Technology-driven semiconductor research.
Technical depth, translated for investment decisions.
The gap
Semiconductors sit at the intersection of physics and trillion-dollar capital allocation decisions. The people making those decisions and the people who understand the technology rarely speak the same language.
Sell-side analysts model revenue. They track quarterly earnings and build financial models. But they skim the technical surface because they have to cover a large number of companies.
Engineers know the technology. They understand the physics, the tradeoffs, the manufacturing constraints. But they don’t connect it to market dynamics, competitive positioning, or capital allocation.
As a result, technology shifts get mispriced and investors make decisions based on incomplete understanding.
What this newsletter does
There are few sources that combine technical depth with industry-oriented analysis - from physics to behavior of markets - in a variety of semiconductor industry verticals. This newsletter bridges that gap.
When a technology shift is coming, I explain what it means in terms that matter for investment decisions: who wins, who loses, and when adoption will show up in the supply chain.
I focus on the infrastructure layer of AI and cloud computing: networking, interconnects, photonics, analog, packaging, and power. The physical backbone that makes datacenters and accelerators work. In the face of interesting developments, I cover non-AI markets too.
These are the parts of the semiconductor ecosystem that don’t get discussed amid the hype, but they constrain everything else. And they represent some of the most interesting opportunities in the space.
The approach is straightforward. Start with physics. Explain the engineering tradeoffs. Connect to specific companies, products, and market dynamics.
No hype, no speculation, no hand-waving.
Who reads this
This newsletter is for you if:
You value an engineer’s perspective on what’s real vs. what’s hype.
You want an understanding of the semiconductor industry from first-principles.
You want to understand why certain technologies win, not just that they’re winning.
You invest in semiconductors and want to understand the hardware infrastructure layer.
You’re a leader or investor in the semiconductor industry who wants to make well-informed decisions.
This newsletter is not for you if:
You want stock picks or price targets.
You’re looking for daily market commentary.
You prefer broad coverage over deep expertise in specific semiconductor verticals.
Who I Am
I’m an engineer with a Ph.D in Electrical Engineering from Texas A&M University, and 15 years of semiconductor industry experience across companies of all sizes. I’ve published over 20 papers in leading IEEE journals and conferences, which have been cited over 750 times. I hold several patents.
I start with physics and work up to the industry implications. I explain how the technology actually works, why certain tradeoffs matter, and what that means for who wins and loses.
Engineer first. Analyst later. This is technical depth, translated for professionals and investors.
Expensing the Newsletter
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Holiday Policy
If I am not able to write articles on this Substack (health, extended holiday, other commitments, etc.), I will pause paid subscriptions until I can get back to it. When this happens, billing cycles are frozen.
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