Core Viewpoint - The article discusses the challenges of managing excess inventory in the semiconductor industry, highlighting the financial burden of storage and capital costs associated with unsold materials. It promotes a service that facilitates quick sales of surplus inventory to mitigate losses. Group 1: Inventory Management - A batch of 100,000 units of excess inventory incurs at least 5,000 in monthly storage and capital costs, leading to a potential loss of 30,000 if held for six months [1] - The service "Chip Superman" has served 22,000 users and offers discounts to clear inventory, promising transactions can be completed in as little as half a day [1][10] Group 2: Inventory Listings - The article lists various semiconductor components available for sale, including: - NEXPERIA BUK9K17-60EX (100-200k units, 22+) [4] - TI ISO1500DBQR (30,000 units, confirmation pending) [4] - ON SBAV199LT1G (3,000 units, 2428) [4] - Various other components from brands like Toshiba, ESMT, and Murata with quantities ranging from thousands to hundreds of thousands [4][5] Group 3: Warehouse and Quality Control - Chip Superman operates a 1,600 square meter smart warehouse with over 1,000 models and 50 million chips in stock, valued at over 100 million [8] - Each component undergoes quality control inspections in an independent laboratory located in Shenzhen [9]

Core Viewpoint - On December 19, Ansem and GlobalFoundries announced a new collaboration agreement to jointly develop and manufacture the next generation of gallium nitride power devices, starting with 650V devices [1] Group 1: Collaboration Details - The collaboration will leverage GlobalFoundries' 200mm enhanced silicon-based gallium nitride process along with Ansem's industry-leading silicon-based drivers, controllers, and advanced thermal packaging technology [1] - The partnership aims to provide optimized system solutions that are smaller and more energy-efficient for various applications [1] Group 2: Target Applications - The optimized solutions are intended for use in AI data centers, automotive, industrial, and aerospace applications [1]

费城半导体指数日内大涨超3%，美光科技涨超15%，超威半导体涨超3%，安森美半导体涨超2%。 (本文来自第一财经) 来源：第一财经 ...

Core Viewpoint - onsemi has entered a collaboration agreement with GlobalFoundries to develop and manufacture advanced gallium nitride (GaN) power devices, starting with 650V, to meet the increasing power demands in various high-growth markets [3][4][5] Group 1: Collaboration Details - The collaboration aims to combine onsemi's expertise in silicon drivers and controllers with GlobalFoundries' 200mm eMode GaN-on-silicon process to create high-performance GaN devices [3][4] - The partnership will focus on delivering optimized GaN devices for applications in AI data centers, electric vehicles, renewable energy, and aerospace, defense, and security [3][6] Group 2: Product Development and Applications - onsemi's GaN portfolio will include power supplies, DC-DC converters, onboard chargers, solar microinverters, energy storage systems, and motor drives, catering to the needs of high-density systems [6][7] - The collaboration is expected to accelerate the development of high-efficiency solutions and resilient supply chains for critical markets [5][6] Group 3: Technical Advantages - GaN technology allows for higher frequency operation, reducing component count and system size while improving efficiency and thermal performance [8] - Integrated functionality of GaN FETs with drivers and controllers in a single package enhances design cycles and reduces electromagnetic interference [9] Group 4: Timeline and Future Outlook - onsemi plans to begin sampling the new GaN devices in the first half of 2026, with a rapid scale-up to volume production anticipated thereafter [4][10]

Group 1: Semiconductor Industry Overview - The semiconductor industry is expected to benefit from recent developments, including U.S. government policies that balance trade with China while restricting access to advanced technology [3][4] - Semiconductor stocks have gained significantly from the AI boom since 2022, although they remain vulnerable to the ongoing U.S.-China AI trade tensions [5] Group 2: Investment Opportunities in Semiconductor Stocks - A screening of semiconductor companies with a market cap of at least $2 billion identified the 10 most undervalued stocks, focusing on those trading at least 25% below the NASDAQ forward P/E ratio of 26.35 [2] - ON Semiconductor Corporation (NASDAQ:ON) has a potential upside of 3.63% and is extending its partnership with FORVIA HELLA to enhance automotive applications [6][8] - Synaptics Incorporated (NASDAQ:SYNA) shows a potential upside of 6.9%, with a strong growth outlook driven by its Core IoT portfolio, which grew 74% YoY [11][13] - Qualcomm Inc. (NASDAQ:QCOM) has a potential upside of 8.39% and is expanding into the data center market following its acquisition of Alphawave Semi [16][18] - Skyworks Solutions, Inc. (NASDAQ:SWKS) has a potential upside of 9.89%, but faces regulatory risks due to its merger with Qorvo [20][22] - NXP Semiconductors NV (NASDAQ:NXPI) has a potential upside of 15.33% despite plans to exit the radio power market due to lack of ROI [24][25] - Cirrus Logic Inc (NASDAQ:CRUS) has a potential upside of 19.66% as it expands into the automotive market with new product launches [26][27] - Micron Technology Inc. (NASDAQ:MU) has a significant potential upside of 20.42%, with analysts predicting strong demand for DRAM and NAND products [30] - ASE Technology Holding Co. (NYSE:ASX) reported stable revenue growth, with a potential upside of 20.85% [32][34] - Photronics Inc. (NASDAQ:PLAB) has a potential upside of 26.6% following strong earnings and analyst upgrades [36] - Silicon Motion Technology Corp. (NASDAQ:SIMO) has a potential upside of 41.89%, driven by its new power-efficient SSD controller [37]

High-rolling investors have positioned themselves bearish on ON Semiconductor (NASDAQ:ON), and it's important for retail traders to take note.\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in ON often signals that someone has privileged information.Today, Benzinga's options scanner spotted 19 options trades for ON Semiconductor. This is not a typical pattern.The sentiment ...

