2020 has been a NAND growth year-2021 will be the year of DRAM. While foundry logic has gotten all the credit in 2020 the reality is that NAND has been up 2X in 2020 for semiconductor equipment provider Applied Materials (AMAT). It is expected that NAND will be flat in 2021 while DRAM will take over the growth slot with foundry/logic … Read More
Author: Robert Maire
2021 will be the year of DRAM!
Post Election Fallout-Let the Chips Fall / Rise Where They May
- Changing US administration likely positive for chips & tech
- Stepping back from the brink of a potential ugly trade war
- Likely increased Covid/tech spend- War with Big Tech is over
- Tech & Chips had a lot riding on the elections outcome
As compared to previous presidential elections, this one likely has much more impact on… Read More
Downplaying SMIC – Uplaying TSMC
- KLAC sports solid QTR & Guide- Foundry & Logic drivers
- Management remains dismissive of SMIC embargo
- Execution & financials are solid but macro headwinds remain
- Nice September Quarter
KLA reported revenue of $1.54B and Non GAAP EPS of $3.03 versus street expectations of $1.49B and EPS of $2.77. Guidance is for revenues… Read More
Coronavirus Remains Good for Semiconductors but not China
- LCRX puts up a solid QTR and slightly soft guidance
- China Concerns weigh on future but COVID remains driver
- Memory spend could be better & help offset China
Solid September Quarter
Lam reported Non GAAP EPS of $5.67 versus $5.19 street and Revenues of $3.18B which was $70M better than street expectations. Lam obviously does … Read More
Is Intel Losing its Memory?
- It’s reported that Intel is selling its NAND ops to SK Hynix
- Would likely get Intel out of a tough & distracting market
- Is Intel abandoning China? Like Intel’s sale of XPoint to Micron
Getting out of NAND makes sense
The memory market is very tough, competitive and worst of all, very cyclical. Unless you have an iron… Read More
ASML is Strong Because TSMC is Hot!
- ASML has strong quarter lead by great Taiwan and EUV
- EUV “crossed over” DUV as revenue leader- signaling new era
- Taiwan doubles, China grows, Korea weaker, US further behind
ASML hits great numbers
ASML reported revenues of Euro 4B, with income of Euro 2.54EPS, both beating estimates handily. Ten EUV systems were … Read More
SMIC Cut off by US Government is Doomsday Scenario for US Chip Equipment Companies
SMIC Cut Off = Worst case scenario
SMIC is on US gov “no fly” list for US Equipment Companies
Will likely lead to loss of all of China- 25% to 50% of revenues
Retaliation by China will worsen situation
SMIC cut off from US technology (Chip Equip)
It has been reported in the Wall St Journal and many news outlets that the US government… Read More
Could loss of SMIC lead to loss of most of China?
Is the US finally getting truly tough on China? or just a bluff?
Could lead to a global reset of the industry & 10 year retreat?
Tech stocks wings have melted after super heated stock run?
SMIC added to the “naughty” list?
There have been numerous reports that the US is considering adding SMIC to the China “naughty”… Read More
AMAT- Solid QTR & Great Guide- Share gains- Memory?
Higher Foundry/logic exposure helps-
Little or no Covid or China trade impact-
Nice quarter but even better guide-
Applied reported revenues of $4.4B and NonGAAP EPS of $1.06, nicely above street estimates of $4.2B and $0.95 in EPS. Guidance is for revenues $4.6B +-$200M and EPS of $1.17+- $0.06, versus current expectations of… Read More
KLAC Solid QTR and Guide With No China Worries
KLA reports excellent June & Better Sept Guide-
Orbotech Diversification Helps provide growth-
Mix is perfect-China working fine-
Foundry is solid-
Solid execution and Financials
KLAC reported $1.46B in revenues and $2.73 Non GAAP with gross margins of 60.3%. That is versus expectations of $1.42B and EPS of $2.41…a… Read More
Unlocking the cloud: A new era for post-tapeout flow for semiconductor manufacturing