Credit Suisse's Manish Nigam on Asia Tech Strategy

The video discusses the current market dynamics, focusing on the impact of COVID-19 on demand and supply, particularly in the semiconductor industry. It highlights the ongoing shortages and the strong demand for PCs and other electronics due to remote work and study. The video also covers the effects of global reopening, the expansion of 5G technology, and the challenges faced by semiconductor manufacturers like TSMC due to currency fluctuations and investment needs. Finally, it provides insights into the earnings growth trends and forecasts for the tech sector, emphasizing the strong performance expected in the coming years.

What has been a significant factor contributing to the shortages in the PC market?

• Decrease in consumer demand

• COVID-19 related work and study from home

• Reduction in production costs

• Increase in supply chain efficiency

What was the primary reason for the tight supply in 2020?

• Unexpectedly high demand

• Increased production capacity

• Decrease in consumer interest

• Improved supply chain management

How has the reopening of economies affected the demand for 5G smartphones?

• Decreased demand due to market saturation

• Increased demand as people upgrade their devices

• Demand shifted to other electronic devices

• No change in demand

Which market is currently leading in 5G smartphone sales?

• Europe

• China

• United States

• India

What is one of the reasons for the negative impact on TSMC's margins?

• Reduction in technological advancements

• Increase in labor costs

• Appreciation of the anti-dollar

• Decrease in global demand for semiconductors

What is the expected earnings growth for the tech sector in Asia ex Japan next year?

• 35-40%

• 25-30%

• 18-20%

• 10-12%

What was the earnings growth for the tech sector in Asia ex Japan last year?

• 20%

• 30%

• 40%

• 50%