Semiconductor & Technology Specialist, Ingenuity

William Keating

Semiconductor & Technology Specialist

Ingenuity

Our focus is exclusively on in-depth research & consulting in the broader semiconductor industry. We focus on the key players, namely Intel, Micron, Qualcomm, Apple, Samsung, NVIDIA, AMD, TSMC & Global Foundries - as well as some of the lesser known, but nonetheless critical, companies such as ASML (for EUV), Mellanox, Cavium, Xilinx etc. We specialise in their products, roadmaps, process technologies, competitive advantages & threats etc. We also help our clients understand the implications of new and emerging technologies, e.g. 3D X-Point, 3D NAND, Carbon Nanotubes, Autonomous Driving, Graphene, Silicon Photonics, Wafer-Level Optics, Artificial Intelligence, FPGA, GPU, ASIC etc. 

Semiconductor Analysis & Research

Equity Bottom-Up

<a href="https://www.smartkarma.com/entities/intel-corp" target="_blank" data-smartkarma-citation="entities:16764:1" rel="noopener">Intel'</a>s share price is currently down some 26% from its 52 week high, almost exactly where it was three years ago. Meanwhile, competitors <a href="https://www.smartkarma.com/entities/advanced-micro-devices-inc" target="_blank" data-smartkarma-citation="entities:19009:1" rel="noopener">Advanced Micro Devices</a> and <a href="https://www.smartkarma.com/entities/nvidia-corp" target="_blank" data-smartkarma-citation="entities:5891:1" rel="noopener">NVIDIA'</a>s share prices have more than doubled over the same time period. Paradoxically, demand for Intel's products has never been stronger and the company will likely deliver 5% YoY revenue growth compared to the 2% forecasted back in January. How did Intel find itself in this situation and where is the company heading from here? Here's our thoughts on the matter...

Intel's share price is currently down some 26% from its 52 week high, almost exactly where it was three years ago. Meanwhile, competitors Advanced Micro Devices and NVIDIA's share prices have more than doubled over the same time period. Paradoxically, demand for Intel's products has never been stronger and the company will likely deliver 5% YoY revenue growth compared to the 2% forecasted back in January. How did Intel find itself in this situation and where is the company heading from here? Here's our thoughts on the matter...

Intel. How Did We Get Here And Where Are We Going?

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)

In 2020 the semiconductor market defied the odds by thriving as a result of the COVID-19 pandemic, rather than suffering from it.  2021 is lining up to do similarly well, but the risk of a global economic collapse would drag the chip market in the opposite direction.  This Insight explores both possibilities.

In 2020 the semiconductor market defied the odds by thriving as a result of the COVID-19 pandemic, rather than suffering from it.  2021 is lining up to do similarly well, but the risk of a global economic collapse would drag the chip market in the opposite direction.  This Insight explores both possibilities.

2021 High Conviction: Semiconductor Growth with COVID Risk

The latest WSTS semiconductor forecast provides a glittering outlook, but the organization's history, and the long-term trend of the industry, cast important doubt on the WSTS outlook.  Most of the positive sentiment appears to stem from the strong current market for memory chips.

The latest WSTS semiconductor forecast provides a glittering outlook, but the organization's history, and the long-term trend of the industry, cast important doubt on the WSTS outlook.  Most of the positive sentiment appears to stem from the strong current market for memory chips.

The SIA announced WSTS monthly semiconductor sales statistics for October 2020.   Sales were 6% higher than October 2019 and 3.1% higher than the prior month.  While this looks like the beginning of a growth phase, it seems more likely that sales will drop back to trend in the near future.

The SIA announced WSTS monthly semiconductor sales statistics for October 2020.   Sales were 6% higher than October 2019 and 3.1% higher than the prior month.  While this looks like the beginning of a growth phase, it seems more likely that sales will drop back to trend in the near future.

October Semiconductor Revenues Continue Upward Trend

Semiconductor wafer fab equipment sales are on track to grow by over 20% sequentially in 2020 with the broader foundry segment growing by around 20% and TSMC more than 30%. Yet, silicon wafer area shipments will struggle to increase by more than 2% and revenues are set to remain flat to slightly down. How do we explain the seeming discrepancy between these growth numbers? Here's our thoughts on the matter.

Semiconductor wafer fab equipment sales are on track to grow by over 20% sequentially in 2020 with the broader foundry segment growing by around 20% and TSMC more than 30%. Yet, silicon wafer area shipments will struggle to increase by more than 2% and revenues are set to remain flat to slightly down. How do we explain the seeming discrepancy between these growth numbers? Here's our thoughts on the matter. 

Silicon Wafers. Why The Tepid Growth Despite Strength in WFE, Foundry & Logic?

United States

NVIDIA Corporation designs, develops, and markets three dimensional (3D) graphics processors and related software.  The Company's products provide interactive 3D graphics to the mainstream personal computer market.

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NVIDIA Corp (NVDA US)

Intel. How Did We Get Here And Where Are We Going?

Despite unprecedented demand for their products and record revenues, Intel's share price is bouncing off its March pandemic lows, close to where it...

William Keating

2021 High Conviction: Semiconductor Growth with COVID Risk

In 2021 either the chip market will grow or a COVID-driven collapse will cause it to decline. This Insight shows how to estimate either extreme,...

Jim Handy

WSTS Forecast Update All Positive

WSTS announced a very bullish semiconductor forecast, but this Insight shows why the careful investor needs to understand how this forecast came to...

Jim Handy

October Semiconductor Revenues Continue Upward Trend

October semiconductor sales showed impressive growth. Will this acceleration continue? This post indicates that revenues are most likely to drop...

Jim Handy

Silicon Wafers. Why The Tepid Growth Despite Strength in WFE, Foundry & Logic?

With the WFE and foundry segments set for >20% growth in 2020, why are silicon wafer area shipments growing by only 2.4%? Here's what we think the...

William Keating

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