economist

The global chip shortage is causing problems for multiple industries and shows no signs of abating, but don’t expect prices for all types of chips to shoot up, says the Asia-Pacific chief economist of research firm Natixis.Car makers have been hit hardest by the shortage, but the crisis affects everything from gaming consoles to televisions.But not all industries or products may suffer the same way. In fact, there might even be an oversupply of certain chips, according to Alicia Garcia-Herrero of Natixis.”Those chips that for which I am expecting overcapacity, are the kind of lower-end chips,” she told CNBC on Thursday. “This is because China is entering that part of the supply chain very quickly with huge investment.”In other words, Garcia-Herrero said on “Squawk Box Asia,” there will be a segmentation of prices.”The lower end chips will have plummeting prices, very likely … But for the best ones — those that really are relevant for 5G and electric vehicles — we want. So these will have some inflationary consequences,” she said.The ongoing shortage was partly driven by companies stockpiling as the pandemic swept across the world and supply fears grew. But geopolitics is playing a part too.Amid the tech race between both giants, the U.S. last year placed restrictions on China’s biggest chipmaker Semiconductor Manufacturing International Corporation, barring it from getting advanced manufacturing gear, and making it harder to sell its finished products to companies with American ties. As a result, some companies decided to stockpile essential chips ahead of those restrictions.Garcia-Herrero said that those geopolitical risks will not go away. Both the U.S. government and the tech sector have pushed to boost the country’s semiconductor manufacturing capabilities as a hedge against this risk. While some U.S. companies design their own chips, currently the vast majority of the world’s chips are manufactured in Taiwan, South Korea and China. “This is the problem that adds to the complications of the inflation — that the most valuable part of the supply chain in the U.S. is going to face a lot of geopolitical risks … and this is not going to change,” she said.

Offshore Oil and Gas Pipeline Market to reach USD 2.79 billion|Evolving Opportunities with Allseas Group SA and ArcelorMittal SA|Technavio

NEW YORK, June 3, 2021 /PRNewswire/ — The offshore oil and gas pipeline market is expected to reach USD 2.79 billion during 2020-2024, according to Technavio. The report offers a detailed analysis of the offshore oil and gas pipeline market in optimistic, probable, and pessimistic forecast scenarios. Technavio’s in-depth market research reports include value chain analysis and validation techniques to help industry leaders improve their business.Download FREE Sample Report With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renew phases.  As per Technavio’s pandemic-focused market research, market growth is likely to decrease as compared to 2019.This post-pandemic business planning research will aid clients to:

Adjust their strategic planning to move ahead once business stability kicks in. Build Resilience by making effective resource and investment choices for individual business units, products, and service lines. Conceptualize scenario-based planning to mitigate future crisis situations.Key Considerations for Market Forecast:Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds Pre- as well as post-COVID-19 market estimates Quarterly impact analysis and updates on market estimatesMajor Three Offshore Oil And Gas Pipeline Market Participants:Allseas Group SAAllseas Group SA offers many services essential for offshore oil and gas pipelines. These services include pipeline design and engineering, pipeline installation, specialized pipelay operations, and survey and subsea operations.ArcelorMittal SAArcelorMittal SA offers pipes for offshore oil and gas pipelines.John Wood Group PlcJohn Wood Group Plc offers solutions for the planning, design and development of pipelines.If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get detailed market share analysis of market participants during COVID-19 lockdown: https://www.technavio.com/report/offshore-oil-and-gas-pipeline-market-size-industry-analysis

