Puja Tayal
Having joined Market Realist in 2015, Puja has been covering the intricacies of the semiconductor industry. She has 13 years of experience as a financial analyst with a particular focus on the manufacturing sector. Having graduated in commerce (accounting) and completed CFA Level 1, Puja is known for her insightful and well-researched articles. Puja is a tech enthusiast and has an interest in understanding the endless possibilities of technology as the world moves towards AI, 5G, and autonomous cars. In the early days of her career, she worked with a business intelligence firm as a quality analyst and trainer. This experience built on her analytical skills. Puja has also pursued a crash course in business analytics.
Disclosure: I am in full compliance with all ethics and other policies for Market Realist research analysts. I am not invested in securities that I cover on Market Realist.
More From Puja Tayal
This Technology Gives TSMC the Advantage over Samsung and Intel
Taiwan Semiconductor Manufacturing Company (TSM) is ramping up the production of its 7 nm node ahead of Samsung (SSNLF).
Advanced Technology Nodes to Drive TSMC’s Future Revenue
TSMC focuses on manufacturing nodes to attract more chip designers to manufacture their chips at its foundry.
Micron Expects Stable Growth in NAND Industry Supply
Micron expects NAND industry supply to grow at an average annual rate of 40% beyond 2018.
Micron’s Plan to Scale Down on DRAM Technology
Micron is investing in advanced nodes, as they provide the best return on investment opportunity by offering cost competitiveness.
Micron Expects Limited Growth in DRAM Industry Supply
Micron expects its diversified customer base to increase DRAM (dynamic random-access memory) demand in the double-digits over the next four years.
Micron Focuses on High-Value Memory System Solutions
Micron Technology (MU) is using vertical integration to achieve cost competitiveness in both the DRAM and NAND spaces.
Execution Excellence Is Micron’s Path to Technology Leadership
Micron Technology (MU) has been executing well on its technology road map.
Broadcom Didn’t Convince CFIUS to Approve the Qualcomm Takeover
A day after CFIUS began its review, Tan visited the senior members of the government agency to discuss the matter.
Why the Technology Industry Opposed the Broadcom–Qualcomm Deal
Broadcom (AVGO) failed to crack the technology industry’s biggest acquisition of Qualcomm for $117 billion due to intervention by President Trump.
How Does Micron Look to Tap Secular Memory Demand Trends?
Memory demand is becoming more secular, growing beyond PCs and into the data center, autonomous cars, IoT, and AI spaces.
How Intel Is Using Mobileye for Autonomous Driving
Intel’s (INTC) move toward becoming a data-centric company focuses on network connectivity, deep learning and AI (artificial intelligence) solutions.
Behind Intel’s Gross Margin
Intel (INTC) is currently working on fixing the security flaws found in its chip designs. However, the nature of these threats is dynamic and evolving.
Intel in the Semiconductor Industry: Key Revenue Drivers
In fiscal 2017, Intel’s revenue rose 9% YoY (year-over-year) to $62.8 billion, driven by 16% YoY growth in its data-centric business.
What Mergers and Acquisitions Could Open Up for Qualcomm
Qualcomm is looking to venture into automotive, servers, IoT (Internet of Things), and laptops.
Advanced Micro Devices: Computing and Graphics Segment in 2018
AMD’s Computing and Graphics revenue has risen in the double digits on a YoY (year-over-year) basis from fiscal 2Q16 when AMD launched its first Polaris GPU.
The Cloud Server Market—Micron Technology’s Next Big Opportunity
On the DRAM front, Sanjay Mehrotra stated that average capacity per server increased to ~145 GB in 2017, and it is expected to increase to ~350 GB by 2021.
Micron Technology’s CEO Focuses on the Storage Business
Micron Technology’s (MU) fiscal 1Q18 revenues were driven by strong demand for server, mobile, and SSD (solid-state drive) memory solutions.
What Is Micron’s NAND Strategy for Fiscal 2018?
At the end of fiscal 1Q18, 3D NAND accounted for 80% of Micron’s total NAND output. The company expects to increase this mix to 95% by the end of fiscal 2018.
Micron’s Strategy to Improve Its DRAM Gross Margin in 2018
According to its latest earnings report, Micron’s (MU) DRAM (dynamic random-access memory) revenue rose 88% YoY (year-over-year) in fiscal 1Q18.
The State of Micron’s Cash Flow in Fiscal 2018
To become cost-competitive, Micron is increasing its capex from $5.0 billion in fiscal 2017 to $7.5 billion in fiscal 2018.
How Micron Plans to Improve Its Gross Margin in Fiscal 2018
For fiscal 2Q18, Micron expects to improve its gross margin to 56.0% at the midpoint.
Micron’s Product Strategy for Fiscal 2018
In the DRAM market, Micron expects to achieve bit crossover on 1X DRAM by the end of 2018.
Micron’s Strategy to Survive a Memory Downturn
In fiscal 1Q18, Micron introduced its 32 GB NVDIMMN (nonvolatile dual in-line memory module), which is a combination of its DRAM and NAND products.
How Will PC Market Impact Different Semiconductor Companies in 2018?
2017 has been good for the PC market, as its shipment decline slowed. Although the traditional desktop market continued to fall, growth was high for laptops, notebooks, and gaming PCs.
Nvidia and Intel: The Benefits of Artificial Intelligence
Nvidia’s GPUs are preferred by many data center and cloud companies for their AI tasks. That saw its data revenue grow in the triple digits in 2017.
