Dylan Patel runs Semianalysis, a leading source for AI hardware insights, while Jon, from Asianometry, delves into the history of semiconductors. They explore the complexities of the semiconductor industry, discussing U.S.-China dynamics and talent acquisition strategies. The conversation highlights Huawei's resilience despite sanctions and the implications of recent technological advancements. The duo also tackles the future of data centers and the challenges of emerging GPU markets, emphasizing the intersection of finance, innovation, and global competitiveness in tech.

Dylan Patel, a technology analyst, joins the podcast to discuss the state of the GPU market and the concept of 'GPU poor' vs 'GPU rich'. They delve into the GPU shortage and future forecasts for NVIDIA and AMD. The episode also explores the importance of efficient infrastructure for tech giants, metrics in machine learning training, Noam Chizir's work, AI hardware startups, Apple's capabilities, and innovations in AI.

This is Zack Fuss, an investor at Irenic Capital, and today we’re breaking down the biggest manufacturer of chip making equipment in the world, Applied Materials. Last week, we looked at the other leading equipment maker in the semi-industry, ASML, and while that business currently has a higher market cap, Applied Materials generated more revenue and profit last year.It earned $26 billion, spent $3 billion on R&D and currently has 17,300 patents. To explore the business behind those numbers, I’m joined by Dylan Patel, Chief Analyst at SemiAnalysis. Dylan takes us through the industry’s evolution, how Applied’s business differs to ASML, and how geopolitics is a double-edged sword. Please enjoy this breakdown of Applied Materials.For the full show notes, transcript, and links to the best content to learn more, check out the episode page here. -----This episode is brought to you by Tegus, the modern research platform for leading investors. Tired of running your own expert calls to get up to speed on a company? Tegus lets you ramp faster and find answers to critical questions more efficiently than any alternative method. The gold standard for research, the Tegus platform delivers unmatched access to timely, qualitative insights through the largest and most differentiated expert call transcript database. With over 60,000 transcripts spanning 22,000 public and private companies, investors can accelerate their fundamental research process by discovering highly-differentiated and reliable insights that can’t be found anywhere else in the market. As a listener, drive your next investment thesis forward with Tegus for free at tegus.co/patrick.-----Business Breakdowns is a property of Colossus, LLC. For more episodes of Business Breakdowns, visit joincolossus.com/episodes.Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here.Follow us on Twitter: @JoinColossus | @patrick_oshag | @jspujji | @zbfuss | @ReustleMatt | @domcookeShow Notes(00:02:33) - (First question) - An overview of the vital and diverse semiconductor industry(00:05:11) - The shift to specialization in semiconductors(00:09:04) - Geopolitical factors that impact the sector(00:12:16) - The dynamic evolution of Applied Materials(00:15:22) - What differentiates Applied Materials from their competitors(00:18:52) - Strong margins, growth, and efficient capital allocation drive their financials (00:22:00) - The cyclical nature of the semiconductor industry(00:24:36) - Optimizing equipment for next-gen chips through collaboration with manufacturers(00:29:09) - How Applied Materials' specialization limits equipment changes for manufacturers(00:32:54) - Contributing factors to Applied Materials' continued growth(00:36:05) - Market share varies by equipment and processes(00:39:13) - Biggest risks for Applied(00:41:23) - AI's growing demand for semiconductors(00:43:20) - Lessons learned from studying Applied Materials

Demetri Kofinas interviews Dylan Patel, a semiconductor and A.I. analyst, about the failure of U.S. semiconductor export controls on China. They discuss Huawei's Kirin 9000s chipset, China's progress in the chip industry, military and commercial implications, strengthening export controls, and rebuilding America's semiconductor industry.

The Chips Avengers assemble once again! Reva Goujon of the Rhodium Group, JP Kleinhans of the European think tank SNV, Jay Goldberg of Digits and Dollars, and Dylan Patel, who writes SemiAnalysis.In this episode of ChinaTalk, we all: Deep dive into the CHIPS Act's recent Notice of Funding Opportunity (NOFO); Discuss the potentially existential impact of AI on global power dynamics; Consider the true intentions of the October 2022 export controls — from military constraining China to crippling manufacturing in the broader economy; Muse about the potential for a "splinternet" to emerge as countries around the world — in particular, the US, China, EU members states — adopt different standards and regulations for their tech industries; And more! Outro music: https://www.youtube.com/watch?v=m1_Amc4Ysv0 Learn more about your ad choices. Visit megaphone.fm/adchoices

Experts from SemiAnalysis, Fabricated Knowledge, and Asianometry discuss Intel's challenges, GTC reflections, and the importance of Dr. Ann Kelleher. They explore AI strategies of Nvidia and TSMC, leadership styles in the tech industry, and the potential funding sources for Intel's foundry business.

Dylan Patel, an analyst at SemiAnalysis, and Greg Allen from CSIS discuss Biden’s recent chip export controls and their shortcomings. They highlight how China’s stockpiling may undermine the effectiveness of the new regulations. The conversation delves into the complexities of law enforcement versus foreign policy, emphasizing that the current regulatory design is overly complicated. They argue for a more straightforward approach to strengthen the U.S. semiconductor industry amidst fierce competition with China.

Subscribe to my newsletter! https://www.chinatalk.media/ Doug O'Laughlin of Fabricated Knowledge and Dylan Patel of SemiAnalysis go through our most important semis stories of 2022. We get into: Samsung and Intel's stumbles Arm taking on Qualcomm Risc-V's rise The politicization of semiconductors Outtro music: ChatGPT + PG One https://www.youtube.com/watch?v=mDvFGLSIU2c Learn more about your ad choices. Visit megaphone.fm/adchoices

Dylan Patel and @Ate-A-Pi delve into the semiconductor industry, AI impact, and future of the internet. They discuss the cost of training GPT models, Nvidia's strategy in AI hardware, and the wonders of semiconductor manufacturing. Predictions on achieving Artificial General Intelligence (AGI) add a futuristic touch to the conversation.

Semiconductor analysts Doug O'Laughlin and Dylan Patel discuss Huawei's breakthrough Kirin 9000s chip, Chinese engineering excellence, the future of AI chips in China, dominating the lagging edge and the EV space, and potential actions the US government could take to tighten export controls and set back China's semiconductor ecosystem.