Offshore Oil And Gas Pipeline Market 2020-2024: SegmentationOffshore oil and gas pipeline market is segmented as below:Producto   Gaso   Oil Geographyo   Europeo   MEAo   APACo   South Americao   North AmericaThe offshore oil and gas pipeline market is driven by the increase in global energy demand. In addition, the economic benefits of offshore pipelines than other oil and gas transportation modes are expected to trigger the offshore oil and gas pipeline market toward witnessing a CAGR of over 4% during the forecast period.Get more insights about the global trends impacting the future of offshore oil and gas pipeline market, Request Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR44116Related Report on Energy Include:Global Offshore Supply Vessel Market- The offshore supply vessel market is segmented by Type (AHTS, PSV, FSIV, MPSV, and Others) and Geography (APAC, Europe, North America, MEA, and South America).Download FREE Sample ReportGlobal Onshore Oil and Gas Pipeline Market- The onshore oil and gas pipeline market is segmented by application (gas pipelines and oil pipelines) and geographic landscape (APAC, North America, MEA, South America, and Europe).Download FREE Sample Report

Market DriversMarket ChallengesMarket TrendsVendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenarioAbout UsTechnavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: media@technavio.comWebsite: www.technavio.com/Report Page: https://www.technavio.com/report/offshore-oil-and-gas-pipeline-market-size-industry-analysis View original content to download multimedia:https://www.prnewswire.com/news-releases/offshore-oil-and-gas-pipeline-market-to-reach-usd-2-79-billionevolving-opportunities-with-allseas-group-sa-and-arcelormittal-satechnavio-301305717.htmlSOURCE Technavio

Singapore Shares Expected To Remain Rangebound

(RTTNews) – The Singapore stock market has alternated between positive and negative finishes through the last four trading days since the end of the six-day winning streak in which it had jumped almost 75 points or 2.4 percent. The Straits Times Index now rests just above the 3,165-point plateau although it’s expected to head south again on Friday.

The global forecast for the Asian markets is mixed to lower ahead of key U.S. jobs data later today, and the effect it may have on interest rates. The European markets were mixed and the U.S. bourses were down and the Asian market figure to split the difference.

The STI finished slightly higher on Thursday following gains from the industrials and a mixed picture from the financial sector.

For the day, the index rose 3.96 points or 0.13 percent to finish at 3,165.00 after trading between 3,159.60 and 3,177.10. Volume was 2.45 billion shares worth 1.15 billion Singapore dollars. There were 282 gainers and 223 decliners.

Among the actives, Ascendas REIT rose 0.34 percent, while CapitaLand Integrated Commercial Trust and Singapore Exchange both added 0.48 percent, City Developments soared 1.56 percent, Comfort DelGro sank 0.60 percent, Dairy Farm International surged 2.06 percent, DBS Group shed 0.33 percent, Genting Singapore climbed 0.58 percent, Keppel Corp and Singapore Press Holdings both advanced 0.56 percent, Oversea-Chinese Banking Corporation collected 0.40 percent, SATS tumbled 1.25 percent, Singapore Airlines dropped 0.40 percent, United Overseas Bank eased 0.11 percent, Wilmar International gained 0.42 percent, Yangzijiang Shipbuilding jumped 0.68 percent and Mapletree Logistics Trust, Jardine Strategic Holdings, Mapletree Commercial Trust, Singapore Technologies Engineering, SingTel, SembCorp Industries, CapitaLand and Thai Beverage all were unchanged.

The lead from Wall Street is negative as stocks opened firmly lower on Thursday, made back some ground as the day progressed but still ended solidly in the red.

The Dow shed 23.34 points or 0.07 percent to finish at 34,577.04, while the NASDAQ plunged 141.82 points or 1.03 percent to end at 13,614.51 and the S&P 500 fell 15.27 points 0.36 percent to close at 4,192.85.

The early weakness on Wall Street came as strong jobs data led to renewed concerns about the outlook for monetary policy when payroll processor ADP said private sector employment in the U.S. spiked much more than expected in May.

Also, the Labor Department noted a modest decrease in first-time claims for U.S. jobless benefits last week. The data comes ahead of the Labor Department’s more closely watched report on the employment situation last month.

Crude oil futures settled roughly flat on Thursday after two straight days of strong gains as traders reacted to inventory data and weighed energy demand prospects. West Texas Intermediate Crude oil futures for July ended down $0.02 at $68.81 a barrel.

