STMicroelectronics (STM)

They're expanding into space, supplying Spacex's Starlink satellites and receivers. Are exposed to data centres. He expects EVs to take off in 3-4 years which will boost STM.

Too expensive at 51x PE though is a good company.

Disappointing. Like a smaller Intel. Their products are in Apple phones and Tesla cars. They use silicon carbide which last longer and use less heat. Targets $55.50. Still likes it.

Carbide chips are more expensive than regular chips, but key when it comes to autonomous vehicles. Multi-year contract with TSLA.

Tech component names are cyclical and there are issues on whether tax reform will be passed in order for them to repatriate dollars, but on the whole, he is constructive on this.

European chip manufacturer. They are a supplier of chips to the self driving cars. This is all next gen. Everyone points to the number of self driving cars that will be on the road in the future. It has big bottom line growth as well. (Analysts’ target: $17.50).