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)

China's current efforts to gain prominence in the semiconductor market targets memory chips - large commodities.  This three-part series of insights examines how China determined its strategy and explains which companies are the most threatened by it.This second part of the series explains how China chose commodity semiconductors (DRAM and NAND flash memory chips) as the best technology to pursue.

China's current efforts to gain prominence in the semiconductor market targets memory chips - large commodities.  This three-part series of insights examines how China determined its strategy and explains which companies are the most threatened by it.This second part of the series explains how China chose commodity semiconductors (DRAM and NAND flash memory chips) as the best technology to pursue.

China's New Semiconductor Thrust - Part 2: Commodities as a Quick Path to Success

China's current efforts to gain prominence in the semiconductor market targets memory chips - large commodities.  This three-part series of insights examines how China determined its strategy and explains which companies are the most threatened by it.In the first part of this series we will see what motivated China to enter the market and how it plans to do so.

China's current efforts to gain prominence in the semiconductor market targets memory chips - large commodities.  This three-part series of insights examines how China determined its strategy and explains which companies are the most threatened by it.In the first part of this series we will see what motivated China to enter the market and how it plans to do so.

China's New Semiconductor Thrust - Part 1: Why and How?

The Semiconductor Industry Association in the US released the latest WSTS figures for January chip revenues.  Monthly revenues are down 15.6% from January of 2018.  While this is not a surprise to our clients it is frightening to those who anticipated that 2019 would be a continuation of the bonanza enjoyed in 2018.

The Semiconductor Industry Association in the US released the latest WSTS figures for January chip revenues.  Monthly revenues are down 15.6% from January of 2018.  While this is not a surprise to our clients it is frightening to those who anticipated that 2019 would be a continuation of the bonanza enjoyed in 2018.

January Chip Revenues Down 15.6% Year-On-Year

During recent earnings calls memory chip makers have postulated that the market will return to higher margins once price elasticity causes demand to increase.  This popular myth needs to be treated with great skepticism since, as this Insight will reveal, short-term price elasticity has a negligible impact upon memory chip sales if it has any impact at all.

During recent earnings calls memory chip makers have postulated that the market will return to higher margins once price elasticity causes demand to increase.  This popular myth needs to be treated with great skepticism since, as this Insight will reveal, short-term price elasticity has a negligible impact upon memory chip sales if it has any impact at all.

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

Equity Bottom-Up

<ul>
<li>Three KPIs run the business, Get a fair return on the technology, dampen cyclicality via NBMs with financial guarantees, limiting to mid-to-high-teens bit growth</li>
<li>First three NBM agreements (signed March quarter): $42 billion total lifetime contracted value. Five NBM agreements now signed</li>
<li>SanDisk’s February 2025 Analyst Day call was that NAND would inflect in 2H25 and remain undersupplied through end 2026. Goeckeler is now extending the same conviction level through end 2027.</li>
</ul>


Three KPIs run the business, Get a fair return on the technology, dampen cyclicality via NBMs with financial guarantees, limiting to mid-to-high-teens bit growth
First three NBM agreements (signed March quarter): $42 billion total lifetime contracted value. Five NBM agreements now signed
SanDisk’s February 2025 Analyst Day call was that NAND would inflect in 2H25 and remain undersupplied through end 2026. Goeckeler is now extending the same conviction level through end 2027.


SanDisk @ JPM 54th Annual TMT. Key Takeaways & Full Transcript

United States

Western Digital Corporation is a global provider of solutions for the collection, storage, management, protection and use of digital content, including audio and video. The Company's products include hard drives, solid-state drives, and home entertainment and networking products.

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Western Digital (WDC US)

China's New Semiconductor Thrust - Part 2: Commodities as a Quick Path to Success

China's current efforts to gain prominence in the semiconductor market targets memory chips - large commodities. This three-part series of...

Jim Handy

China's New Semiconductor Thrust - Part 1: Why and How?

China's current efforts to gain prominence in the semiconductor market targets memory chips - large commodities. This three-part series of...

Jim Handy

January Chip Revenues Down 15.6% Year-On-Year

The Semiconductor Industry Association in the US released the latest WSTS figures for January chip revenues. Monthly revenues are down 15.6% from...

Jim Handy

Memory Chips and the Elasticity Myth

During recent earnings calls memory chip makers have postulated that the market will return to higher margins once price elasticity causes demand...

Jim Handy

SanDisk @ JPM 54th Annual TMT. Key Takeaways & Full Transcript

SanDisk’s February 2025 Analyst Day call was that NAND would inflect in 2H25 and remain undersupplied through end 2026. Goeckeler is now extending...

William Keating

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