Closer to home, Singapore will see April figures for retail sales later today; in March, sales were up 3.0 percent on month and 6.2 percent on year.

Nathan’s Famous is adding vegan hot dogs to its menu

Veggie dogs are finally coming to Nathan’s Famous.

Beginning Monday, the century-old frankfurter emporium will begin serving meatless hot dogs at 13 eateries across the New York metro area, including at its famous Coney Island flagship. 

Nathan’s unveiled its plans for the veggie dogs in April when it announced a partnership with Meatless Farms, which makes plant-based burgers and sausages.

The Nathan’s Meatless Farm hot dog has Nathan’s proprietary spice blend and is being dubbed a “gourmet” version of the meaty dogs.

It’s not just aimed at “flexitarian, vegetarian and vegan customers but [at] all who enjoy a healthier diet,” James Walker, president of Nathan’s Famous restaurants said in a statement. 

“We’ve spent a great deal of time perfecting this hot dog and making sure that those who know and love Nathan’s one-of-a-kind flavor, as well as those that might not have tried a Nathan’s hot dog due to diet, can now enjoy an option that fits their lifestyle.”

Nathan’s hasn’t said if the vegan version of its famous franks will be featured at its annual hot dog eating contest on July 4. Paul Martinka

The meatless versions have been available for sale since April on Nathan’s online retail portal on Shopify. They’ve been priced, however, at a stratospheric $44.99 for a kit of six dogs, buns and a bottle of Nathan’s Famous deli mustard.

The plan is to eventually sell the product in retailers, but for now New Yorkers can find a warm Nathan’s veggie dog at eateries at the Staten Island ferry terminal in Manhattan, on Surf Avenue in Coney Island and at the Jersey Shore Premium outlets among other locations.

Nathan didn’t comment on whether the healthier wieners will be featured at the return of Nathan’s Famous Hot Dog Eating Contest on July 4th — or whether vegans might be invited to compete for the first time.

Alkermes to Take Part in the Goldman Sachs Annual Global Healthcare Conference

DUBLIN, June 3, 2021 /PRNewswire/ — Alkermes plc (Nasdaq: ALKS) announced today that management will participate in a virtual fireside chat at the Goldman Sachs 42nd Annual Global Healthcare Conference on Wednesday, June 9, 2021 at 10:30 a.m. ET (3:30 p.m. BST). The presentation may be accessed under the Investors tab on www.alkermes.com and will be archived for 14 days.About Alkermes plcAlkermes plc is a fully-integrated, global biopharmaceutical company developing innovative medicines in the fields of neuroscience and oncology. The company has a portfolio of proprietary commercial products focused on addiction, schizophrenia and bipolar I disorder, and a pipeline of product candidates in development for neurodegenerative disorders and cancer. Headquartered in Dublin, Ireland, Alkermes plc has an R&D center in Waltham, Massachusetts; a research and manufacturing facility in Athlone, Ireland; and a manufacturing facility in Wilmington, Ohio. For more information, please visit Alkermes’ website at www.alkermes.com. Contact:Alex BraunInvestor Relations+1 781 296 8493Logo – https://mma.prnewswire.com/media/616416/Alkermes_plc_Logo.jpg

Food sampling returns to the grocery aisle — with pandemic protections

Customers are noshing on free samples in the grocery aisle again — albeit with more pandemic protections than before.

Two weeks ago, grocery chain Stew Leonard’s began handing out bite-sized samples of its homemade cheesecake stuffed into tiny paper cups — but only after building 28 plexiglass booths to keep employees at a safe distance from customers.

Just last week the New York metro area chain added five more food items to its giveaway –watermelons, pineapples, chicken burgers, salad and Stew Leonard-branded chocolate cream pies — all of which are being handed out through a small opening at the bottom of its handcrafted plexiglass booths by masked and gloved employees.

