Technology / Semiconductor / Internet Research

Nicolas Baratte

Nicolas Baratte has been a financial analyst since 2000, covering the Semiconductor sector and Global Technology. Nicolas has worked on the sell-side for JPMorgan, CLSA. On the buy-side for a Tiger fund and Prudential. Nicolas has covered semiconductors, Asian hardware and components, and the Global Tech supply chain. Nicolas lives mostly in Taiwan, sometimes in France and is in New York regularly.

SK Hynix, Micron HBM4 Qualification by Nvidia Is Done. Samsung Still Failing to Qualify with Nvidia

Asia Strategy: Our Model Portfolio Outperformed. Focus Themes Intact; No Changes for Now

HBM Should Be as Attractive an Investment as Nvidia or TSMC but the Stocks Don’t Show That

SK Hynix: Record-High Profits, the Stock Gets Cheaper.

SK Hynix Will Derive ~50% of Revenues from AI in 2025. Why Is the Stock Trading at 6x 2025 EPS?

Equity Bottom-Up

<ul>
<li>Samsung 3nm yields improving (50-60%) but still far behind TSMC (85-90%)</li>
<li>SK Hynix is finalizing HBM4 agreements with Nvidia, Samsung is still not qualified for HBM3e.</li>
<li>Huawei into semiconductor chemicals? The vulnerability is photo-resist, but that's very hard to do </li>
</ul>


Samsung 3nm yields improving (50-60%) but still far behind TSMC (85-90%)
SK Hynix is finalizing HBM4 agreements with Nvidia, Samsung is still not qualified for HBM3e.
Huawei into semiconductor chemicals? The vulnerability is photo-resist, but that's very hard to do 


TSMC (Taiwan Semiconductor Manufacturing) (2330 TT)

TSMC (Taiwan Semiconductor Manufacturing)

Samsung Still in the Woods, SK Hynix Still Ahead. China Semi News (Huawei)