Behind the Balance SheetBehind the Balance SheetA Peek Behind the NumbersRhinoInsightRhinoInsightHeavy Moat InvestmentsHeavy Moat InvestmentsBeehiivFresh InvestFresh InvestBehind the Balance SheetBusiness BreakdownsBusiness BreakdownsAlessandro (Macro Strategist)Alessandro (Macro Strategist)41investments41investmentsAlphaSenseBase Hit InvestingChit Chat StocksChit Chat StocksBloomberg NewsCapital Employed FMCapital Employed FMAmibrokerBeyondSPXBizTocFoundersFoundersAlluvialAlluvialAtom FinanceAcquiredAcquiredThe Wolf of Harcourt StreetThe Wolf of Harcourt StreetAsian Century StocksAsian Century StocksBejaminAIEquity MatesEquity MatesBaFin - Managers' transactionsBenzingaFinPodFinPodCapital AllocatorsCapital AllocatorsBehind the Balance SheetBehind the Balance SheetA Peek Behind the NumbersRhinoInsightRhinoInsightHeavy Moat InvestmentsHeavy Moat InvestmentsBeehiivFresh InvestFresh InvestBehind the Balance SheetBusiness BreakdownsBusiness BreakdownsAlessandro (Macro Strategist)Alessandro (Macro Strategist)41investments41investmentsAlphaSenseBase Hit InvestingChit Chat StocksChit Chat StocksBloomberg NewsCapital Employed FMCapital Employed FMAmibrokerBeyondSPXBizTocFoundersFoundersAlluvialAlluvialAtom FinanceAcquiredAcquiredThe Wolf of Harcourt StreetThe Wolf of Harcourt StreetAsian Century StocksAsian Century StocksBejaminAIEquity MatesEquity MatesBaFin - Managers' transactionsBenzingaFinPodFinPodCapital AllocatorsCapital AllocatorsBehind the Balance SheetBehind the Balance SheetA Peek Behind the NumbersRhinoInsightRhinoInsightHeavy Moat InvestmentsHeavy Moat InvestmentsBeehiivFresh InvestFresh InvestBehind the Balance SheetBusiness BreakdownsBusiness BreakdownsAlessandro (Macro Strategist)Alessandro (Macro Strategist)41investments41investmentsAlphaSenseBase Hit InvestingChit Chat StocksChit Chat StocksBloomberg NewsCapital Employed FMCapital Employed FMAmibrokerBeyondSPXBizTocFoundersFoundersAlluvialAlluvialAtom FinanceAcquiredAcquiredThe Wolf of Harcourt StreetThe Wolf of Harcourt StreetAsian Century StocksAsian Century StocksBejaminAIEquity MatesEquity MatesBaFin - Managers' transactionsBenzingaFinPodFinPodCapital AllocatorsCapital Allocators

SemiAnalysis

Substack

Articles

139

Companies covered

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Sectors

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6

Research Articles

Ultra-High Interactivity on NVIDIA GPUs? - TileRT InferenceX

Aug 10, 2026

SpaceX 10GW in 2027 – Why It’s Real, Will Drive $300B ARR for SpaceX, and Why Microsoft Will Be the Largest Offtaker

Aug 7, 2026

Meta’s Infrastructure Team Needs A Culture Reset

Jul 22, 2026

The Future of Meta Superintelligence: A 1 Year Progress Update

Jul 9, 2026

Nvidia GPU Debt Backstop Unleashes the AI Project Trinity: Capital, Offtake and Datacenters

Jul 6, 2026

Meta Compute: Everyone Wants To Be A Neocloud

Jul 2, 2026

Is SMIC N+3’s Metal Pitch Smaller than Intel 18A’s?

