Report
Christoffer Wang Bjørnsen
EUR 85.64 For Business Accounts Only

Nordic Semiconductor (Buy, TP: NOK250.00) - Apple design continued – two chipsets from Nordic Semiconductor

Further to the chip we found in the Apple TV remote controller, we have now discovered an additional chip from Nordic Semiconductor in the main streaming hub itself, meaning that the company will chip two multi-protocol chipsets per unit of Apple TV sold, making this a bigger revenue opportunity given that we believe Apple TV is likely to ship in the tens of millions annually. Both nRF52833 and nRF52840 are included, and both support concurrent connectivity on Bluetooth LE and Thread.
Underlying
Nordic Semiconductor ASA

Nordic Semiconductor is a fabless semiconductor company which designs, sells and delivers integrated circuits and related intellectual property for use in short-range wireless applications. Co. is engaged in ultra-low power wireless solutions, based on its proprietary 2.4 Gigahertz Radio Frequency and Bluetooth Smart technology. Co.'s components are manufactured by subcontractors and sold through electronics distributors to manufacturers of branded electronics across a range of product categories. These categories include personal computer and tablet accessories, sports/health monitors, mobile phone accessories, media remote controls, home and industrial automation, and other applications.

Provider
DnB Markets
DnB Markets

DNB Markets is the investment banking arm of DNB Bank ASA and is focused primarily on the Nordic region, as well as internationally on niches such as global shipping, energy and related services, and seafood. DNB Markets offers services in FICC, Equities and Investment Banking advisory from offices in Oslo, Stockholm, London, Singapore and New York. Equity research coverage is offered on c250 Nordic companies. DNB was ranked no.2 in Extel Nordic Research 2017. The DNB Markets’ Credit and FICC Macro & FX Research teams are repeatedly highly rated by Prospera Nordic Institutional Investor Surveys.

 

Analysts
Christoffer Wang Bjørnsen

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