The quirky chain known for its petting zoos and animatronic displays only reintroduced the practice after polling customers via its Facebook page.

Stew Leonard’s staffer Devon Wilkins takes a break from handing out pink pineapple samples through a small opening at the bottom of his plexiglass sampling booth in Norwalk, Conn. Stew Leonard’s

Ninety-five percent of respondents replied “yes” to bringing sampling back, Stew Leonard, owner of the eponymous grocery chain told The Post. “Our customers love the samples and have been asking for them,” Leonard said.

With COVID-19 infections dramatically down and vaccination rates up, little bites of cake, fruit, cheese and meat are making a comeback at food retailers big and small. But even as people are more receptive to eating indoors amongst strangers again, customers are still demanding that their grocery store sampling be done differently than before.

Costco and Sam’s Club have also recently said they will resume their food sample programs this week with new pandemic restrictions. Costco will be handing out samples via plexiglass booths, like Stew Leonard’s, while Sam’s Club said its food demos will only be held on weekends with sealed samples.

Meanwhile, experts say the return to sampling could help boost supermarket sales as skyrocketing food prices threaten to lower consumers’ purchasing power in other sections of the grocery store, like the meat aisle.

“Stores like sampling because it makes people hungry and they buy more as a result,” said retail consultant Burt Flickinger, who says that shoppers who nosh and shop typically add 10 percent more to their bill by purchasing the promoted product. 

Mom-and-pop brands that rely on sampling to get the word out about their new products have also been eager to start passing out little paper cups at supermarkets again.

Salad dressing maker Bold Palate had its first tasting two weeks ago at the Upper West Side Pioneer Market at 289 Columbus Ave., where it nearly ran out of the supply it brought to the store.

“Most customers wanted to try everything, which surprised me,” Kate Mann, chief executive of Bold Palate Foods LLC, told The Post. 

“We launched our product the same week the pandemic was being labeled a pandemic. So at that time, stores weren’t taking new brands like mine,” Mann added.

Stew Leonard’s is among a growing number of supermarkets handing out samples again as coronavirus restrictions lift.Edmund J Coppa

Although Mann’s tasting table was not surrounded by plexiglass, she and her staff were wearing face masks and gloves and quickly informed customers who stopped by that she and the staff were “fully vaccinated,” she said.

Mann expects her brick-and-mortar sales to potentially double now that she can give away free tastings of her four varieties of plant-based dressings. And that’s not pie-in-the-sky thinking, experts say.

“A brand can increase its sales at a store by 300 percent in just one day by doing sampling,” Phoodie Marketing chief executive Sam Miller, told The Post. “And if you do it a couple times a month, your sales can be huge.”

Supermarkets abruptly dropped food sampling at the start of the pandemic. Setting up tables that attract small crowds was simply bad business at a time when social distancing and getting in and out of stores quickly was the norm.

Food samples like this went out of style last year but are coming back now — with new COVID restrictions. Los Angeles Times via Getty Imag

But the CDC’s new guidance about vaccinated people being allowed to ditch their masks in most public settings, has proved a game changer.

“Three weeks ago no one was calling about setting up a demo,” said Brian Lillquist, co-owner of Kinetic Events, which produces food demos for both retailers and brands. “Now the requests have significantly increased mostly for dates later in the summer.”

“We used to do 400 demos a month and this month we’ll do 40 if we’re lucky,” another food demo executive, Rachel Golian-Rafaelov said, but that’s quickly changing, she added.