Jun 14, 2026

Intel Should Raise Capital

Jun 11, 2026

EDA Market Primer - Market Dynamics, Cadence, Synopsys, Siemens, China EDA Rise

May 21, 2026

ISSCC 2026: NVIDIA & Broadcom CPO, HBM4 & LPDDR6, TSMC Active LSI, Logic-Based SRAM, UCIe-S and More

Apr 15, 2026

Dissecting Nvidia Blackwell - Tensor Cores, PTX Instructions, SASS, Floorsweep, Yield

Mar 31, 2026

Nvidia – The Inference Kingdom Expands

Mar 24, 2026

Vera Rubin – Extreme Co-Design: An Evolution from Grace Blackwell Oberon

Feb 25, 2026

InferenceX v2: NVIDIA Blackwell Vs AMD vs Hopper - Formerly InferenceMAX

Feb 16, 2026

Interconnects Beyond Copper, 1,000 CFETs, SK Hynix Next-Gen NAND, 2D Materials, and More

Jan 13, 2026

Apple-TSMC: The Partnership That Built Modern Semiconductors

Jan 8, 2026

TSMC Overseas Fabs – A Success?

Dec 1, 2025

Microsoft's AI Strategy Deconstructed - From Energy to Tokens

Nov 12, 2025

InferenceMAX™: Open Source Inference Benchmarking

Oct 9, 2025

Huawei Ascend Production Ramp: Die Banks, TSMC Continued Production, HBM is The Bottleneck

Sep 8, 2025

Amazon’s AI Resurgence: AWS & Anthropic's Multi-Gigawatt Trainium Expansion

Sep 3, 2025

Intel 18A Details & Cost, Future of DRAM 4F2 vs 3D, Backside Power Adoption (or Not), China's FlipFET, Digital Twins from Atoms to Fabs, and More

Jul 21, 2025

Meta Superintelligence - Leadership Compute, Talent, and Data

Jul 11, 2025

How Oracle Is Winning the AI Compute Market

Jun 30, 2025

NVIDIA Tensor Core Evolution: From Volta To Blackwell

Jun 23, 2025

The New AI Networks | Ultra Ethernet UEC | UALink vs Broadcom Scale Up Ethernet SUE

Jun 11, 2025

AMD vs NVIDIA Inference Benchmark: Who Wins? - Performance & Cost Per Million Tokens

May 23, 2025

Microsoft's Datacenter Freeze - 1.5GW Self-Build Slowdown & Lease Cancellation Misconceptions

Apr 28, 2025

AMD 2.0 - New Sense of Urgency | MI450X Chance to Beat Nvidia | Nvidia's New Moat

Apr 23, 2025

Huawei AI CloudMatrix 384 – China's Answer to Nvidia GB200 NVL72

Apr 16, 2025

NVIDIA GTC 2025 - Built For Reasoning, Vera Rubin, Kyber, CPO, Dynamo Inference, Jensen Math, Feynman

Mar 19, 2025

TSMC N2 + Next-Gen SoIC, Intel EMIB-T, Meta 3D Stacked Memory, CFET, 2D Materials, and More

Feb 5, 2025

OpenAI Stargate Joint Venture Demystified | Microsoft Sore Loser, Does Softbank Have The Capital?, Texas GigaCampus, Winners & Losers

Jan 23, 2025

2025 AI Diffusion Export Controls - Microsoft Regulatory Capture, Oracle Tears, Impacts Quantified, Model Restrictions

Jan 15, 2025

Nvidia's Christmas Present: GB300 & B300 - Reasoning Inference, Amazon, Memory, Supply Chain

Dec 25, 2024

Intel on the Brink of Death | Culture Rot, Product Focus Flawed, Foundry Must Survive

Dec 9, 2024

Amazon’s AI Self Sufficiency | Trainium2 Architecture & Networking

Dec 3, 2024

Multi-Datacenter Training: OpenAI's Ambitious Plan To Beat Google's Infrastructure

Sep 4, 2024

Nvidia's Blackwell Reworked - Shipment Delays & GB200A Reworked Platforms

Aug 4, 2024

OpenAI Chip Team Is Now Serious

Jun 3, 2024

Apple’s AI Strategy: Apple Datacenters, On-device, Cloud, And More

May 27, 2024

OpenAI Is Doomed? - Et tu, Microsoft?

