TrendForce Corporation

#MTS2025 Agenda Update! #MemoryTrendSeminar 2025 will be held on November 20 in Shenzhen! Hosted by TrendForce, this event will explore storage market trends and innovations driven by AI, 5G, and Big Data. How will HBM, SSDs, and AI servers shape the future? What’s next for the market amidst inventory challenges? Join TrendForce analysts and industry leaders from #Intel #Solidigm #WesternDigital #DapuStor #SiliconMotion as they explore key trends and emerging consumer demands in the memory market. Don’t miss out! #DRAM #NAND #SSD #AI #Server -Livestream available (Register for free today): https://lnkd.in/gzmYmakc 🔗

U.S. Pressure on China Intensifies: Semiconductor Equipment Makers Face Challenges Semiconductor equipment makers' earnings reports are often seen as a key indicator of semiconductor demand. While AI chip development has surged recently, other semiconductor sectors remain weak. Additionally, the U.S. has tightened export restrictions on semiconductor equipment to China, adding further uncertainty. Recently, hawkish U.S. lawmakers sent letters to five major semiconductor equipment firms, demanding details on products sold to China—an action that could impact the operations of these companies. Against this backdrop, let’s look at the latest revenue figures for the top five semiconductor equipment manufacturers to understand the current market landscape. #Applied Materials reported Q4 FY2024 revenue (07/29–10/27) up 5% YoY to $7.05B. Revenue from China, however, dropped 28% YoY to $2.14B, raising concerns that Applied and other semiconductor equipment makers could face reduced demand from China's DRAM sector. Applied projects Q1 FY2025 revenue at approximately $7.15B, with a range of ±$400M. #ASML posted 3Q24 revenue (07/01-09/29) up 11.9% YoY to €7.467B (approx. $7.866B), but new orders dropped by 52.7% sequentially, missing market expectations and prompting ASML to lower its 2025 sales target to €30–35B. With U.S. and Dutch governments tightening export controls on advanced equipment to China, ASML faces increasing challenges in the Chinese market. CFO Roger Dassen cautioned that China’s share of ASML’s total revenue could drop to around 20% over the next year. #Lam Research reported Q1 FY2025 revenue (07/01–09/29) up 8% sequentially to $4.17B. Lam projects Q2 revenue, ending December 29, 2024, to reach $4.3B, with a range of ±$300M. For the China market, Lam expects China’s WFE (wafer fab equipment) spending in 2H24 to be lower than in H1, with China revenue expected to dip to around 30% of total sales in the December quarter. Nonetheless, Lam remains optimistic about WFE growth driven by rising AI and HBM demand. #Tokyo Electron (TEL) reported Q2 FY2025 revenue (07/01-09/30) up 32.4% YoY to ¥566.5B (approx. $3.62B). Revenue from China surged 28% to ¥233.9B (approx. $1.5B), accounting for 41.3% of total revenue. However, with heightened U.S. export controls on China, TEL expects China’s sales share to drop below 40% in the second half of the year. #KLA posted Q1 FY2025 revenue (07/01–09/30) of $2.84B, up 19% YoY, and anticipates Q2 revenue to reach $2.95B, with a range of ±$150M. Although demand in China is subdued, KLA remains optimistic due to ongoing investments in advanced semiconductor processes, particularly in wafer foundry/logic and memory (especially DRAM), which are expected to continue supporting revenue growth and offset some of the adverse impacts. 📊 More semiconductor insights: https://buff.ly/4466Utg 📊 More industry charts: https://buff.ly/4fzUmzQ

📢 Where’s the latest target of Intel’s global layoffs? The struggling tech giant is said to let go over 1,000 employees in Israel! 👀 Anyhow, as the country’s largest private employer, Intel Israel’s scale of workforce is still larger than other tech giants, such as NVIDIA, Apple and Google. 💡More: https://buff.ly/40LRCu0 🔗 #Intel #Israel #layoff

🚀 New challenger to NVIDIA from China has emerged amid U.S. export restrictions? Local AI unicorn Moore Threads, with a projected valuation over USD 3 billion, has kicked off its IPO process this week! 👀 Following its two peers, Enflame and Siren Technology, the company’s planned listing seems to suggest an IPO wave from domestic chip companies in China! 💡More: https://buff.ly/3O5Sja6 🔗 #MooreThreads #Enflame #Siren #NVIDIA

💥Trump’s tariff policy could hike iPhone prices by $240! With a proposed 60% tariff on Chinese imports and over 80% of smartphones coming from China, Apple may face further challenges. 👀 Could major production shifts be on the horizon? Some countries did benefit from the U.S.-China tariffs during Trump’s first term. 💡More: https://buff.ly/3URVdTG 🔗 #Apple #iPhone #Trump #tariff

💥#SKhynix actively expands its presence in the #HBM market. Why is it launching the #HBM3e 16hi product just ahead of the #HBM4 mass production? 💡More analysis from #TrendForce on its key strategies behind this move: https://buff.ly/4hRaYnN 🔗

👀 No need to worry about U.S. export restrictions or delayed orders from Intel and Samsung? ASML reaffirms the market about the strong demand for its advanced tools, aiming for a 8-14% annual revenue growth by 2030! ⚠️ However, ASML’s short-term momentum may be facing some challenges, as it cut 2025 sales guidance by up to 25% a month ago. 💡More: https://buff.ly/3Cla6av 🔗 #ASML

🚀 Amid the AI boom, the world’s largest capacity eSSD has been released, by SK hynix subsidiary Solidigm! 👀 Imagine the 122TB QLC-based product, which may be a game changer targeting the AI data center market! It is expected to hit the market as soon as early next year! 💡More: https://buff.ly/4ftIgYy 🔗 #SKhynix #Solidigm #eSSD #QLC

🔥Samsung may outsource Exynos production to TSMC—a wild move, considering it originally planned to produce the Exynos 2500 in-house with its 3nm node. 🚀 But with Samsung’s extremely low 3nm yields, it’s less surprising. Rumor has it that TSMC’s N3E process yield rate has almost hit 90%! 💡More:https://buff.ly/48Rus7m 🔗 #Samsung #Exynos #Exynos2500 #3nm #TSMC

📢 U.S. October #CPI annual growth rate stood at 2.6%, marking only a slight increase from the previous month, suggesting there was no indication of a significant acceleration in #inflation! 💡More about its implication for the December #RateCut: https://buff.ly/4foIGiB 🔗