AMCC, CAVM, ARMH, INTC, AAPL: Evercore Ponders 64-Bit Prospects (Update)

Information
2013-Mar-26 | Tags: arm

Start64!Evercore Partners tech analyst Patrick Wang today offers up clients some notes from his trip through Silicon Valley last week, ranging across a number of semiconductor names.

ARM Holdings (ARMH) may benefit, he thinks, as Apple (AAPL) “will introduce the first 64-bit ARM-based chip this year,” according to his conversations (he doesn’t say from where he derives that notion.) “This bodes well for ARMH as v8 designs drive richer royalty rates.” Wang doesn’t elaborate on whether he’s expecting an iMac, a laptop, or a resuscitation of the server line at Apple.

“The ramp of big.LITTLE parts at multiple vendors (Samsung, MTK, HiSilicon, etc) in 2H13 will also help given the royalty adder and sheer number of shipped cores.” Wang has an Overweight rating on ARM shares and a $50 price target.


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