Research on the economics and competitive structure of semiconductors, including memory, logic, foundry, advanced packaging and semiconductor manufacturing. The analysis emphasizes capacity, qualification, product transitions, capital intensity and the factors that determine commercially usable supply.
CXMT’s IPO Changes the DRAM Map—But Not the AI Memory Hierarchy Yet
CXMT’s listing gives China’s largest DRAM maker far more capital to expand. Its near-term impact, however, will be felt more in China’s…
Samsung Electronics: How Durable Is the Earnings Surge?
Samsung Electronics has moved from an earnings recovery into a period of record profitability, driven overwhelmingly by memory. The more important question…
SK Hynix’s 2Q26 Earnings: Record Margins, but the Memory Supply Gap Has Not Closed
SK hynix’s second-quarter results reflect more than another strong quarter for high-bandwidth memory. Pricing power has expanded into server DRAM and enterprise…