May 7, 2024

Nvidia Blackwell Perf TCO Analysis - B100 vs B200 vs GB200NVL72

Apr 10, 2024

Is Intel Back? Foundry & Product Resurgence Measured

Apr 2, 2024

Nvidia’s Optical Boogeyman – NVL72, Infiniband Scale Out, 800G & 1.6T Ramp

Mar 25, 2024

Nvidia B100, B200, GB200 - COGS, Pricing, Margins, Ramp - Oberon, Umbriel, Miranda

Mar 18, 2024

ASML Dilemma: High-NA EUV is Worse vs Low-NA EUV Multi-Patterning

Dec 11, 2023

Microsoft Swallows OpenAI’s Core Team – GPU Capacity, Incentive Structure, Intellectual Property, OpenAI Rump State

Nov 20, 2023

Microsoft Infrastructure - AI & CPU Custom Silicon Maia 100, Athena, Cobalt 100

Nov 15, 2023

Nvidia's New China AI Chips Circumvent US Restrictions | H20 Faster Than H100 | Huawei Ascend 910B

Nov 9, 2023

Nvidia’s Plans To Crush Competition – B100, “X100”, H200, 224G SerDes, OCS, CPO, PCIe 7.0, HBM3E

Oct 10, 2023

Amazon Anthropic: Poison Pill or Empire Strikes Back

Oct 2, 2023

Nvidia Buys Illumina? The AI Foundry for Healthcare – The Hardware of Life

Sep 27, 2023

Broadcom’s Google TPU Revenue Explosion, Networking Boom, VMWare Integration

Aug 30, 2023

Google Gemini Eats The World – Gemini Smashes GPT-4 By 5X, The GPU-Poors

Aug 28, 2023

Nvidia's Optical Ascent: >$1B Revenue; The Missing 800G Ramp; AI Head-Fakes

Aug 23, 2023

Nvidia’s Ramp – Volume, ASP, Cloud Pricing, Margins, EPS, Cashflow, China, Competition

Aug 20, 2023

Energizing AI: Power Delivery Competition Heats Up Vicor, MPS, Delta, ADI, Renesas, Infineon

Aug 1, 2023

NAND Flash Monopoly Broken? Tokyo Electron Moly Dep + Cryo Etch Takes On Lam Research For The Future Of NAND

Jul 16, 2023

Tesla AI Capacity Expansion – H100, Dojo D1, D2, HW 4.0, X.AI, Cloud Service Provider

Jun 27, 2023

Rebuilding Intel – Foundry vs IDM Decades of Inefficiencies Unraveled

Jun 22, 2023

Zen 4c: AMD’s Response to Hyperscale ARM & Intel Atom

Jun 5, 2023

Nvidia’s InfiniBand Problem - Spectrum-X AI Fabric, Tomahawk-5, Jericho-3AI, Quantum-2

May 28, 2023

Meta Custom Silicon: What's Old Is New

May 19, 2023

Meta’s Bizarre AI Infrastructure Choice Costs Them $100s of Millions

May 6, 2023

Google "We Have No Moat, And Neither Does OpenAI"

May 4, 2023

Intel Emerald Rapids Backtracks on Chiplets – Design, Performance & Cost

May 3, 2023

TSMC’s Heroic Assumption – Low Utilization Rates, Fab Cancellation, 3nm Volumes, Automotive Weakness, AI Advanced Packaging Demands, 2024 Capex Weakness

Apr 20, 2023

Google AI Infrastructure Supremacy: Systems Matter More Than Microarchitecture

Apr 12, 2023

Amazon’s Cloud Crisis: How AWS Will Lose The Future Of Computing

Mar 20, 2023

Google OCS Apollo: The >$3 Billion Game-Changer in Datacenter Networking

Mar 17, 2023

EUV Requirements Halved? Applied Materials' Sculpta Redefines Lithography And Patterning Market

Mar 6, 2023

Intel Cuts Pay For Employees To Keep Their Quarterly Dividend

Feb 1, 2023

The Gaps In The New China Lithography Restrictions – ASML, SMEE, Nikon, Canon, EUV, DUV, ArFi, ArF Dry, KrF, and Photoresist

Jan 29, 2023

How Nvidia’s CUDA Monopoly In Machine Learning Is Breaking - OpenAI Triton And PyTorch 2.0

Jan 16, 2023

Intel Roadmap and PC TAM Update – Tone Deaf, Out Of Touch, Living In a Fantasy World, or Disconnected From Reality?

