Core Viewpoint - The global semiconductor market is expected to be dominated by AI, particularly in the data center sector, while demand for consumer electronics like PCs and smartphones remains stagnant [2][3]. Group 1: NVIDIA and AI - NVIDIA continues to emphasize its leadership in AI, with plans to launch the new product "Rubin" in 2026, potentially priced between $100,000 and $120,000 [4][6]. - The company is focusing on "physical AI" applications, which are essential for real-world implementations such as autonomous driving and robotics [6]. Group 2: TSMC's Market Position - TSMC's market share in the foundry business is projected to exceed 60% in 2024 and possibly 70% in 2025, maintaining its dominance in advanced process technologies [7]. - TSMC has begun mass production of 2nm technology, with Apple expected to be its first major customer [7]. Group 3: Intel's Manufacturing Challenges - Intel's manufacturing division is facing significant financial losses, with a reported $20 billion loss in the manufacturing sector for the fiscal year 2024, raising concerns about its long-term viability [8]. - Discussions about potential funding and management for Intel's manufacturing operations are ongoing, but no concrete plans have emerged [8]. Group 4: Semiconductor Market Growth - The global semiconductor market is forecasted to grow from $772.2 billion in 2025 to $975.5 billion in 2026, translating to approximately 151.2 trillion yen [11]. - Japan's semiconductor industry is at risk of declining market share, potentially falling below 5% due to rapid global market growth driven by AI [11]. Group 5: DRAM Market Dynamics - The DRAM market is experiencing volatility due to increased demand from AI applications, with contract prices rising sharply [16]. - There are concerns that aggressive investments in DRAM production could lead to a market downturn in the latter half of 2026 [16]. Group 6: Emerging Competitors - Chinese power device manufacturers are gaining competitiveness, with a significant portion of the market share in power devices expected to shift towards them [17]. - The potential for oversupply in the power device market is a risk that needs monitoring as demand dynamics evolve [17]. Group 7: Nexperia's Market Position - Nexperia holds a 20% market share in the small signal transistor market, with over 50% of its revenue coming from the automotive sector, indicating potential vulnerabilities [19]. Group 8: TSMC's Expansion in Japan - TSMC's expansion in Japan is becoming increasingly important, with plans to introduce advanced process nodes in its facilities, despite current underutilization of existing capacity [20].