Cybersecurity company SentinelOne files to go public with 108% revenue growth year-over-year

SentinelOne co-founder and CEO Tomer Weingarten.SentinelOneCybersecurity company SentinelOne filed its IPO prospectus with the Securities and Exchange Commission on Thursday, and plans to list on the New York Stock Exchange under the ticker symbol S.In the three months ending April 30, revenue grew 108% year over year to $37.4 million, while net losses more than doubled from $26.6 million to $62.6 million, according to the filing.SentinelOne raised $276 million in a round last November led by Tiger Global, part of a near-$500 million haul from investors in 2020 that tripled its valuation from the beginning of the year to the end, from $1 billion up to $3 billion.SentinelOne competitors have been among the big IPO winners in recent years, with CrowdStrike — which CEO Tomer Weingarten has referred to as its “main competitor” — now valued at over $46 billion. But more of its competitors are also now talking about the threat posed by SentinelOne. In the past few months, CrowdStrike and Qualys for the first time called out SentinelOne as a competitor in their annual reports. And after the coronavirus pandemic arrived, Palo Alto Networks CEO Nikesh Arora began talking about SentinelOne in conversations with analysts — he referenced the company three times on a recent earnings call.Most recently, the company’s autonomous endpoint security stopped SUNBURST — the malware that tricked systems into uploading it as an update to the SolarWinds’ Orion software, which is used by thousands of organizations. AT&T, JetBlue and McKesson were among the SentinelOne customers protected in the SolarWinds hack.The prospectus says SentinelOne intends to list Class A common stock, though the number of shares and price range for the proposed offering have yet to be determined. It also identifies Morgan Stanley, Goldman Sachs, Bank of America Securities, Barclays and Wells Fargo Securities as the lead underwriters.The company ranked No. 4 on this year’s CNBC Disruptor 50 list.SIGN UP for our weekly, original newsletter that goes beyond the list, offering a closer look at CNBC Disruptor 50 companies, and the founders who continue to innovate across every sector of the economy.

Liberty Global to Present at the Bank of America Telecom, Media & Internet Conference 2021

Liberty Global plc (“Liberty Global”) (NASDAQ: LBTYA, LBTYB and LBTYK) will be presenting at the Bank of America Telecom, Media & Internet Conference 2021 on Tuesday, June 15, 2021 at 10:00 a.m. Eastern Time. Liberty Global may make observations concerning its historical operating performance and outlook. The presentation will be webcast live at www.libertyglobal.com. We intend to archive the webcast under the Investor Relations section of our website for approximately 30 days.

United Airlines wants to bring back supersonic travel with 15 jet deal

United Airlines said Thursday it will spend $3 billion to buy 15 supersonic, zero-emissions jetliners from aviation startup Boom Supersonic.

The jet maker says its “Overture” model jets will fly at double the speed of today’s fastest airliners, carrying up to 88 travelers each from New York to London in 3.5 hours and San Francisco to Tokyo in six hours. The planes will exclusively use jet fuel created from organic matter, making them the world’s first large commercial aircraft with net-zero carbon emissions.

The Overture would be the first commercial faster-than-sound jet to take flight since the Concorde flew from the 1970s until 2003. Concordes were retired amid declining demand for air travel after 9/11, as well as passenger complaints about noise, lack of cabin space and pricey tickets. 

Scholl told the Post that his company plans to address the issues that plagued the Concorde, adding extra seating room and large windows. The cost of operating the Overture will also be 75 perent lower than the Concorde, translating into lower ticket prices for customers, he said. 

“This is a much larger and more comfortable experience than Concorde,” Boom Supersonic CEO Blake Scholl told The Post. “It’s been half a century. We can do better.” 

“If United is flying transatlantic in half the time, if you’re another airline and you’re not flying supersonic, you’re in trouble,” Boom Supersonic CEO Blake Scholl told the Post.Boom Supersonic

But Scholl’s company has a long way to go before it can deliver on United’s order, much less take over the transatlantic flight market. The company has yet to test any aircraft, with plans for a test flight of a one-seater aircraft sometime later this year or early in 2022, according to Scholl.

Denver-based Boom then plans to break ground on an Overture factory capable of manufacturing 66 jets per year in 2022, conduct its first full-sized test flights in 2026 and offer passenger flights through United and other airlines in 2029, he said. 

