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: strong demand for transceivers, EMLs & DSPs with EML shortages to ease in 2Q or 3Q (COHR, LITE, MRVL, AVGO) Jan 2025
Based on our primary research, COHR, LITE, MRVL & AVGO’s optical connectivity biz continue to see demand exceeding supply for their respective AI-related products, including EMLs, VCSELs and high-speed optical transceiver modules. The pricing for those products stayed firm in 4Q…
Handset Semi: soft 4Q iPhone sales, solid QCOM OCT & increasing competition for SWKS & QRVO Dec 2024
4Q global Android phone demand, especially for high-end phones, remains healthy. QCOM QCT might at least deliver C4Q YoY revenue growth in line with consensus despite soft iPhone sales, driven by solid high-end SoC sales & big high-end SoC price hikes. We remain cautious about SWKS and QRVO’s mobile business NT & LT, given increasing competition from Chinese RF players among Android OEMs including Samsung…
Server semi: China’s NVDA probe appears more symbolic than substantial action Dec 2024
Given short supply of domestic GPUs, NVDA’s lower revenue share from China compared to QCOM’s at the time and China’s AI ambition, it’s hard to imagine SAMR imposing a heavy fine on NVDA…
Server semi: NVDA stands to gain from export controls on HBMs and Huawei’s foundries Dec 2024
The latest round of export controls did not impose additional restrictions on NVDA’s GPUs for China. Instead, it targets China’s leading-edge semi development & AI server capabilities through the foundry & HBM ban. NVDA’s China-specific GPUs will likely attract more interest and sustain strong demand…
Server & Optical Semi (MRVL, AVGO, COHR, LITE) Nov 2024
AVGO & MRVL see very strong demand for merchant networking ASICs including switching chipsets, DCI & PCle solutions driven by AI networks, likely exceeding street expectation for their biz in those areas for the Oct quarter. MRVL’s custom ASIC biz is accelerating while AVGO’s is moderating in the near term…