$wolf collapse is insufficient to bring the industry to supply demand balance

Congrats to dip buyer of $SNPS and $CDNS On July 2, Synopsys received a letter from the Bureau of Industry and Security of the U.S. Department of Commerce informing Synopsys that the export restrictions related to China, pursuant to a letter received on May 29, 2025, have now

Citi on GPU vs ASIC

US Plans AI Chip Curbs on Malaysia, Thailand Over China Concerns - Bloomberg President Donald Trump’s administration plans to restrict shipments of AI chips from the likes of Nvidia Corp. to Malaysia and Thailand, part of an effort to crack down on suspected semiconductor

Aletheia's Skye Chen wrote that only 5k GB200 racks were shipped in 1H 2025

MS sees a doubling of capacity for YMTC and CXMT from 2024 to 2028. Equipment localisation rate is also going up

Samsung's Q2 operating profit was down 31% QoQ and 56% YoY. Semiconductor OP was down due to inventory valuation loss (In a rising spot price market? More likely because of unqualified HBM)

MediaTek is engaging with Meta on MTIA v4 Source: UBS

Morgan Stanley's opinion on MTIA project $avgo $MTK

HSBC upgrades $AMD to TP of $200 as MI350 series pricing will be USD 25k instead of USD 15k $nvda

CLSA thinks MediaTek has a good chance to win Meta's 2nm Arke project

1) Rubin redesign leads to more limited volume 2) TSMC CoWoS capacity to hit 130k in 2027 3) Blackwell Volume: 750k in Q1 25, 1.2mn in Q2, 1.5mn in Q3, 1.6mn in Q4 4) Broadcom is fastest growing CoWoS customer in 2026 Source: Fubon $tsm $nvda $avgo

Please give Fubon’s analyst credit. He did the channel checks and is reporting data. The alternative is for you to purchase SemiAnalysis Accelerator Model. To me, this reads as glass half-full / half-empty for both $NVDA and $AMD. This isn’t the first delay, and a 3 months

MS on Rubin Timeline $nvda Rubin is on track: NVIDIA's first Rubin silicon should be out from the TSMC fab this October (first tape-out was in June). Meanwhile, our checks suggest NVIDIA's Rubin engineering sampling (ES) is on track for 4Q25, although the fine-tuning of the

No surprise that Hynix is the 1st to complete development of HBM4 at 10Gbps

Latest CoWoS allocation until 2027. Source: JPM $tsm $nvda $avgo