How Tax Reform Could Impact Semiconductor Companies
There could be a favorable business environment for the US semiconductor industry in 2018 in the wake of tax reform at the end of 2017.
Territorial Tax System: Important for US Semiconductor Companies?
The semiconductor industry welcomed the Tax Cuts and Jobs Act that President Trump signed into law on December 22, 2017.
Why Semiconductor Stocks with High PE Ratios Are So Important to Investors
As of December 22, 2017, Broadcom (AVGO) had the highest PE ratio of 65x, followed by NVIDIA (NVDA) at 48.85x.
Reading the Most Profitable Semiconductor Companies
In calendar 3Q17, Intel (INTC) was the most profitable semiconductor company, with a last-12-month EBITDA of $25.3 billion.
Why AMD and Intel Are in the Top 5 Most Volatile Semi Stocks
Short-term investors and traders are interested in highly volatile stocks as they look to profit from strong price movements through options trading.
Which Semiconductor Companies Are Potential Acquisition Targets in 2018?
Analysts at Morgan Stanley and KeyBanc Capital Markets have listed Cypress Semiconductor (CY) as a potential acquisition target.
Chip Suppliers and Apple’s In-House Chip Designing Strategy
Apple is currently acquiring Toshiba’s (TOSBF) NAND (negative AND) business in a consortium with Bain Capital.
A Look at Chip Suppliers with High Exposure to Apple
KeyBanc estimates that Cirrus Logic and Skyworks Solutions could earn $0.05–$0.08 in earnings per share for every 5 million iPhone 8 and iPhone X models sold by Apple.
AMD’s EESC Segment Looks beyond Game Console for Growth
Between 2012 and 2016, AMD’s revenues fell more than 20% as it lost significant market share in the PC space.
How Did the Mobileye Acquisition Impact Intel’s Balance Sheet?
Intel (INTC) is increasing its earnings through spending discipline and by focusing its expenses on projects with high ROI (return on investment).
Why Did AMD’s Stock Price Fall after Its Fiscal 3Q17 Earnings?
AMD reported better-than-expected fiscal 3Q17 earnings. Despite this, its stock fell 13.5% in just one day after its earnings were released.
Why Is EMIB Technology so Important for Intel?
Intel (INTC) is developing an MCM (multi-chip module) by integrating AMD’s semi-custom discrete GPUs (graphics processing units) inside its processors.
All You Need to Know about the Intel-AMD GPU Collaboration
This would be the first time since 1980 that AMD and Intel have entered into a strategic business collaboration to develop products.
How Does Qualcomm Fit into Broadcom’s Business Model?
Broadcom climbed the ladder through acquisitions, while Qualcomm climbed the ladder through its technology advantage in the smartphone industry.
A Look at Opportunities and Challenges in NVIDIA’s GPU Business
NVIDIA (NVDA) has become NVIDIA because of its most advanced GeForce GPUs (graphics processing units), which are superior in the PC (personal computer) gaming market in terms of performance.
Where Qualcomm Stands in the 5G Race
Qualcomm is a step ahead of Intel because it recently unveiled its X50 5G modem in a smartphone device at the Hong Kong 5G summit in October 2017.
Intel Sees Future in Neuromorphic Chips and Quantum Computing
Intel taps neuromorphic processors Intel (INTC), a leader in the data processor market, is set to secure its position in the cloud computing space with its new Nervana NNP (Neural Network Processor), which it developed in conjunction with Facebook (FB). Now, it is tapping offline, on-device computing to compete with more energy-efficient ARM processors in […]
Can Intel Keep Its Footing in Technology’s Changing Landscape?
Intel (INTC) has been a dominant name in the technology industry for a long time, holding a strong position in the PC (personal computer) and data center processor markets.
Why Intel’s Partnership with Google’s Waymo Matters
In August 2017, Intel completed the acquisition of Mobileye for a very high premium, and it’s wasting no time to put Mobileye’s technology to work.
Inside Intel’s Data Center Group: A Cloud Opportunity?
With the PC (personal computer) market slowing, Intel (INTC) has been banking on its DCG (Data Center Group) to boost overall earnings.
A Look at China’s Progress in Semiconductor Manufacturing
China manufactures only 13% of the world’s ICs. The nation imports more than $200 billion in chips annually, which created an estimated annual trade deficit of $150 billion in 2014.
Why US Companies Have Concerns about the Corporate Tax Structure
Among the 35 OECD countries, the US has the highest corporate tax rate of 35%. This tax rate puts US companies at a disadvantage compared to their foreign rivals.
Micron’s Technology Roadmap Aimed at Improving Cost Competitiveness
Micron (MU) has expanded its manufacturing capabilities by acquiring small companies like Inotera Memories and Tidal Systems.
Changing Memory Industry Dynamics to Positively Impact Micron’s Growth
Micron expects the SSD (solid-state drive) attach rate to increase to ~50% in 2018 and 75% in 2020.
Why NVIDIA Is Eyeing Growth Opportunities in AI City
AI city NVIDIA (NVDA) is looking to expand the application of AI (artificial intelligence) and put it at the core of the future data-centric economy. The company is thus exploring the possibility of using AI in city management. In May 2017, it announced its Metropolis Edge-to-Cloud platform, which is a compilation of several hardware products—like Jetson, […]
