Westlake International has provided timely insights into key drivers affecting the semiconductor and Asian technology supply chains, as well as Chinese sectors and companies, since its founding in 2008. We continue to provide our clients with a wide array of primary research, including limited distribution semiconductor and China Internet research reports, custom research/survey and field check services across a wide variety of verticals and specialties.
With a fundamental research approach, our primary research uncovers industry dynamics and reaches investment conclusions by utilizing our survey data, various 3rd-party data and expert feedback. These research and services seamlessly package:
- Selection of meticulously chosen technology and Internet industry professionals from both compliance and industry experience perspectives
- Constantly updated / legally compliant list of pertinent industry questions
- Consultations with survey participants to flesh out qualitative issues around meaningful trends
- Screen and applications of most relevant 3rd party data for investment themes and pressing issues of covered companies
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Our Latest Reports
Server & optical semi check: AVGO & MRVL witness strong demand for merchant networking ASICs with MRVL seeing robust Trainium 2 volume ramp May 2025
Given strong ramp of Trainium 2 and strength in DSPs, high-speed switches and DCI products, we believe MRVL’s AI biz is trending ahead of F1Q26 & F2Q26 street revenue expectations, to offset the softness in storage & on-premise datacenter products. Alongside robust demand for its merchant networking ASICs, AVGO is likely to deliver at least in-line AI revenue for F2Q25, with encouraging remarks on its ASIC biz, given smooth transition between GOOG’s new and old TPUs & strong ASIC momentum.
Optical semi check (COHR,LITE,MRVL,AVGO): strong 1Q demand for transceivers, EMLs & DSPs with EML shortages likely to ease in 4Q May 2025
The strong 800G ramp at META, in addition to continued ramps at NVDA and others, may contribute revenue upside to COHR’s C1Q networking biz, along with robust demand for its photonic ICs & its DCI solutions. LITE continues to see strong DCI demand & demand for its EMLs exceeding supply in C1Q, with its cloud & networking biz likely beating street expectations. MRVL saw strong 1Q DSP demand…
QCOM & SWKS’s 1Q IoT (broad market) biz likely further improved: above-seasonal consumer & industrial bottoming Apr 2025
QCOM’s and SWKS’s IoT biz are likely to meet or exceed their 1Q expectations…
Server semi check: NVDA likely to beat F1Q25 & F2Q25 expectations Apr 2025
We see upside to NVDA’s F1Q26 revenue relative to street expectations on strong demand, and believe its F2Q26 guidance could exceed consensus, aided by demand strength, the GB200 rack ramp and residual H20 shipments (vs consensus assumption of none)…
Server semi (NVDA): on-the-ground activities after H20 restrictions; Huawei expanding advanced fab capacity incl 6nm Apr 2025
The H20 orders that have been in production can still be shipped to clients in 2Q…