Jan 13, 2023

TSMC Says They Will Sidestep The Recession – 2023 Outlook, Q4 2022 Earnings

Jan 12, 2023

Ventana RISC-V CPUs Beating Next Generation Intel Sapphire Rapids! – Overview of 13 RISC-V Companies, CPUs, and Ecosystem

Dec 26, 2022

TSMC’s 3nm Conundrum, Does It Even Make Sense? – N3 & N3E Process Technology & Cost Detailed

Dec 21, 2022

GPT Model Training Competition Heats Up - Nvidia Has A Legitimate Challenger

Dec 1, 2022

ASML & The Semiconductor Market In 2025 & 2030

Nov 22, 2022

Arm’s Nuclear Option – Qualcomm Must Cancel Next-Generation Products If Arm Succeeds

Nov 16, 2022

Caliptra – First Open-Source Silicon Going Into All Datacenter Chips

Oct 25, 2022

2023 Datacenter Outlook – AMD and Intel Revenue, ASP, and Units – Genoa Ramp Details

Oct 17, 2022

Is Arm Desperate? Qualcomm Claps Back At Arm’s Potentially Frivolous Lawsuit

Oct 9, 2022

Amazon Web Services Infrastructure Inefficiencies Cause Cuts To Twitch Driving Creators To Google’s YouTube

Oct 5, 2022

Ada Lovelace GPUs Shows How Desperate Nvidia Is - AMD RDNA 3 Cost Comparison

Sep 23, 2022

SiFive Powers Google TPU, NASA, Tenstorrent, Renesas, Microchip, And More

Sep 16, 2022

Meta Discusses AI Hardware and Co-packaged Optics

Sep 15, 2022

Meet NETINT: The Startup Selling Datacenter VPUs To ByteDance, Baidu, Tencent, Alibaba, And More

Aug 4, 2022

Intel Cuts Fab Buildout by $4B To Pay Billions In Dividends

Jul 29, 2022

Lam Research Is Outsourcing More Than 1/3 Of Their Manufacturing To Malaysia

Jul 18, 2022

ACM Research, China’s Most Successful Semiconductor Capital Equipment Provider, Wins At SK Hynix and Intel

Jul 18, 2022

CXL Enables Microsoft Azure To Cut Server Capital Expenditures By Hundreds Of Millions Of Dollars

Jul 7, 2022

Nvidia In The Hot Seat?

Jun 29, 2022

Qualcomm RFFE Update – $8B By 2025, 2023 iPhone Modem, WiFi 7 and Filter Socket Competition With Broadcom, $3B Automotive RF TAM

Jun 27, 2022

Apple M2 Die Shot and Architecture Analysis – Big Cost Increase And A15 Based IP

Jun 10, 2022

Meteor Lake Die Shot and Architecture Analysis – Why Is Intel 4 Only A 40% Area Reduction Versus Intel 7?

May 26, 2022

Turning The Titanic – How Intel Is Using Software Acquisitions And Increased Accountability To Attempt To Save The Sinking Ship

May 18, 2022

Ayar Labs | Co-packaged Optics Revolution | The Most Promising Hardware Startup With Wins At HPE And Nvidia?

Apr 30, 2022

Nvidia Ada Lovelace Leaked Specifications, Die Sizes, Architecture, Cost, And Performance Analysis

Apr 16, 2022

How Nvidia’s Empire Could Be Eroded - Intel Network And Edge Has The Playbook

Apr 6, 2022

Short Report: Nvidia Supplier Cut Out Of Next Generation Hopper GPUs - Nvidia Represents Up To 55% of Revenue

Mar 23, 2022

As Moore’s Law Slows, Apple Is Forced To Use Cheaper Chipsets In Non-Pro iPhones

Mar 14, 2022

Nvidia Hacked - A National Security Disaster

Mar 2, 2022

Intel Is Throwing The Kitchen Sink, But Is The Turn Around Plan Reasonable?

