Semiconductors, Memory and SSDs Specialist, Objective Analysis

Jim Handy

Semiconductors, Memory and SSDs Specialist

Objective Analysis

Objective Analysis offers third-party independent market research and data for the semiconductor industry and investors in the semiconductor industry.

Semiconductors, Memory and SSDs

Thematic (Sector/Industry)

August semiconductor revenues set new records worldwide and in nearly every region.  This is a continuation of a growth trend that has been playing out since the end of 2019, with each month setting new records since December of last year.

August semiconductor revenues set new records worldwide and in nearly every region.  This is a continuation of a growth trend that has been playing out since the end of 2019, with each month setting new records since December of last year.

August Semiconductor Revenues Break Records Once Again

Equity Bottom-Up

Samsung's revenues have risen above Intel's for the second time in history, making Samsung the semiconductor market leader.  This should be a short-lived distinction, though, as was Samsung's similar distinction in 2018.  This Insight explains why Samsung will lose it's first-ranked position, and what the company would need to do to gain a sustainable leadership of the market.

Samsung's revenues have risen above Intel's for the second time in history, making Samsung the semiconductor market leader.  This should be a short-lived distinction, though, as was Samsung's similar distinction in 2018.  This Insight explains why Samsung will lose it's first-ranked position, and what the company would need to do to gain a sustainable leadership of the market.

Micron Technology just announced near-record revenues and strong earnings, but cautioned that the current quarter will come in lower than the most recent quarter.  Overall, the company expects to see a record fiscal 2022, owing partly to a market that will benefit all players, and partly to Micron's new leadership in process technologies.

Micron Technology just announced near-record revenues and strong earnings, but cautioned that the current quarter will come in lower than the most recent quarter.  Overall, the company expects to see a record fiscal 2022, owing partly to a market that will benefit all players, and partly to Micron's new leadership in process technologies.

Micron Posts 2nd-Best-Ever Quarter.  Outlook Positive

While Samsung argues that EUV is necessary to cost-effectively produce today's DRAMs, Micron plans to postpone its use of EUV until 2024.  Meanwhile, SK hynix is experimenting with the technology on its most advanced process node.
This Smartkarma Insight examines the reasons that each company is following a different path.  Although we can't predict which is the best direction, it is not difficult to see that Micron and Samsung are in better positions than SK hynix, and that ASML will thrive no matter which side wins.

While Samsung argues that EUV is necessary to cost-effectively produce today's DRAMs, Micron plans to postpone its use of EUV until 2024.  Meanwhile, SK hynix is experimenting with the technology on its most advanced process node.
This Smartkarma Insight examines the reasons that each company is following a different path.  Although we can't predict which is the best direction, it is not difficult to see that Micron and Samsung are in better positions than SK hynix, and that ASML will thrive no matter which side wins.

July semiconductor revenues, just reported by the SIA, reached a record high.  Today's market bears a strong resemblance to the high-growth days of 2017-18, and an end will come when the market falls back to normal growth.  This presents opportunities for growth in the near term and shorts in the longer term.

July semiconductor revenues, just reported by the SIA, reached a record high.  Today's market bears a strong resemblance to the high-growth days of 2017-18, and an end will come when the market falls back to normal growth.  This presents opportunities for growth in the near term and shorts in the longer term.

Semiconductors Continue Surprise Strength

United States

Micron Technology, Inc., through its subsidiaries, manufactures and markets dynamic random access memory chips (DRAMs), very fast static random access memory chips (SRAMs), Flash Memory, other semiconductor components, and memory modules.

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Micron Technology (MU US)

August Semiconductor Revenues Break Records Once Again

Once again the semiconductor market has set a new revenue record. Just-reported August revenues make it the highest month in history. There's no...

Jim Handy

Can Samsung Stay At Top of Chip Market?

Samsung has outstripped Intel as the leading chip maker, but this lead will soon disappear. Why is that? And what must Samsung do to enjoy a...

Jim Handy

Micron Posts 2nd-Best-Ever Quarter. Outlook Positive

While Micron announced its second-highest quarter ever, the outlook for the following quarter is down. Still the CEO expects a banner fiscal...

Jim Handy

Does DRAM Need EUV?

Is EUV really necessary for DRAM? Samsung thinks so, while Micron disagrees. Whoever wins will enjoy a lower cost structure than the other. ...

Jim Handy

Semiconductors Continue Surprise Strength

Semiconductor revenues in July were 29% higher than the prior year and the market set a new record. Will this continue? Yes, for a while, but...

Jim Handy

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