Doug O’Laughlin, founder of fabricated knowledge, returns to the podcast to discuss his thesis on SiTime (SITM).
Doug's SITM write up: https://www.fabricatedknowledge.com/p/its-high-time-to-look-at-sitime
Doug's first pod appearance: https://yetanothervalueblog.substack.com/p/doug-from-fabricated-knowledge-on
Chapters
0:00 Intro
2:45 SITM overview
7:50 What is the market missing at SITM?
12:45 Near term numbers and does management have a handle on the business?
18:05 MEMS versus Quartz market size and growth
24:20 SITM's MEMS market share
27:00 Risk of insourcing MEMS
31:45 How did SITM "win" MEMS?
35:20 Apple and customer concentration
41:00 More on MEMS versus Quartz
43:40 Apple's "all-in" on MEMS
52:45 Why isn't MEMS taking share faster from Quartz?
1:00:30 SITM valuation
1:08:30 Capital allocation and insider buy
