In today’s briefing:
- Semiconductor Memory 2023 In Review, 2024 Outlook
- Ohayo Japan | Historic Highs
Semiconductor Memory 2023 In Review, 2024 Outlook
- 2023 DRAM + NAND revenues declined 36% YoY from $140.3 billion to $89.2 billion. This followed a 14% decline YoY in 2022.
- Forecasting ~40% YoY growth in 2024, bringing overall memory revenues back to roughly 2022 levels
- ASML’s Memory-related WFE revenue in 2023 was an all time record high at $5.9 billion. Much of that was spent in China and its impact remains to be seen..
Ohayo Japan | Historic Highs
- The Nasdaq Composite surged 0.90% to a historic closing high of 16,091.92
- Japan’s January factory output plummeted by 7.5%, the sharpest decline since May 2020
- Four non-life insurance companies, including Tokio Marine & Nichido Fire Insurance, announced the sale of all cross-shareholdings valued at approximately 6.5 trillion yen
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