Paranoid Schizophrenia Essay Papers - Thesis Semiconductor Market
Nowhere is this more evident than in the massive investments that leading Internet platforms have made to build out their data centers and artificial intelligence capabilities as part of the ongoing push to monetize their rich troves of information on users and their behaviors.
The auto market arguably offers the most compelling growth opportunity on the consumer side, in our view, even if U. Semiconductors are at the heart of all these innovations, from the memory chips that are essential to training advanced neural networks on massive data sets to the analog semiconductors that process real-world phenomena into digital signals and enable local devices to communicate with the cloud.
As chips proliferate in more and more devices to enable data collection and monetization, the semiconductor industry benefits from volume growth and the improved profit margins that come from dealing with higher-quality customers than PC manufacturers.
We prefer businesses that trade at attractive valuations and offer superior exposure to end markets with the strongest secular growth trends.
We also like companies pushing the envelope on next-generation technologies that could make Moore’s law relevant again on the performance front, as well as semiconductor capital equipment companies that should benefit from the confluence of increasingly expensive capacity additions and demand growth that is at or above the run rate for global gross domestic product.