Feb 18, 2022

Is Intel Shipping Tools Out Of US Fabs So They Can Abuse CHIPS Act Subsidies?

Jan 30, 2022

Advanced Packaging Part 3 – Intel’s Curious Bet on Thermocompression Bonding, ASM Pacific, Kulicke and Soffa, and Besi TCB Tool Landscape

Jan 19, 2022

TSMC Throws Down a $40B-$44B Gauntlet, Far Surpassing Intel And Samsung

Jan 13, 2022

Advanced Packaging Part 2 - Review Of Options/Use From Intel, TSMC, Samsung, AMD, ASE, Sony, Micron, SKHynix, YMTC, Tesla, and Nvidia

Jan 6, 2022

TSMC Wants To Make Intel Dependent On External Manufacturing - Wafer Supply Agreement Insights For AMD, Apple, Broadcom, Intel, MediaTek, Nvidia, and Qualcomm

Dec 23, 2021

TSMC Wants To Make Intel Dependent On External Manufacturing - Wafer Supply Agreement Insights For AMD, Apple, Broadcom, Intel, MediaTek, Nvidia, and Qualcomm

Dec 22, 2021

Amazon Graviton 3 Uses Chiplets & Advanced Packaging To Commoditize High Performance CPUs | The First PCIe 5.0 And DDR5 Server CPU

Dec 2, 2021

Lam Research, Tokyo Electron, JSR Battle It Out In The $5B+ EUV Photoresist, Coater, and Developer Market - CAR vs MOR vs Dry Resist

Nov 18, 2021

Intel Betting The Farm – Shrinking Business, Margins Down For Few Years, But Aggressively Investing $40B-$43B A Year And More With Subsidies

Oct 22, 2021

Qualcomm RFFE Business Continues Relentless Pace With ultraBAW Filters | >$8B Segment By 2025

Oct 20, 2021

TSMC 3nm Wafer Shipments Pushed Into Q1 2023, 2.5 Years After N5 | TSMC 2nm, Samsung 2nm, And Intel 20A Battle It Out In 2025

Oct 14, 2021

ASML’s EUV Tools Have A Throughput Problem, But Lyncean Has The Answer By Scaling EUV Light Source Power An Order Of Magnitude

Oct 13, 2021

Apple A15 Die Shot and Annotation - IP Block Area Analysis

Oct 1, 2021

Memory Oligopoly Woes - Micron Says They Will Not Increase Wafer Output In DRAM Or NAND For The Foreseeable Future

Sep 29, 2021

Apple CPU Gains Grind To A Halt And The Future Looks Dim As The Impact From The CPU Engineer Exodus To Nuvia And Rivos Starts To Bleed In

Sep 14, 2021

Rivos Inc | A Chip Off The Old Block? New RISC-V Startup Garners Many Senior CPU Architects From Apple, Google, Marvell, Qualcomm, Intel, and AMD

Aug 30, 2021

A Chip Off The Old Block? New RISC-V Startup Garners Many Senior CPU Architects From Apple, Google, Marvell, Qualcomm, Intel, and AMD

Aug 28, 2021

The Tesla Dojo Chip Is Impressive, But There Are Some Major Technical Issues

Aug 25, 2021

Tesla Dojo - Unique Packaging and Chip Design Allow An Order Magnitude Advantage Over Competing AI Hardware

Aug 20, 2021

Tesla AI Day Supercomputer Chip Teaser | Is This The First Deployment Of TSMC InFO_SoW?

