Westlake International has provided timely insights into key drivers affecting the semiconductor and Asian technology supply chains, as well as Chinese sectors and companies, since its founding in 2008. We continue to provide our clients with a wide array of primary research, including limited distribution semiconductor and China Internet research reports, custom research/survey and field check services across a wide variety of verticals and specialties.
With a fundamental research approach, our primary research uncovers industry dynamics and reaches investment conclusions by utilizing our survey data, various 3rd-party data and expert feedback. These research and services seamlessly package:
- Selection of meticulously chosen technology and Internet industry professionals from both compliance and industry experience perspectives
- Constantly updated / legally compliant list of pertinent industry questions
- Consultations with survey participants to flesh out qualitative issues around meaningful trends
- Screen and applications of most relevant 3rd party data for investment themes and pressing issues of covered companies
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Our Latest Reports
Optical semi (COHR,LITE,MRVL,AVGO,TSEM): robust demand with critical component shortages still cap supply Jan 2026
Based on our primary research, COHR, LITE, MRVL & AVGO’s optical connectivity biz continue to see robust demand for their respective AI-related products, including EMLs, CW lasers and high-speed optical transceivers. TSEM, as the go-to SiPho foundry supporting top transceiver makers, is uniquely positioned to capture upside from rapidly growing SiPho demand.
Optical semi (COHR, LITE): slower Chinese export permit approvals impacting InP substrate & faraday rotator supply Jan 2026
While we see a low probability of disruptions, we view a broad-based global InP substrate shortage as unlikely. Meanwhile, COHR, as the largest faraday rotator supplier, is better positioned than peers under sustained rotator tightness, potentially gaining optical transceiver market share.
Handset semi: 4Q high-end outperformed, benefiting QCOM QCT, QRVO & SWKS, despite flat 4Q global phone sales Jan 2026
Based on the feedback from 12 handset OEM experts, premium phones outperformed in a stagnant market in 4Q, with iPhone sales particularly a bright spot. QCOM QCT can at least deliver C4Q YoY revenue growth in line with the 5% consensus.
Server semi: NVDA likely to beat F3Q26 & F4Q26 expectations; bigger beat likely in F4Q guidance Nov 2025
We see NVDA Data Center revenue for F3Q26 and F4Q26 is ahead of Street estimates, with F4Q26 likely to deliver a meaningfully larger beat, driven by a robust GB200 ramp, higher-than-anticipated initial GB300 output, and continued networking momentum.
Server Semi (NVDA, AMD): China’s GPU/ASIC Development & 2H GPU Procurement Trends Oct 2025
NVDA GPUs (AMD’s to a less degree) remain the preferred options for training in China for the foreseeable future, assuming export restrictions are relaxed, while domestic GPUs have stepped in to meet 2H inference demand unmet by NVDA & AMD.