1/ Sharing some semiconductor-related content now that semis are back (they never left)
First, a simple visual that explains the industry's structure. People who already know the industry might find this basic, but I struggled to find something similar when doing my research
First, a simple visual that explains the industry's structure. People who already know the industry might find this basic, but I struggled to find something similar when doing my research
2/ I then decided to do a somewhat more complex visual with some more info on the industry. I tried to condense it one page but found it impossible, so I did a three-pager
Part 1: Types of chips and how they are made
Part 1: Types of chips and how they are made
3/ Part 2: The manufacturing process, Moore's Law, and a bit of history
4/ Part 3: The industry today and geopolitical tensions
5/ Semis is undoubtedly a cyclical industry, but this doesn't mean that it does not have secular growth ahead of it.
This graph made by $TXN is a great example of this cyclical-secular dynamic. Over the short to medium term there are ups and downs, but the LT trend is up
This graph made by $TXN is a great example of this cyclical-secular dynamic. Over the short to medium term there are ups and downs, but the LT trend is up
6/ A cyclical-secular industry with great companies should be an investor's dream as it gives opportunities for those that are LT oriented and can see through the noise
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