Aug 4, 2021

Intel Grossly Exaggerates Foundry “Wins” With Qualcomm And Amazon, There Are No Deals For Manufacturing Chips

Jul 29, 2021

MediaTek Officially Enters The Flagship Mobile Race With The First TSMC 4nm SOC

Jul 28, 2021

Nvidia’s 2021 Bubble, Eerily Similar To Other Bubbles That Came Before

Jul 6, 2021

Micron Sells 3D X-Point Lehi, Utah Fab to Texas Instruments For $1.5B

Jun 30, 2021

Qualcomm MWC 2021 - Network Infrastructure And Edge 5G Get Supercharged | FSM200, DU X100 Accelerator, And Range Of Features

Jun 29, 2021

Tenstorrent Wormhole Analysis - A Scale Out Architecture for Machine Learning That Could Put Nvidia On Their Back Foot

Jun 25, 2021

Morgan Stanley Just Reduced TSMC’s Value By $25B While Demonstrating A Complete Lack of Semiconductor Knowledge

Jun 23, 2021

Qualcomm Hits a Homerun AI 100 - Powerful AI Inference Acceleration For the Edge

Jun 17, 2021

Intel’s Trojan Horse into the Foundry Business | Co-packaged Silicon Photonics is Intel’s Path Forward for IDM 2.0

Jun 11, 2021

Google New Custom Silicon Replaces 10 Million Intel CPUs | Google Argos VPU

Jun 2, 2021

Nvidia is Raking in the Money, but are Earnings Inflated?

May 27, 2021

Apple’s A14 Packs 134 Million Transistors/mm², but Falls Short of TSMC’s Density Claims

Oct 27, 2020

Qualcomm Lost the iPhone 12 mmWave Antenna Module Contract to a Chinese Company

Oct 25, 2020

Bloomberg TerminalChit Chat StocksChit Chat StocksHeavy Moat InvestmentsHeavy Moat InvestmentsAlluvialAlluvialBamSECAsian Century StocksAsian Century StocksForward GuidanceForward GuidanceBeehiivBejaminAIAlphaSenseEquity MatesEquity MatesCapital CyclistsCapital CyclistsBase Hit InvestingBusiness BreakdownsBusiness BreakdownsAmibrokerFoundersFoundersRhinoInsightRhinoInsightBloomberg NewsBehind the Balance SheetBehind the Balance SheetAlessandro (Macro Strategist)Alessandro (Macro Strategist)AcquiredAcquiredBizTocCapital AllocatorsCapital AllocatorsBaFin - Managers' transactionsFresh InvestFresh InvestBenzingaCapital Employed FMCapital Employed FMAtom FinanceThe Wolf of Harcourt StreetThe Wolf of Harcourt StreetCompound & FireBloomberg TerminalChit Chat StocksChit Chat StocksHeavy Moat InvestmentsHeavy Moat InvestmentsAlluvialAlluvialBamSECAsian Century StocksAsian Century StocksForward GuidanceForward GuidanceBeehiivBejaminAIAlphaSenseEquity MatesEquity MatesCapital CyclistsCapital CyclistsBase Hit InvestingBusiness BreakdownsBusiness BreakdownsAmibrokerFoundersFoundersRhinoInsightRhinoInsightBloomberg NewsBehind the Balance SheetBehind the Balance SheetAlessandro (Macro Strategist)Alessandro (Macro Strategist)AcquiredAcquiredBizTocCapital AllocatorsCapital AllocatorsBaFin - Managers' transactionsFresh InvestFresh InvestBenzingaCapital Employed FMCapital Employed FMAtom FinanceThe Wolf of Harcourt StreetThe Wolf of Harcourt StreetCompound & FireBloomberg TerminalChit Chat StocksChit Chat StocksHeavy Moat InvestmentsHeavy Moat InvestmentsAlluvialAlluvialBamSECAsian Century StocksAsian Century StocksForward GuidanceForward GuidanceBeehiivBejaminAIAlphaSenseEquity MatesEquity MatesCapital CyclistsCapital CyclistsBase Hit InvestingBusiness BreakdownsBusiness BreakdownsAmibrokerFoundersFoundersRhinoInsightRhinoInsightBloomberg NewsBehind the Balance SheetBehind the Balance SheetAlessandro (Macro Strategist)Alessandro (Macro Strategist)AcquiredAcquiredBizTocCapital AllocatorsCapital AllocatorsBaFin - Managers' transactionsFresh InvestFresh InvestBenzingaCapital Employed FMCapital Employed FMAtom FinanceThe Wolf of Harcourt StreetThe Wolf of Harcourt StreetCompound & Fire