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
Interested in becoming a client?
Our Latest Reports
Server semi: NVDA F3Q27 & F4Q27 DC Rev tracking above Street with strong beat potential Nov 2026
We see NVDA’s DC revenue for F3Q27 & F4Q27 tracking ahead of Street estimates, positioning the company for a strong beat, driven by better-than-expected GB300 shipments, higher ASPs and continued triple-digit YoY networking growth.
Handset semi: 2H phone demand worsens; QCOM QTL 3Q downside; SWKS upside but 4Q risks Oct 2026
Based on Westlake’s primary research, C3Q global phone shipments saw a record decline on memory-driven price hikes and 1H pull-forward, with only premium phones holding up. Demand weakened further in Oct, increasingly extending to premium phones, including iPhones, with downside risk to ’26 and ’27 global phone & iPhone shipment expectations.
Optical semi: TSEM 3Q/4Q revenue tracking ahead, fab ramp on track Oct 2026
Based on our primary research, demand for TSEM’s SiPho products remains robust and capacity-constrained. We see 2H SiPho revenue tracking toward management’s >$1BN 4Q26 exit rate. We see potential for a 3Q revenue beat and 4Q revenue guidance above expectations, and remain positive on TSEM.
Optical semi (LITE,COHR,MRVL,AVGO): who benefit & when from CPO, NPO, OCS & 2.4T Oct 2026
NVDA-led scale-out CPO revenue begins ramping in C4Q26, while NPO gains traction in ’27-’28, potentially pushing broader CPO adoption to ’29-’30. LITE, AVGO & COHR benefit from growing laser demand, while MRVL & AVGO trade lower DSP content per port for a much larger scale-up opportunity. Meanwhile, stronger OCS demand and expanding GOOG deployments suggest significant ’27 revenue upside for LITE, with COHR ramping from a smaller base…
Optical semi: demand strengthens; LITE/COHR C3Q-C4Q upside & sustained MRVL/AVGO DSP strength Oct 2026
Based on our primary research, AI-driven optical demand has strengthened further since C2Q earnings, with 1.6T DSPs, 200G EMLs, pump lasers and ITLAs remaining key supply constraints. LITE remains the clearest NT beneficiary through its leadership in scarce optical components and faster OCS/CPO monetization…