The Concorde flew from the 1970s until 2003.Getty Images

However, the company’s schedule has been inconsistent. In 2019, Scholl told industry site AirlineRatings that the company’s first test jet would take to the air in 2020.

Asked about the delays, Scholl told the Post the company was operating with a “schedule of breathing room.” 

“Safety is number-one, so you don’t want to create a pressurized schedule,” he said.

The United order includes a non-refundable deposit and an option to purchase 35 more jets for $7 billion if the airline likes the first batch, Scholl said. He would not disclose the size of the deposit. 

Boom Supersonic

The deal represents Boom’s first non-refundable deal. The company previously booked a refundable preorder from Virgin Airlines and signed a contract with the US Air Force to “explore an Overture configuration for government executive flight.” It also raised $10 million from Japan Airlines in 2017. 

United can back out of the deal while losing its non-refundable deposit if Boom fails to receive regulatory approval or meet United’s safety, operating and sustainability requirements, the Chicago-based carrier said. 

Boom Supersonic investors include American Express Ventures, Y Combinator, Emerson Collective and Caffeinated Capital.Boom Supersonic

Boom has raised a total of $241 million in funding, according to Crunchbase, from investors including American Express ventures, Y Combinator, Emerson Collective and Caffeinated Capital. 

Scholl said the company is “super well funded” but still plans to raise more money in the future. 

For United Airlines, the deal represents an optimistic streak after the airline faced an existential crisis as passenger demand vanished during the coronavirus pandemic. The company posted a $7.7 billion loss in 2020, but demand for flights has started to bounce back. 

The deal represents an optimistic streak for United after the company posted a $7.7 billion loss in 2020.Boom Supersonic

United CEO Scott Kirby said, “Boom’s vision for the future of commercial aviation, combined with the industry’s most robust route network in the world, will give business and leisure travelers access to a stellar flight experience.” 

Google reassigns diversity lead after antisemitic blog post comes to light

In this articleGOOGLCarsten Koall | Getty ImagesGoogle has reassigned global diversity lead Kamau Bobb after it deemed his past comments as antisemitic.Bobb, a global lead for diversity strategy and research at Google, has been in the role at the company for nearly three years, according to his LinkedIn profile.The Washington Free Beacon recently surfaced a 2007 blog post by Bobb about Israel in which he wrote that Jewish people had an “insensitivity” to suffering and stated “If I were a Jew I would be concerned about my insatiable appetite for war and killing in defense of myself.” He also imagined if he were Jewish, writing, “I don’t know how I would reconcile that identity with the behavior of fundamentalist Jewish extremists or of Israel as a nation.” The post has since been removed, but is duplicated here.A Google spokesperson told CNBC that Bobb has apologized for his remarks and will no longer be part of the diversity team going forward. He will work in STEM education at the company.”We unequivocally condemn the past writings by a member of our diversity team that are causing deep offense and pain to members of our Jewish community and our LGBTQ+ community,” the company said in a statement. “This has come at at a time where we’ve seen an alarming increase in antisemitic attacks,” the Google spokesperson added. “Antisemitism is a vile prejudice that has given rise to unfathomable acts. It has no place in society and we stand with our Jewish community in condemning it.”Bobb did not immediately return requests for comment.The move comes as the company faces criticism for its commitment to diversity and inclusion and those who lead it. It also comes as tech companies grapple with how to handle comments made by employees in the years before their employment — particularly for companies like Google, which has long touted an open dialogue with employees.However, Jewish Google employees have complained about the company’s handling of internal discussions, alleging it doesn’t enforce policies evenly.Google’s Jewish employee resource group recently called on the company to increase its support of Palestinians amid Israel’s deadly bombing campaign in Gaza, claiming “Anti-Zionism is not antisemitism and this conflation harms the pursuit of justice for Palestinians and Jews alike by limiting freedom of expression and distracting from real acts of antisemitism.”Watch Now: Why Ursula Burns believes DEI movement is not another false start.