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)

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

Earnings have been announced for Intel, Samsung, SK hynix, and Western Digital, and the memory business is clearly undermining all of these companies' earnings.  In this Insight I review each of the  companies to show where they are, and will explain what the future holds for them as today's oversupply unfolds.

Earnings have been announced for Intel, Samsung, SK hynix, and Western Digital, and the memory business is clearly undermining all of these companies' earnings.  In this Insight I review each of the  companies to show where they are, and will explain what the future holds for them as today's oversupply unfolds.

Semiconductor Memory Business Shrinking Fast

An earlier post outlined the general direction of the Objective Analysis 2019 forecast but didn't provide any numbers.  In this post I explain the 5%+ decrease in revenues that the market will experience and how and why various elements play into that number.

An earlier post outlined the general direction of the Objective Analysis 2019 forecast but didn't provide any numbers.  In this post I explain the 5%+ decrease in revenues that the market will experience and how and why various elements play into that number.

This is the time of year that Objective Analysis releases its semiconductor forecast.  This post is based upon a video posted on the WeSRCH website that explains the Objective Analysis 2019 semiconductor forecast.Although accurate semiconductor forecasts are straightforward to produce, the consistently-accurate methodology spelled out in this Insight is rarely used.The forecast predicts that the downturn that the industry is currently entering will be longer than most, with profits eluding chip companies until 2022.

This is the time of year that Objective Analysis releases its semiconductor forecast.  This post is based upon a video posted on the WeSRCH website that explains the Objective Analysis 2019 semiconductor forecast.Although accurate semiconductor forecasts are straightforward to produce, the consistently-accurate methodology spelled out in this Insight is rarely used.The forecast predicts that the downturn that the industry is currently entering will be longer than most, with profits eluding chip companies until 2022.

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)

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

Semiconductor Memory Business Shrinking Fast

Earnings have been announced for Intel, Samsung, SK hynix, and Western Digital, and the memory business is clearly undermining all of these...

Jim Handy

2019 Semiconductors: 5%+ Decline

An earlier post outlined the general direction of the Objective Analysis 2019 forecast but didn't provide any numbers. In this post I explain the...

Jim Handy

Forecasting the Semiconductor Market

This is the time of year that Objective Analysis releases its semiconductor forecast. This post is based upon a video posted on the WeSRCH website...

Jim Handy

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