Tech Note -- April 30, 2024

Locator: 47110TECH.

After spending quite a bit of time on Broadcom yesterday (research), it appears that to a great degree all of these "chip companies" -- designers, fabricators -- have a monopoly in their "narrow" sector of the "semiconductor" market.  

The chip companies that appear to be benefiting from this:

• NVDA -- GPUs
• AMD (XLNX) -- FPGAs
• TSM -- fabricator
• AVGO -- AISCs
• MU -- memory
• ASML -- foundries 
• LRCX -- equipment
  

Fabs vs foundries: there is a difference. 

Cloud:

• many competitors but the pie is getting exponentially bigger
• Zeck suggests the cloud is well under-utilized
• requires lots of chips

Next big thing: not really "next." It's already here: ad-supported streaming. Huge new beneficiary:

• Netflix