Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Sam who wrote (88040)	2/22/2022 9:59:25 AM
From: Return to Sender	2 Recommendations Recommended By Sam Sr K Read Replies (1) \| Respond to of 95520

Chipmaker AMD's stock gets top rating from Bernstein after 10 years finance.yahoo.com By Siddarth S (Reuters) - A Wall Street analyst upgraded Advanced Micro Devices to a buy rating after 10 years on Tuesday, highlighting its growing market share, a strong portfolio of computer chips to rival that of Intel and a relatively cheap stock price. "This is not the AMD of a decade ago," Bernstein Research analyst Stacy Rasgon said, lifting the brokerage's rating on the company to "outperform" — its highest stock rating — from "market-perform". AMD's market share for laptop central processing unit (CPU) chips had climbed to nearly 20% in the third quarter of 2021 from a low of under 5% six years ago, Bernstein said, citing data from Mercury Research and its own analysis.

To: Sam who wrote (88040)	5/18/2022 10:15:41 AM
From: Sam	2 Recommendations Recommended By oldbeachlvr Return to Sender Respond to of 95520

As Inflation Intensifies and Consumer Demand Weakens, Global DRAM Revenue Falls 4.0% QoQ in 1Q22, Says TrendForce Published May.18 2022,15:10 PM (GMT+8) According to TrendForce investigations, total DRAM revenue in 1Q22 decreased by 4.0% QoQ, reaching US$24.03 billion. The primary reason for this drop stems from market inflation, weakening demand, and the outbreak of the Russian-Ukrainian war at the end of February affecting the performance of terminal consumption. At the same time, client-end inventory levels continue to rise, so their primary goal has become digesting inventory. Due to sluggish overall sales momentum, the prices of various DRAM products fell, resulting in overall DRAM revenue in 1Q22 succumbing to decline. According to TrendForce, thanks to favorable demand in the PC and automotive market, the revenue of Micron, one of the three major DRAM manufacturers, rose slightly by 2.4%. But Samsung and SK Hynix revenue fell by 1.1% and 11.8% respectively. In total, these two South Korean manufacturers account for a market share of 70.8%, remaining firmly in the top two. Affected by falling contract pricing, the operating profit ratios of these three companies were revised downward, with Samsung, SK Hynix, and Micron dropping to 48%, 39%, and 40.1% respectively. Looking forward to subsequent developments, as DRAM continues to move to advanced processes, cost is expected to be further optimized. If negative market factors no longer accumulate, profits for these companies are expected to improve further. In terms of production capacity planning, Samsung's 2022 goal remains focused on capacity expansion. DRAM wafer starts at its new P3L fab is expected in mid-2023 at the earliest and, in terms of products, the company will continue pushing towards DDR5. In the second half of this year, the DDR5 proportion of production dedicated to PCs and Servers is expected to increase. SK Hynix's M16 fab in Korea and Wuxi fab in China have also exhibited a slight increase in wafer starts. However, since the migration of M14 to logic products caused a drop in DRAM wafer starts, total wafer starts only increased slightly. In terms of technology, SK Hynix has already allocated a small amount wafer starts in the 1alpha nm process and expects to achieve a certain economy of scale by the end of the year. Micron has no expansion in overall wafer starts this year, and capacity contribution from its A3 fab in Taiwan will likely fall in 2024 at the earliest. Micron also introduced the 1alpha nm process in the second half of 2021 and wafer starts for the 1beta nm process is possible in the first half of 2023, the fastest progress among the big three DRAM manufacturers. In terms of Taiwanese manufacturers, Nanya is still focusing on the production of Consumer DRAM but, with PC DRAM prices on the decline, overall revenue decreased by 7.4%. Mass production is expected for the 1Anm process by the end of the year but expansion of overall scale will depend on the completion of the company’s new Fab5A in 2025. PSMC’s revenue calculation primarily references standard DRAM products produced in-house and does not include its DRAM foundry business. Revenue in 1Q22 fell by approximately 23%, mainly due to a decrease in the demand for PSMC's own products from major clients. However, if foundry revenue is included, revenue will grow by 3%, bucking trends. Winbond's revenue declined slightly by 4.6%, due to its product mix. Part of its production capacity was migrated to NOR Flash memory, resulting in a recent decrease in DRAM wafer starts. However, since equipment installation will begin at the company’s Kaohsiung Lujhu fab this year, new production capacity is expected to become available gradually in the second half of this year.