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)

<ul>
<li>Hyperscaler CapEx could be slowing down, based on 4Q24 spending</li>
<li>Microsoft made a significant cut in Q4, but Amazon, Facebook, and Alibaba all made big increases</li>
<li>Industry CapEx as a percent of revenue has slowed its growth</li>
</ul>


Hyperscaler CapEx could be slowing down, based on 4Q24 spending
Microsoft made a significant cut in Q4, but Amazon, Facebook, and Alibaba all made big increases
Industry CapEx as a percent of revenue has slowed its growth


Head of Global Macro Strategy, HarmoniQ Insights

Mark Connors

Head of Global Macro Strategy

HarmoniQ Insights

At HarmoniQ Insights, we empower investors to enhance their investment strategies by integrating cutting-edge quantitative research processes and technologies. Our solutions provide access to leading quantitative data providers and services, tailored to align with each client’s unique goals. By bridging the gap between traditional investment approaches and advanced data-driven methods, we help clients gain a competitive edge through innovation in both process and technology.

Macroeconomics

<ul>
<li>Investors are scrambling for safety as tariffs reshape the global financial order.</li>
<li>Capital is flowing into short-term Treasuries at an increasing pace.</li>
<li>Gold has been a steady haven, but will bitcoin also emerge as a safe haven.</li>
</ul>


Investors are scrambling for safety as tariffs reshape the global financial order.
Capital is flowing into short-term Treasuries at an increasing pace.
Gold has been a steady haven, but will bitcoin also emerge as a safe haven.


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

<ul>
<li>Worldwide silicon wafer shipments decreased by 2.7% to 12,266 million square inches in 2024, details here. This follows a 14.3% decline in the prior year.</li>
<li>Silicon wafer companies continue to trade at historic lows with two of the top four players sporting P/B ratios of 0.7. Intel's P/B is presently 0.9. This makes little sense.</li>
<li>The current depreciation headwinds triggered by a huge CapEx splurge from 2021-2024 will turn to tailwinds once demand recovers and built-ahead production capacity stands ready &amp; waiting.</li>
</ul>


Worldwide silicon wafer shipments decreased by 2.7% to 12,266 million square inches in 2024, details here. This follows a 14.3% decline in the prior year.
Silicon wafer companies continue to trade at historic lows with two of the top four players sporting P/B ratios of 0.7. Intel's P/B is presently 0.9. This makes little sense.
The current depreciation headwinds triggered by a huge CapEx splurge from 2021-2024 will turn to tailwinds once demand recovers and built-ahead production capacity stands ready &amp; waiting.


Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Market & Forensics Analyst

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

<ul>
<li>A 60% tariff on Chinese imports will significantly disrupt supply chains, forcing companies to either absorb costs or shift production to alternative but less efficient markets.</li>
<li>Higher import duties on electronics, machinery, and consumer goods will increase manufacturing costs, leading to price hikes and reduced competitiveness for American businesses in global markets.</li>
<li>Retaliatory tariffs from China, Canada, and Mexico will directly impact U.S. exports, affecting key industries like agriculture, automotive, and technology while escalating trade tensions globally.</li>
</ul>


A 60% tariff on Chinese imports will significantly disrupt supply chains, forcing companies to either absorb costs or shift production to alternative but less efficient markets.
Higher import duties on electronics, machinery, and consumer goods will increase manufacturing costs, leading to price hikes and reduced competitiveness for American businesses in global markets.
Retaliatory tariffs from China, Canada, and Mexico will directly impact U.S. exports, affecting key industries like agriculture, automotive, and technology while escalating trade tensions globally.


