SemiAnalysis Core Research
The signal-dense read on semiconductors and AI, built for people putting capital to work. Weekly and ad hoc reports track the shifts that actually move the industry, and the equities tied to it.
The industry moves first in the supply chain. Read it there.
Core Research consolidates the SemiAnalysis desk into weekly and ad hoc reports tracking the structural shifts shaping semiconductors and AI infrastructure: packaging and memory, power and networking, foundry economics, and the model economics on top. Every report picks out the implications for companies and models the key drivers behind their earnings.
If you follow the public newsletter, Core Research is the signal-dense version of the same lens: supply chain and industry research distilled into actionable analysis, with the evidence attached.
Who reads it, and what it decides.
The subscribers of Core Research, and the calls they make with it.
- Public & private market investors
- Supply chain and industry research distilled into actionable ideas: the implications for companies, and the key drivers behind their earnings, modeled from the ground up.
- Hyperscalers & semiconductor companies
- A clear view of what the competitive set — Nvidia, TSMC, AMD, and the Chinese ecosystem — is building, and whether announced roadmaps and capex plans hold up under scrutiny.
- Strategy & policy teams
- Scenario reads on export controls, subsidy-driven capacity shifts, and the geopolitics redrawing the semiconductor map.
Three kinds of signal.
Every report belongs to one of three jobs. Together they keep the whole picture current.
Thematic Drivers
Continuous coverage of the structural shifts shaping semiconductors and AI infrastructure:
Packaging & memory
Advanced packaging capacity and the HBM roadmap
Power & networking
Datacenter power constraints and cluster fabrics
Model economics
Training and inference cost curves, and who can pay them
Inflection callouts
Early flags on the moments that reset the playbook, each with the implications for companies drawn out:
- Capacity pivots
- Architectural shifts
- Demand step-changes
- Policy reversals
Ad hoc deep dives
Fast-turn analysis when something material breaks:
- A new chip
- An export control
- A capex announcement
- An earnings surprise
How the research is built.
Four disciplines feed every report, and each conclusion is checked against the others.
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Technical due diligence
Examples: architectural teardowns of GPUs, TPUs, and ASICs; reverse-engineered yield analytics; ROI forecasts for hyperscalers and neoclouds.
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Supply chain forensics
Examples: wafer-level cost modeling; fab tooling lead-time analysis; cross-border logistics mapping.
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Market signal extraction
Examples: proprietary AI cluster deployment tracking; hyperscaler procurement pattern analysis.
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Regulatory intelligence
Examples: predictive modeling of export controls; subsidy-driven capacity shifts; global standards evolution.
The same primary research engine behind the institutional models runs underneath every report.
Where the edge comes from.
Every development travels the same road, from the supply chain to the Street. Core Research puts you at the second stop, not the last.
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The signal appears
Orders shift, lead times stretch, a fab reprioritizes. The physical world moves first.
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Core Research flags it
The report lands with the evidence attached and the implications for companies drawn out.
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Consensus catches up
The Street writes it up. By then it is in the price.
Research that ships with the model.
Model subscribers receive the update notes, webinars, and analysis published against each release. A sample of recent coverage:
Common questions.
Anything not covered here, ask the team directly through the form below.
How is Core Research different from the free newsletter?
The newsletter is the public layer. Core Research is the signal-dense version of the same lens: weekly and ad hoc reports with the equity and supply chain reads attached, built for subscribers putting capital to work.
Are the institutional models included?
No. The industry models, scenario simulations, and related tooling are separate institutional engagements, not bundled with Core Research.
How is it delivered?
Reports publish to subscriber access on semianalysis.com. Institutional licensing covers your whole team, and sales can scope seats against your mandate.
What does it cover?
The full stack: packaging and memory, power and networking, foundry economics, and AI model economics, plus ad hoc deep dives whenever something material breaks.
Models that pair with this one.
Core Research reads the market. The institutional models carry the numbers underneath it.
Accelerator & HBM Model
Demand forecastSKU-level accelerator shipments, ASPs, and the HBM build behind them, reconciled from wafer starts to installed FLOPS.
View model
AI Networking Model
Spend forecastCluster networking spend across switches, transceivers, and scale-up fabrics for hyperscaler and neocloud builds.
View model
ChipBook
Industry trackerThe monthly industry reference: 125+ datasets across the value chain, distilled from the proprietary models.
View modelGet Core Research.
Start with the sales team. They come back with scoping, licensing, and pricing for your mandate.
- Scoped to your use case
- Team-wide access under one license
- Custom research engagements available
