Archive - SemiAnalysis

GlobalFoundries Stuffing Customers With High Inventory – Underweight $GFS

We are bearish on GlobalFoundries.

Aug 12, 2022 • Dylan Patel

Intel Should Raise Capital

Intel's woes are behind them. The heavy spending is ahead of them. Why an equity issuance in a hot equity market could make Intel so much better sooner.

Jun 11 • Doug, Sravan Kundojjala, and Dylan Patel

A Century of Moore’s Law

Nova metrology and inspection

Feb 4, 2023 • Douglas Herz

Nvidia’s Backstop Universe – Heads I Win, Tails Who Loses?

The $11T AI Buildout, Nvidia’s Backstop Economics, and the Limits of Nvidia’s Balance Sheet

Sep 11 • Daniel Nishball, Oliver Kennon, and Terence Ong

Anthropic 3Q26 Profit Over $1B: The Anthropic IPO Financials Sneak Peak

Anthropic’s Opportunity is Theirs to Lose

Jul 8 • Joey Brookhart, Crystal Huang, and Dylan Patel

Is Intel Back? Foundry & Product Resurgence Measured

Foundry Cost Wall, Whale Customers, Datacenter Share, The Money Problem

Apr 2, 2024 • Dylan Patel, Myron Xie, Daniel Nishball, Jeremie Eliahou Ontiveros, and Jeff Koch

AI Neocloud Playbook and Anatomy

H100 Rental Price Cuts, AI Neocloud Giants and Emerging Neoclouds, H100 Cluster Bill of Materials and Cluster Deployment, Day to Day Operations, Cost…

Oct 3, 2024 • Dylan Patel and Daniel Nishball

Inside the 800VDC Revolution – Part 1

Four-Phase 800VDC Transition, Power Rack Economics, SST, Equipment Content/MW Build, Supplier Implications

May 26 • Nicolas Bontigui, Jeremie Eliahou Ontiveros, Konrad Wang, Aran Industries, Derek Yin, and Dylan Patel

Samsung Backstabs The DRAM Cartel – Capital Expenditure Cuts, 130 Manufacturing Projects, 60 Companies Report

Samsung swims against the tide as the industry cuts capital expenditures and delays manufacturing ramps

Dec 8, 2022 • Dylan Patel and Afzal Ahmad

TSMC Says They Will Sidestep The Recession – 2023 Outlook, Q4 2022 Earnings

Soaring wafer pricing, capital intensity, Capex breakdown, revenue estimate, and hyperscale silicon

Jan 12, 2023 • Dylan Patel

OpenAI Is Doomed? - Et tu, Microsoft?

Meta, Google, Anthropic, DeepSeek, Inflection Phi Wizard, Distribution/Integration vs Capital/Compute?

May 7, 2024 • Dylan Patel and Daniel Nishball

I, Semiconductor – The Regionalization Of Semiconductors Due To Global Supply Chain Instability

Western fabs and semiconductor capital equipment spending to go bonkers

Feb 25, 2022 • Dylan Patel

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