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AMAT- Flat is better than down-Trailing tool strength offsets memory- backlog up

AMAT- Flat is better than down-Trailing tool strength offsets memory- backlog up
by Robert Maire on 02-20-2023 at 10:00 am

AMAT CVD 3

-Strength in trailing tools offsets weak memory resulting in flat
-Order book very volatile but backlog surprisingly still grew
-Trailing edge VS Leading edge = 50/50 – Foundry/logic over 2/3
-Not nearly as bad as Lam but not as good as ASML

AMAT posts good quarter & guide – Flat for three quarters

Applied Materials… Read More


IEDM 2023 – 2D Materials – Intel and TSMC

IEDM 2023 – 2D Materials – Intel and TSMC
by Scotten Jones on 02-20-2023 at 6:00 am

Slide1

Intel and TSMC make up two of the three leading edge logic companies. At IEDM held in December 2022, Intel presented a paper on 2D Materials and TSMC presented 6 papers. Clearly 2D materials are of great interest at least to two of the three leading edge logic companies. Before diving into the papers, some background context is needed.… Read More


KLAC- Weak Guide-2023 will “drift down”-Not just memory weak, China & logic too

KLAC- Weak Guide-2023 will “drift down”-Not just memory weak, China & logic too
by Robert Maire on 02-06-2023 at 6:00 am

KLAC Tencor SemiWiki

-Business will “drift down” over the course of 2023
-Not just memory is weak- China issue, foundry/logic slowing
-March guide worse than expected (Like Lam)
-Backlog likely saw push outs & cancelations but still long

Good quarter but weak guide

Much as we saw with Lam, KLA reported a beat on the December quarter… Read More


Hynix historic loss confirms memory meltdown-getting worse – AMD a bright spot

Hynix historic loss confirms memory meltdown-getting worse – AMD a bright spot
by Robert Maire on 02-03-2023 at 8:00 am

Memory Meltdown

-Hynix reports worst downturn in 10yrs – Already in red ink
-If the #2 memory maker is already negative what does it say?
-Confirms our view of 2023 write off- maybe 2024 better?
-Micron Mangled? & Toshiba Toast?- Buyers advantage

Hynix posts record $1.4B loss- worst in 10 years

Not all that surprisingly Hynix reported… Read More


Samsung- full capex speed ahead, damn the downturn- Has Micron in its crosshairs

Samsung- full capex speed ahead, damn the downturn- Has Micron in its crosshairs
by Robert Maire on 02-02-2023 at 2:00 pm

Samsung Electronics

-Samsung said its not reducing its capex despite downturn
-A clear indication they want to take share/kill Micron & others
-Is the US government subsidizing predatory chip behavior?
-The last US memory chip maker is clearly threatened

Samsung announces worst results in 8 years

Samsung released its earnings which were the… Read More


Lam chops guidance, outlook, headcount- an ugly, long downturn- memory plunges

Lam chops guidance, outlook, headcount- an ugly, long downturn- memory plunges
by Robert Maire on 01-31-2023 at 2:00 pm

Lamb chops

-Lam Research chops guidance, outlook & headcount sharply
-Further declines as 2023 will be H1 weighted- No end in sight
-System sales cut by more than half as even service is cut
-Memory is the culprit as expected-Forcing business “reset”

A sad sounding conference call….

While Lam reported a good December,… Read More


ASML – Powering through weakness – Almost untouchable – Lead times exceed downturn

ASML – Powering through weakness – Almost untouchable – Lead times exceed downturn
by Robert Maire on 01-26-2023 at 10:00 am

Robert Maire Bloomberg

-Demand far exceeds supply & much longer than any downturn
-Full speed ahead-$40B in solid backlog provides great comfort
-ASP increase shows strength- China is non issue
-In a completely different league than other equipment makers

Reports a good beat & Guide

Revenues were Euro6.4B with system sales making up Euro4.7B… Read More


Samtec Dominates DesignCon (Again)

Samtec Dominates DesignCon (Again)
by Mike Gianfagna on 01-23-2023 at 6:00 am

Samtec Dominates DesignCon Again

Many technical shows have anchor tenants. Those are the companies that can be counted on to have a substantial booth presence, be active in the technical program and just pump life into the event at every turn. Samtec is that company for many shows around the world. And soon it will be time for them to work their magic at DesignCon in … Read More


IEDM 2022 – Imec 4 Track Cell

IEDM 2022 – Imec 4 Track Cell
by Scotten Jones on 01-18-2023 at 6:00 am

2022 IEDM Presentation Session23 2 VictorVega Page 03

At the IEDM conference in December 2022, Imec presented “Semi-damascene Integration of a 2-layer MOL VHV Scaling Booster to Enable 4-track Standard Cells,” I had a chance to not only read the paper and see it presented, but also to interview one of the authors Zsolt Tokie.

Logic designs are built up by standard cells such as inverters,… Read More


Where there’s Smoke there’s Fire: UCTT ICHR LRCX AMAT KLAC Memory

Where there’s Smoke there’s Fire: UCTT ICHR LRCX AMAT KLAC Memory
by Robert Maire on 01-16-2023 at 10:00 am

Stock Market on Fire

-UCTT & ICHR both pre announce ugly QTR & blame memory
-LRCX is the memory “poster child” & most impacted
-This is on top of China & Economic issues & memory specific
-Clearing out inventory is a sign of expected slow recovery

UCTT & ICHR pre-announce ugly quarters

Both UCTT & ICHR that … Read More