Cheng, you should not find your information only in this thread or forum, get your information through various reports, news, and most importantly management briefing. If you need a tool to help you do research, subscribe to Gemini 3, very useful for fact findings.

Memory
Transitioning to become the single-source supplier for a key US customer, aimed at maximizing capacity in Penang.
Maintaining high production yields while working on new product introductions (NPI). The company is also expanding Back-End (BE) services by adding Visual Inspection (VI) to post-assembly processes.

Thanks, ho kuan :) Its easy to find good news bcos of unconscious bias. These conversation and sharing is good if we look at it objectively; the power of diversity if you will and not about who is right or wrong. I am pessimistic with the sluggish RF segment which is the major contributor and hence I am biased negatively. You are optimistic with opto segment and that helps to keep my biases at bay :) Your stories and my stories are different and the numbers shared by gabriel above will tell us in future how it evolves over time. Put the money where the numbers are heading.

extended winter until the next Broadcom - Apple contract renewal for RF components. The last mega deal was signed in 2023 to supply the components and wifi chips for 2024, 2025, 2026. Wifi chips is now replaced with Apple's in-house chips. Maybe will have clarity between May and Sep this year.

mgmt guidance challenging FY2026 as Adama mentioned and looking ahead to FY2027 - Inari will still be affected by the smartphone cycle and declining market share in fiscal year 2026, but management is looking ahead to fiscal year 2027 as packaging capacity is redistributed. At the same time, the acquisition of Lumileds is progressing smoothly, and the government's support for advanced packaging investment is expected to help strengthen the medium- and long-term technology and product layout.

Ooh boy... Apple's results is good driven by IPhone 17. But iPhone 17 uses Apple's own networking/wifi chip instead of Broadcom. What will happen to Inari's RF segment in the upcoming qtr report? Google, Micron and TSMC seems to be the gainers.

Jan was a good month with foreign and local funds net buying. Feb started off with foreign net selling for 5th session - profit taking and risk off mode probably as earnings season for klse companies around the corner coupled with external headwinds. Let's see how it goes after CNY as the earnings season goes into full swing. US correction should be done by then :)

After the court’s decision, Trump’s trade representative, Jamieson Greer, told Fox News on Friday that those countries must honor agreements even if they call for higher rates than the Section 122 tariffs.

Exports to the US from countries such as Malaysia and Cambodia would continue to be taxed at their negotiated rates of 19%, even though the universal rate is lower, Greer said.

One thing for sure - the decision from the US Supreme court means more power for the congress than the US President :) Trump and his team are in panic mode now. What happens next - more lawsuits from US importers to reclaim the tariffs they have paid, supply chain rebalancing again and Trump's rhetoric - janji ada gaya.

Section 122 and 301 have different implication it seems. 122 - max 15% and for 150 days only. Extension requires Congress approval. 301 - the one used against China during Trump's first term. It requires investigation and takes time; meaning most of the countries will not fall into this category probably.

MNCs involved in life science/medical industry, AI chips manufacturing, logic and memory manufacturing and some in automotive chips manufacturing. The life science and AI chips manufacturing will probably trigger most of the ate capex demand driven by sophisticated/advanced requirements.

So it would be very logical to start accumulating the related companies that you have mentioned, ATE business is booming because their clients are expanding their business. So the next question is, does ATE enjoys recurring income from the machines sold? or their clients who is currently expanding?

blocking me doesnt change the facts that the fundamental of inari is getting worst with no end in sight yet haha...

u can continue bury your ostrich head in the sand. i guess if u dont see it, then it doesnt happen...

Cooler heads prevail. Sharing is good and it helps to keep biases at bay. this thread was started about 2 months ago when USASA95 asking whether 1.75 is a good price to enter when the price was hovering near 1.90. None of the folks in this thread capable of distributing and selling the price down to where it is today.

teardown reports for iPhone 17 showing Broadcom's advanced FEM which has the fbar filters functionality integrated instead of the standalone fbar filters. It raises two questions - (1) volume of standalone fbar filters will drop (2) seeing an AFEM means more system level testing and packaging instead of standalone fbar filters. There is no documented evidence that Inari is doing the system level testing for Broadcom's AFEM. Could it be Broadcom's AFEM orders for system level testing and packaging went to Amkor or ASE/SPIL while Inari's standalone fbar filters is taking a hit?

there's more to the integration in terms of unknown impact to Inari - volume and margins. Integrated (FEM) volume versus standalone RF devices - amplifiers, switches, fbar filters; until actual signs of growth appear. Analysts cited cautiously optimistic with FY27 which is 3 more quarters from now. At the same time, Broadcom and Apple contract which is normally renewed every 3 years is due again this year; should hear something about it by mid of this year.