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>2022 is likely to be a very good year for semiconductors, with 6% revenue growth following outstanding 2021 growth of ~22%.</li>
<li>Demand is solid, and shortages are driving prices higher.  Since revenues are demand times price, all signs are positive.</li>
<li>The factors that caused the last collapse, in 2019, are not in place this time, indicating that a downturn is very unlikely.</li>
</ul>


2022 is likely to be a very good year for semiconductors, with 6% revenue growth following outstanding 2021 growth of ~22%.
Demand is solid, and shortages are driving prices higher.  Since revenues are demand times price, all signs are positive.
The factors that caused the last collapse, in 2019, are not in place this time, indicating that a downturn is very unlikely.


2022 High Conviction - Modest Semiconductor Growth

Latest News from the World’s Leading Innovators

Granite Bay Capital

An innovation focussed investment company

Granite Bay Capital is an innovation focussed investment company with a deep focus on the companies at the leading edge of innovation across major themes such as AI, ubiquitous computing, sustainability, automation and longevity.

<h2>Headline Developments</h2><p>Not the best week for Facebook (FB) !  Firstly, the entire company’s ecosystem (FB, Instagram, WhatsApp and Messenger) ground to a halt for several hours.  This is an extraordinary occurrence for a company of this size.  Trying to keep this as simple as possible, this was an internal problem.</p>

Headline DevelopmentsNot the best week for Facebook (FB) !  Firstly, the entire company’s ecosystem (FB, Instagram, WhatsApp and Messenger) ground to a halt for several hours.  This is an extraordinary occurrence for a company of this size.  Trying to keep this as simple as possible, this was an internal problem.

<p>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.</p>

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

Asia Pac ECM and Index Rebal, Shenton Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

DZT Research

DZT Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

Equity Capital Markets

Nexchip Semiconductor  / Equity Capital Markets

<ul>
<li>Nexchip has passed its HKEX hearing for an A+H listing. CICC is the sole sponsor.</li>
<li>We look at the company's core segments: display driver ICs, image sensors, and power management ICs.</li>
<li>We discussed our preliminary thoughts on the company's fair value based on A-H premium.</li>
</ul>


Nexchip has passed its HKEX hearing for an A+H listing. CICC is the sole sponsor.
We look at the company's core segments: display driver ICs, image sensors, and power management ICs.
We discussed our preliminary thoughts on the company's fair value based on A-H premium.


Nexchip (晶合集成) A+H Pre-IPO: Early Thoughts

Managing Director, Zero One, Zero One

Vincent Fernando, CFA

Managing Director, Zero One

Zero One

Founded in 2015, Zero One produces independent investment research and provides corporate finance advisory services with a focus on both listed and private technology companies. Founder Vincent Fernando has over 20 years of experience in US and Asia capital markets.

Independent Investment Research

Equity Bottom-Up

United Microelectron Sp Adr / Equity Bottom-Up

<ul>
<li><strong>SemiQA is building a new class of analog, neuromorphic AI chips for the edge, with mass production in Taiwan.</strong></li>
<li>SemiQA's analog chip designs enable in-memory computing; doing the AI math inside the memory itself. This cuts power usage by 90% and reduces latency.</li>
<li>
<strong>Analog edge-AI thesis and the case for non-TSMC chip fabs.</strong> Because SemiQA's analog approach does not chase leading-edge transistor density, SemiQA builds on mature, specialty fabs like UMC, Global Foundries.</li>
</ul>


SemiQA is building a new class of analog, neuromorphic AI chips for the edge, with mass production in Taiwan.
SemiQA's analog chip designs enable in-memory computing; doing the AI math inside the memory itself. This cuts power usage by 90% and reduces latency.

Analog edge-AI thesis and the case for non-TSMC chip fabs. Because SemiQA's analog approach does not chase leading-edge transistor density, SemiQA builds on mature, specialty fabs like UMC, Global Foundries.


TechChain Insights: SemiQA's Analog Chips Cut Power Usage by 90% and Use Non-TSMC Mature Node Fabs

United States

GLOBALFOUNDRIES Inc. operates as a semiconductor contract manufacturing and design company. The Company offers chips designed for markets such as mobility, automotive, computing and wired connectivity, and consumer internet of things (IoT). GLOBALFOUNDRIES serves customers worldwide.

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GLOBALFOUNDRIES (GFS US)

2022 High Conviction - Modest Semiconductor Growth

Can today's semiconductor revenue growth continue, or will the market undergo another collapse? Objective Analysis calls for 6% growth, and shows...

Jim Handy

Weekly Innovation Review (WIRE) #52

Not the best week for Facebook (FB) ! Firstly, the entire company’s ecosystem (FB, Instagram, WhatsApp and Messenger) ground to a halt for several...

Granite Bay Capital

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

Nexchip (晶合集成) A+H Pre-IPO: Early Thoughts

Nexchip has passed its HKEX hearing for an A+H listing. In this note, we look at the company's business, its industry context, and provide our...

Ke Yan, CFA, FRM

TechChain Insights: SemiQA's Analog Chips Cut Power Usage by 90% and Use Non-TSMC Mature Node Fabs

SemiQA is revolutionizing AI chips for the edge with analog designs, reducing power usage by 90% and latency, while utilizing non-TSMC mature node...

Vincent Fernando, CFA

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52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

2022 High Conviction - Modest Semiconductor Growth

Can today's semiconductor revenue growth continue, or will the market undergo another collapse? Objective Analysis calls for 6% growth, and shows...

Jim Handy

Weekly Innovation Review (WIRE) #52

Not the best week for Facebook (FB) ! Firstly, the entire company’s ecosystem (FB, Instagram, WhatsApp and Messenger) ground to a halt for several...

Granite Bay Capital

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

Nexchip (晶合集成) A+H Pre-IPO: Early Thoughts

Nexchip has passed its HKEX hearing for an A+H listing. In this note, we look at the company's business, its industry context, and provide our...

Ke Yan, CFA, FRM

TechChain Insights: SemiQA's Analog Chips Cut Power Usage by 90% and Use Non-TSMC Mature Node Fabs

​SemiQA is revolutionizing AI chips for the edge with analog designs, reducing power usage by 90% and latency, while utilizing non-TSMC mature node...

Vincent Fernando, CFA

SemiQA is revolutionizing AI chips for the edge with analog designs, reducing power usage by 90% and latency, while utilizing non-TSMC mature node...