Report
Christoffer Wang Bjørnsen
EUR 169.01 For Business Accounts Only

Nordic Semiconductor (Buy, TP: NOK52.00) - Amazon Sidewalk read across

Last night Amazon announced a new radio protocol, Sidewalk, likely complimentary to BLE, and a competitor to Cellular IoT (cloT) and other low-power wide area (LPWA) protocols. Given the protocol’s proprietary nature, different target applications from BLE and cIoT, and that Amazon did not expect to launch reference designs until next year, we expect a limited short- to medium-term effect on Nordic Semiconductor.
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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