Report
Christoffer Wang Bjørnsen
EUR 86.70 For Business Accounts Only

Nordic Semiconductor (Buy, TP: NOK250.00) - Apple TV design win

We have just carried out a teardown of the new Apple 4K TV and found Nordic Semiconductor’s nRF52840 designed into the remote controller. In addition to being a solid volume driver for Nordic Semiconductor, probably in the tens of millions, we see this new win with Apple (in which it replaces a CSR-based Qualcomm chip) as a solid indication of its competitiveness in the market, following recent wins with AirTag and HomePod Mini.
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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