I am a full-time analyst interested in a wide range of stocks. With my unique insights and knowledge, I hope to provide other investors with a contrasting view of my portfolio, given my particular background.If you have any questions, feel free to reach out to me via a direct message on Seeking Alpha or leave a comment on one of my articles.Analyst’s Disclosure:I/we have a beneficial long position in the shares of ON either through stock ownership, options, or other derivatives. I wrote this article myself, ...

Investment Rating - The report maintains a positive stance on the analog semiconductor sector, indicating a recovery in the automotive semiconductors market [2][7]. Core Insights - The automotive semiconductor market is projected to experience a revenue decline of -5% YoY in 2025E, an improvement from the previous estimate of -7% YoY, with a subsequent growth of +11.6% in 2026E [4][23]. - Analog revenue growth has returned to positive levels, with Q3'25 showing a 5% YoY increase, and expectations for Q4'25 to grow by 11% YoY [3][4]. - AI is emerging as a growth driver, contributing 5-10% of revenues, with significant increases in AI-related revenues anticipated for major players [5]. Summary by Sections Automotive Semiconductors - The automotive semiconductor revenue is expected to decline by -5% YoY in 2025E, improved from -7% previously, and is projected to grow by +11.6% in 2026E [4][23]. - China’s automotive semiconductor demand is forecasted to grow by 9% YoY in 2025E, down from 21% in 2024, indicating a normalization trend [6][28]. Analog Semiconductors - Analog revenue growth has shown positive momentum, with Q3'25 revenue up 5% YoY, and projections for Q4'25 to grow by 11% YoY [3][4]. - Industrial revenues are expected to grow by 10.8% YoY in 2025E, with a forecast of +14.5% YoY for 2026E [4]. AI and Growth Drivers - AI is becoming a significant growth driver, with major companies like Infineon and TI reporting substantial increases in AI-related revenues [5]. - Infineon anticipates AI revenue to rise from $860 million in FY'25E to $1.7 billion in FY'26E [5]. Regional Insights - The report indicates that while China’s growth is moderating, it remains a key market, with expectations of 6% growth in 2026E compared to 8% for non-China regions [6][28]. - Year-to-date, China’s car volumes grew 13% YoY, with NEV (New Energy Vehicle) volumes up 31% YoY [6]. Sector Preferences - The report highlights a preference for analog semiconductors, which are currently trading at approximately 20x P/E for 2026E, compared to a 10-year average of 19x [7]. - Preferred stocks include TI, IFX, and Renesas, while ON and Melexis are rated Neutral [7].

Core Viewpoint - Nasdaq announced changes to the Nasdaq-100 index, with six companies being added and six companies being removed, effective December 22 [1] Group 1: Companies Added - The following six companies will be added to the Nasdaq-100 index: - Enliven Therapeutics - Ferrovia Group - Insmed - Monolithic Power Systems - Seagate Technology Holdings - Western Digital [1] Group 2: Companies Removed - The following six companies will be removed from the Nasdaq-100 index: - Biogen - CDW - GlobalFoundries - Lululemon Athletica - ON Semiconductor - The Trade Desk [1]

Core Insights - ON Semiconductor has transformed into a focused power and sensing company, emphasizing silicon carbide and high-voltage power devices, aligning with sectors like EV powertrains and industrial automation [1] Company Positioning - ON Semiconductor occupies a unique position between large competitors like STMicroelectronics and Infineon and smaller players like Wolfspeed, benefiting from U.S.-based manufacturing and vertical integration in silicon carbide [3] Strategic Advantages - The U.S.-based manufacturing footprint provides ON with a strategic edge as supply chain security becomes a priority for governments and OEMs, aligning with EV policies and CHIPS Act incentives [4] - Onshoring reduces geopolitical risks for customers and enhances long-term supply assurance, which in turn strengthens ON's pricing power and OEM relationships [7] Financial Outlook - With a market cap of approximately $22.5 billion, ON is projecting revenues of $6.3 billion in 2026 and $7 billion in 2027, alongside $2.9 billion in cash and $800 million in debt [8] - The company has authorized $6 billion for buybacks, suggesting an effective enterprise value of around $13 billion by the end of 2027 [8] - ON is trading at nearly 2x 2027 price-to-sales after buybacks, with a forward P/E of about 20x, expected to drop to roughly 13x by 2027, indicating potential for multiple expansion through execution [8]