06:42:47 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Canaccord Genuity Group Inc
Symbol CF
Shares Issued 102,620,834
Close 2015-06-12 C$ 8.12
Market Cap C$ 833,281,172
Recent Sedar Documents

Globe says Canaccord sees bright outlook for chipmakers

2015-06-15 07:23 ET - In the News

The Globe and Mail reports in its Saturday, June 13, edition that the outlook for chipmakers is bright. The Globe's David Milstead writes that Citigroup forecasts the Internet of Things (also known as IoT), semiconductor sales to grow 29 per cent yearly from 2014 to 2017, versus 3 per cent for the total semiconductor industry. There is, however, an overwhelming number of choices of chipmakers. Canaccord Genuity Group gathers chipmakers into specific themes. It has "buy" ratings on Ambarella Inc., NXP Semiconductors NV and Qualcomm Inc. Ambarella chips are used for dashboard and backup cameras. NXP, which, in buying Freescale Semiconductor Ltd., will now be No. 1 in automotive semiconductors. Industry giant Qualcomm is extending its smart phone products into automotive. Canaccord also cites Atmel Corp. and Nvidia Corp. as top players in auto IoT, but has "holds" on the shares. Canaccord also notes Ambarella's video efforts in the consumer market and joins others enthused about Silicon Laboratories Inc., citing its chips presence in applications by giant cable company Comcast. Home and business security systems are another theme -- and Canaccord again cites NXP, as well as buy-rated ARM Holdings PLC.

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