Opening a new front in multi faceted trade war

Opening a new front in multi faceted trade war
by Robert Maire on 05-30-2019 at 5:00 am

We had warned in our May 10th note about the rare earth element risk.  It is one of the few remaining leverage points that China has left that has a potentially strong impact on the US much similar to the US’s impact on Huawei and perhaps even worse. Cutting the US off from rare earth elements is clearly worse than cutting Huawei
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Chips are the bleeding edge of China trade war Recovery

Chips are the bleeding edge of China trade war Recovery
by Robert Maire on 05-17-2019 at 7:00 am

Last week we warned of a further down leg due to China trade. We were surprised how quickly our prediction came true as it appears we are now in the midst of giving back all the upside built in to stocks based on a peaceful resolution of the trade conflict which obviously isn’t happening.

Many of the semi stocks we cover were down… Read More


CAPEX Cuts and Microns Memory Markdown

CAPEX Cuts and Microns Memory Markdown
by Robert Maire on 12-21-2018 at 7:00 am

For those who have been paying any attention to the semiconductor industry its no surprise that memory demand and therefore pricing is down from its peak earlier in the year. Its not getting better any time fast.

After several strong years of demand and pricing, which was followed by enormous CAPEX spending we are seeing the standard… Read More


Restoring Digital Trust – Can China Lead the Way?

Restoring Digital Trust – Can China Lead the Way?
by Bill Montgomery on 11-07-2018 at 12:00 pm


I read with interest the US Chamber of Commerce’s assessment of the Made in China (MIC) 2025 plan to transform the world’s most populous nation into an Advanced Manufacturing leader. MIC 2025 covers 10 strategic industries that China identifies as critical to economic growth in the 21[SUP]st[/SUP] century, including next-gen… Read More


Are memory makers colluding against China?

Are memory makers colluding against China?
by Robert Maire on 06-07-2018 at 12:00 pm

Maybe OMEC is the new OPEC? A bargaining chip in June trade show down?

China has started an apparent investigation into pricing of DRAM memory with Samsung, Micron and SK Hynix as targets. We find this somewhat coincidental given the current trade issues. Memory pricing has been unusually strong for a very long time. Much longer … Read More


China Semiconductor Equipment China Sales at Risk

China Semiconductor Equipment China Sales at Risk
by Robert Maire on 05-27-2018 at 7:00 am

We have been on a roller coaster ride of on again off again trade talk between China and the US. It is unclear where we are on a day by day basis but of late it appears that we are not seeing a lot of progress and some progress we thought we had made may not have actually happened.… Read More


China is right: The world doesn’t need Silicon Valley

China is right: The world doesn’t need Silicon Valley
by Vivek Wadhwa on 12-25-2017 at 7:00 am

Ever since the Chinese Government banned Facebook in 2009, Mark Zuckerberg has been making annual trips there attempting to persuade its leaders to let his company back in. He learned Mandarin and jogged through the smog-filled streets of Beijing to show how much he loved the country. Facebook even created new tools to allow China… Read More


What does the Lattice rejection mean for chip M&A?

What does the Lattice rejection mean for chip M&A?
by Robert Maire on 09-18-2017 at 12:00 pm

Although the rejection of the Lattice deal was expected, it none the less has an impact on a number of dynamics in the chip industry and further M&A and consolidation. Freezing out China removes a “catalyst” in the market which help bid up values and add fear to both potential targets or those left out. Cross border… Read More


Could China Take the Lead in Installed 300mm Capacity?

Could China Take the Lead in Installed 300mm Capacity?
by Scotten Jones on 02-17-2017 at 12:00 pm

China buys more than half of the semiconductors manufactured in the world and yet only produces less the 10% of their own demand. Recently there have been a lot of announcements out of China about large scale investments in semiconductor manufacturing. The Chinese government for example has announced plans to invest $161 billion… Read More


Intel Spreadtrum ARM SoCs

Intel Spreadtrum ARM SoCs
by Daniel Nenni on 12-27-2016 at 12:00 pm

In June of 2013 Edward Snowden copied and leaked classified information from the National Security Agency (NSA). His actions exposed numerous surveillance programs that many governments around the world reacted to, including China. In September of 2013 China Vice Premier Ma Kai declared semiconductors a key sector for the … Read More