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

Equity Bottom-Up

Samsung's 4Q20 earnings call was markedly different from Micron's call just one month earlier.  Outlooks were hesitant, and all business units provided uninteresting guidance.  The company's semiconductor technology seems to have fallen behind that of its competitors.

Samsung's 4Q20 earnings call was markedly different from Micron's call just one month earlier.  Outlooks were hesitant, and all business units provided uninteresting guidance.  The company's semiconductor technology seems to have fallen behind that of its competitors.

Samsung Surprisingly Cautious in 4Q Earnings Call

Thematic (Sector/Industry)

The SIA has posted the semiconductor market's year-end total.  Revenues were up 6.5% over 2019, impressively above the industry's 3.9% average annual growth.  This is even more impressive given that the year started off with a consumer slump as the pandemic emerged.

The SIA has posted the semiconductor market's year-end total.  Revenues were up 6.5% over 2019, impressively above the industry's 3.9% average annual growth.  This is even more impressive given that the year started off with a consumer slump as the pandemic emerged.

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

2020 was a year of two halves as far as semiconductor memory was concerned. The first two quarters saw rising ASPs for both DRAM and NAND. In the case of the former, it was the reversal of a five-quarter period of declining ASPs and, in the case of the latter, the reversal of an eight quarter downward ASP spiral. That recovery changed trajectory in the second half of the year when ASPs once again declined across the board during the third and fourth quarters. So, where exactly are we in terms of the current memory cycle and what can we expect in the quarters and years ahead? Here's our thoughts on the matter.

2020 was a year of two halves as far as semiconductor memory was concerned. The first two quarters saw rising ASPs for both DRAM and NAND. In the case of the former, it was the reversal of a five-quarter period of declining ASPs and, in the case of the latter, the reversal of an eight quarter downward ASP spiral. That recovery changed trajectory in the second half of the year when ASPs once again declined across the board during the third and fourth quarters. So, where exactly are we in terms of the current memory cycle and what can we expect in the quarters and years ahead? Here's our thoughts on the matter.

Semiconductor Memory Cycles. Where Are We At & Where Are We Going?

Founder/CEO of ROK Advisory, ROK Advisory LLC

Ken S. Kim

Founder/CEO of ROK Advisory

ROK Advisory LLC

ROK is an independent research advisory firm. We guide you to minimize the information gap between foreign and local investors in Northeast Asia with a focus in Korea, Taiwan and Japan.

Independent Research Advisory Firm

Event-Driven

On the latest earnings call, <a href="https://www.smartkarma.com/entities/samsung-electronics-co-ltd" target="_blank" data-smartkarma-citation="entities:191:1" rel="noopener">Samsung Electronics (005930 KS)</a> responded to a question on M&amp;A that has perked the interest of investors.   Is a M&amp;A in the cards in the near future?  We examine the likelihood and possible target(s).

On the latest earnings call, Samsung Electronics (005930 KS) responded to a question on M&amp;A that has perked the interest of investors.   Is a M&amp;A in the cards in the near future?  We examine the likelihood and possible target(s). 

DRAM chip prices have been rising for a the past few weeks.  Although blame has been attributed to a power failure at a Micron Technology plant in Taiwan, the price hikes are really the result of insufficient capital spending in 2019.

DRAM chip prices have been rising for a the past few weeks.  Although blame has been attributed to a power failure at a Micron Technology plant in Taiwan, the price hikes are really the result of insufficient capital spending in 2019.

One-Hour Power Outage, 9 Weeks of DRAM Price Hikes

United States

Micron Technology, Inc., through its subsidiaries, manufactures and markets dynamic random access memory chips (DRAMs), very fast static random access memory chips (SRAMs), Flash Memory, other semiconductor components, and memory modules.

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Micron Technology (MU US)

Samsung Surprisingly Cautious in 4Q Earnings Call

It's surprising how muted Samsung's outlook was in its 4Q20 earnings call when compared with Micron's call a month earlier. Here's some insight to...

Jim Handy

2020 Semiconductor Revenues Up 6.5%

How did the semiconductor market size up in 2020? This Insight shows that, despite COVID, the market enjoyed above-average growth, and appears...

Jim Handy

Semiconductor Memory Cycles. Where Are We At & Where Are We Going?

With the memory boom & bust cycle of the past three years in our rear view mirror, we posit that we are now entering a period of greater stability...

William Keating

Samsung Electronics - M&A in the Cards?

Samsung Electronics' M&A desire. To me there is a clear target that can be done in the near future even with JY Lee in the can.

Ken S. Kim

One-Hour Power Outage, 9 Weeks of DRAM Price Hikes

DRAM prices are rising thanks to a blossoming shortage, and not Micron's power outage that is commonly named as the reason.

Jim Handy

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