Doug Olaughlin, founder of fabricated knowledge, comes on the podcast to talk about the semiconductor space in general and then dive into his thesis on Rambus (RMBS) and why the market might be missing their big growth call option.
Fabricated knowledge website: https://www.fabricatedknowledge.com
Doug's RMBS thesis: https://www.fabricatedknowledge.com/p/a-pure-play-on-datacenter-memory?s=w
Chapters
0:00 Intro
3:00 Why semis are so compelling
4:10 What's driving the auto / semi shortage
6:55 What Doug's seeing in the semi world
11:30 Why generalists struggle with semis
15:15 Where are we in the semi-cycle right now?
21:30 Separating semi inventory issues from long term supply coming on
31:45 How fragile is the semi supply chain
39:40 Does a crypto winter impact semis?
44:40 Diving into RMBS
56:00 What Doug is seeing the market is missing
58:30 How sustainable is RMBS's FCF?
1:02:30 Why is insider ownership so awful here?
1:06:30 RMBS's acquisition program
1:08:05 Will RMBS really own CXL?
1:14:30 closing thoughts