Trump’s Tariff War: A New Era of Global Trade Disruption

<ul>
<li>
<a href="https://www.smartkarma.com/entities/tata-consultancy-svcs-ltd" target="_blank" data-smartkarma-citation="entities:18708:1" rel="noopener">Tata Consultancy Svcs (TCS IN)</a> achieved a strong TCV of $10.2 billion, driven by significant large deal wins across diverse markets and industries, instills confidence for future financial years.</li>
<li>
<a href="https://www.smartkarma.com/entities/hcl-technologies-ltd" target="_blank" data-smartkarma-citation="entities:20025:1" rel="noopener">HCL Technologies (HCLT IN)</a> is Witnessing strong growth in Technology and Financial Services due to increased spending patterns, along with a sizable number of deals influenced by AI and GenAI.</li>
<li>
<a href="https://www.smartkarma.com/entities/wipro-ltd" target="_blank" data-smartkarma-citation="entities:15360:1" rel="noopener">Wipro Ltd (WPRO IN)</a> expects significant growth in AI spending and is committed to driving innovation for clients by leveraging the transformative power of AI, with discretionary spending slowly returning.</li>
</ul>



Tata Consultancy Svcs (TCS IN) achieved a strong TCV of $10.2 billion, driven by significant large deal wins across diverse markets and industries, instills confidence for future financial years.

HCL Technologies (HCLT IN) is Witnessing strong growth in Technology and Financial Services due to increased spending patterns, along with a sizable number of deals influenced by AI and GenAI.

Wipro Ltd (WPRO IN) expects significant growth in AI spending and is committed to driving innovation for clients by leveraging the transformative power of AI, with discretionary spending slowly returning.


IT Companies Q3 Update: Deal Flow, AI, Guidance Etc.

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IS AI Spending Poised to Fall?

Hyperscaler CapEx growth may be slowing as Microsoft cuts spending in Q4 while Amazon, Facebook, and Alibaba increase theirs, leading to a...

Jim Handy

Investors Run and Hide

Sometimes a macro insight can provide valuable perspective and inform on new data sets that capture emergent disruptions that were NOT in legacy data.

Mark Connors

Silicon Wafers. Is It Time To Invest?

The current depreciation headwinds triggered by a huge CapEx splurge from 2021-2024 will turn to tailwinds once demand recovers and built-ahead...

William Keating

Trump’s Tariff War: A New Era of Global Trade Disruption

A 60% tariff on Chinese imports will disrupt supply chains, increase manufacturing costs, and escalate trade tensions globally, impacting American...

Nimish Maheshwari

IT Companies Q3 Update: Deal Flow, AI, Guidance Etc.

TCS achieves strong TCV of $10.2 billion with large deal wins, HCLT sees growth in Tech and Financial Services, WPRO expects growth in AI spending...

Nimish Maheshwari

IS AI Spending Poised to Fall?

​Hyperscaler CapEx growth may be slowing as Microsoft cuts spending in Q4 while Amazon, Facebook, and Alibaba increase theirs, leading to a...

Jim Handy

Investors Run and Hide

Sometimes a macro insight can provide valuable perspective and inform on new data sets that capture emergent disruptions that were NOT in legacy data.

Mark Connors

Silicon Wafers. Is It Time To Invest?

The current depreciation headwinds triggered by a huge CapEx splurge from 2021-2024 will turn to tailwinds once demand recovers and built-ahead...

William Keating

Trump’s Tariff War: A New Era of Global Trade Disruption

​A 60% tariff on Chinese imports will disrupt supply chains, increase manufacturing costs, and escalate trade tensions globally, impacting American...

Nimish Maheshwari

IT Companies Q3 Update: Deal Flow, AI, Guidance Etc.

​TCS achieves strong TCV of $10.2 billion with large deal wins, HCLT sees growth in Tech and Financial Services, WPRO expects growth in AI spending...

Nimish Maheshwari

Hyperscaler CapEx growth may be slowing as Microsoft cuts spending in Q4 while Amazon, Facebook, and Alibaba increase theirs, leading to a...

A 60% tariff on Chinese imports will disrupt supply chains, increase manufacturing costs, and escalate trade tensions globally, impacting American...

TCS achieves strong TCV of $10.2 billion with large deal wins, HCLT sees growth in Tech and Financial Services, WPRO expects growth in AI spending...