Semiconductor & Technology Specialist, Ingenuity

William Keating

Semiconductor & Technology Specialist

Thematic (Sector/Industry)

<ul>
<li>In reality,  with 18A already sampling since Q4 '22, it's effectively a done deal already</li>
<li>Despite being "manufacturing ready" since December 2022, the first product based on Intel 4 likely won't hit the shelves until Q4 '23</li>
<li>"5 nodes in 4 years" is meaningless unless qualified with unit volume, ramp speed and yield metrics. These are where the real challenges lie.  </li>
</ul>


In reality,  with 18A already sampling since Q4 '22, it's effectively a done deal already
Despite being "manufacturing ready" since December 2022, the first product based on Intel 4 likely won't hit the shelves until Q4 '23
"5 nodes in 4 years" is meaningless unless qualified with unit volume, ramp speed and yield metrics. These are where the real challenges lie.  


Intel's "5 Nodes In 4 Years" Is A Red Herring

<ul>
<li>March revenue numbers from the Taiwan semi ecosystem are surprisingly good.</li>
<li>The sequential decline in Q1 2023 PC unit shipments was at the low end of the predicted range</li>
<li>Quanta, a leading ODM Direct Server manufacturer,  had an unexpectedly strong first quarter. </li>
</ul>


March revenue numbers from the Taiwan semi ecosystem are surprisingly good.
The sequential decline in Q1 2023 PC unit shipments was at the low end of the predicted range
Quanta, a leading ODM Direct Server manufacturer,  had an unexpectedly strong first quarter. 


Semiconductors: More Green Shoots Of Recovery Keep On Popping Up

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

<ul>
<li>Semiconductor revenues remain in a decline, although that decline has slowed.</li>
<li>Prices appear to have reached cost.  They should follow cost declines until a shortage returns.</li>
<li>The timing of the next shortage is still in question.</li>
</ul>


Semiconductor revenues remain in a decline, although that decline has slowed.
Prices appear to have reached cost.  They should follow cost declines until a shortage returns.
The timing of the next shortage is still in question.


<ul>
<li>Q1 2023 revenue of ~US$16.7 billion was at the bottom end of the guided range </li>
<li>Despite the inauspicious start, Q1 revenue still represents sequential growth of 3.6% year on year.</li>
<li>TSMC's earnings commentary on April 20 next will set the stage for how recovery looks across the broader semiconductor industry</li>
</ul>


Q1 2023 revenue of ~US$16.7 billion was at the bottom end of the guided range 
Despite the inauspicious start, Q1 revenue still represents sequential growth of 3.6% year on year.
TSMC's earnings commentary on April 20 next will set the stage for how recovery looks across the broader semiconductor industry


<ul>
<li>Gordon Moore, co-founder of Intel in 1968, has died at the age of 94</li>
<li>Arthur Rock raised $2.5 million to kick-start Intel in a single day. He did so without any formal business plan from the founding duo. He's still alive to this day. </li>
<li>While Noyce was charismatic and loved the limelight, Moore was the quiet revolutionary in the background who nurtured Intel to become the most important semiconductor company on the planet</li>
</ul>


Gordon Moore, co-founder of Intel in 1968, has died at the age of 94
Arthur Rock raised $2.5 million to kick-start Intel in a single day. He did so without any formal business plan from the founding duo. He's still alive to this day. 
While Noyce was charismatic and loved the limelight, Moore was the quiet revolutionary in the background who nurtured Intel to become the most important semiconductor company on the planet


United States

Intel Corporation designs, manufactures, and sells computer components and related products.  The Company's major products include microprocessors, chipsets, embedded processors and microcontrollers, flash memory products, graphics products, network and communications products, systems management software, conferencing products, and digital imaging products.

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Intel Corp (INTC US)

Intel's "5 Nodes In 4 Years" Is A Red Herring

"5 nodes in 4 years" is a meaningless mantra unless qualified with unit volume, ramp speed and yield metrics. These are where the real challenges lie.

William Keating

Semiconductors: More Green Shoots Of Recovery Keep On Popping Up

March revenue numbers from the Taiwan semi ecosystem are surprisingly good. The sequential decline in Q1 2023 PC unit shipments was at the low end...

William Keating

No Signs of a Chip Recovery

Has the chip downturn ended? No. Is there any sign that it's going to end soon? Again, no. This Insight provides concrete data points to...

Jim Handy

TSMC March Revenue Falls 10.9% MoM

Q1 2023 revenue of ~US$16.7 billion was at the bottom end of the guided range. Despite the inauspicious start, Q1 revenue still represents...

William Keating

Intel: How It All Got Started

Arthur Rock raised $2.5 million to kick-start Intel in a single day. He did so without any formal business plan from the founding duo. He's still...

William Keating

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