KLAC- Great quarter and year – March Q is turning point of supply chain problem

KLAC- Great quarter and year – March Q is turning point of supply chain problem
by Robert Maire on 01-30-2022 at 10:00 am

KLAC Foundry Logic

-KLAC – great QTR & calendar year but supply chain impacted
-Management feels supply chain to improve after March Q
-Demand remains strong, driven by foundry/logic
-Process management is next best place in industry after litho

Great end to calendar year

KLA reported revenues of $2.53B with non GAAP EPS of $5.59 nicely… Read More


LRCX- Supply Chain Catches up with Lam- Gets worse before better- Demand solid

LRCX- Supply Chain Catches up with Lam- Gets worse before better- Demand solid
by Robert Maire on 01-30-2022 at 6:00 am

Lam Research

-Supply chain issues finally catch up to Lam- Ongoing issue
-Problem from one main supplier to spread to more
-Causes low December Quarter and soft guide for March
-Quarters could be lumpy due to differed & revenue push outs

Lam Stews over supply Chain Issues

It sucks when you have all the demand in the world but can’t build… Read More


LAM – Surfing the Spending Tsunami in Semiconductors – Trailing Edge Terrific

LAM – Surfing the Spending Tsunami in Semiconductors – Trailing Edge Terrific
by Robert Maire on 08-01-2021 at 6:00 am

Lam Research

-$80B + in WFE with strong back half in 2021
-Trailing edge strength adds to overall great demand
-Supply side headwinds require effort- Malaysia now open
-It just comes down to execution which Lam has done well

Nice beat and sandbagged guide
As Lam has done consistently for many quarters now, they beat numbers with Revenues of $4.15B… Read More


SMIC China Sanctions – Headwinds For Applied Materials And Lam Research

SMIC China Sanctions – Headwinds For Applied Materials And Lam Research
by Robert Castellano on 10-05-2020 at 6:00 am

Micron Technology and SMIC C1

On September 26 there were media reports that the U.S. Commerce Department has added China’s largest chipmaker, Semiconductor Manufacturing International Corporation (SMIC) , to its entity list, after it determined there an “unacceptable risk” that equipment SMIC received could be used for military purposes

U.S. firms would… Read More


China’s Position in the Global Semiconductor Value Chain

China’s Position in the Global Semiconductor Value Chain
by Bart van Hezewijk on 05-25-2020 at 6:00 am

China Semiconductor SemiWiki

In this third article about China’s role in the global semiconductor industry I analyse the current state of affairs of the Chinese semiconductor industry in different segments. In the previous articles, I looked at the possible effects of a US-China decoupling in the semiconductor industry and the impact of the Big Read More


LRCX Supply constrained by Covid Crisis

LRCX Supply constrained by Covid Crisis
by Robert Maire on 04-26-2020 at 8:00 am

LCRX Lam Research 2020 COVID

Lam Q1 revenue soft by roughly 15% due to supply side
Demand remains solid for Q2 but beyond that, dubious
No guide but Q2 could be => Q1 revenues
NAND solid, China big @ 32%, Foundry remains great

Lam reported a solid quarter but light on revenues…
It was no surprise that Lam reported revenues of $2.5B versus their original… Read More


Will the Q1 Haircut become Covid-19 Crew Cut in Q2?

Will the Q1 Haircut become Covid-19 Crew Cut in Q2?
by Robert Maire on 03-16-2020 at 5:00 am

Corvid 19 Crew Cut Semiwiki
  • Corona impact growing exponentially in chip food chain
  • YMTC in Wuhan may be “patient zero”
  • Q1 revenue haircuts may turn into Q2 crewcuts
  • Working from home really doesn’t work

When does a haircut become a crew cut in revenues?
All the major semiconductor equipment makers took a significant haircut to their Q1… Read More


Logic and Memory Make for a Recovery

Logic and Memory Make for a Recovery
by Robert Maire on 02-03-2020 at 6:00 am

Lam Research 2020
  • LAM- “Logic And Memory” make for a recovery-NAND (Samsung) & Logic (TSMC) + China
  • Great Q4 Results & Q1 guide as memory restarts
  • Logic strength continues-China is crucial to growth
  • 2019 better than expected- 2020 WFE up about 5-8%

Lam reports nice finish to 2019 and start of 2020
The company reported revenues… Read More


Comparing Applied Materials with Lam Research

Comparing Applied Materials with Lam Research
by Robert Castellano on 10-13-2019 at 8:00 am

Lam Research (NASDAQ:LRCX) will announce its quarterly earnings on October 23, 2019, and Applied Materials (NASDAQ:AMAT) the following month on November 14, 2019. Both companies make equipment used to manufacture semiconductor devices. While private and institutional investors often own both individual stocks, this article… Read More


The Disconnect Between Semiconductor and Semiconductor Equipment Revenues

The Disconnect Between Semiconductor and Semiconductor Equipment Revenues
by Robert Castellano on 11-27-2018 at 7:00 am

Historically, the semiconductor and semiconductor equipment industry were inextricably linked due to the cyclical nature of the chip industry. An increase in semiconductor revenues was followed within a short period with an increase in equipment revenues, as semiconductor companies purchased equipment to make more chips… Read More