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/ 135 posts
2-0-1 The Rise and Fall of Empires — IDM vs. Foundry: The Clash of Three Giants
Semiconductor
EDGE / / 17 minutes read

2-0-1 The Rise and Fall of Empires — IDM vs. Foundry: The Clash of Three Giants

In Silicon Valley's 30-year war, TSMC's 'servant philosophy' defeated IDM giant Intel and a conflicted Samsung. Intel fell to rigidity; Samsung to a trust crisis. TSMC built its moat by 'not competing with clients.' As Moore's Law slows, the fight shifted to advanced packaging (CoWoS). TSMC, via ...
1-2-2-4 Phison — The 'Storage Strategist' Mastering the Data Deluge
Semiconductor
EDGE / / 18 minutes read

1-2-2-4 Phison — The 'Storage Strategist' Mastering the Data Deluge

Phison, AI storage leader via NAND tech, launched aiDAPTIV+ (SSDs for DRAM) to tackle AI memory wall. Challenges Samsung in enterprise SSDs/retimers. 2026 NAND shortages + NVIDIA alliance forecast double EPS, revaluing it as AI architect.
1-2-2-3 Taiwan's Crab —— Realtek's Connectivity Strategy
Semiconductor
EDGE / / 20 minutes read

1-2-2-3 Taiwan's Crab —— Realtek's Connectivity Strategy

Realtek, the "mass-market tech" leader, dominates global PC audio/networking markets via extreme cost-performance & mixed-signal tech. It drives Wi-Fi 7 adoption, entered Tesla's supply chain with automotive Ethernet, and accessed NVIDIA via SSDs. Despite slowing 2026 growth, high ROE & 6% divide...
1-2-2-2 Novatek's 'Visual Hegemony' —— From Illuminating Pixels to Defining Reality
Semiconductor
EDGE / / 18 minutes read

1-2-2-2 Novatek's 'Visual Hegemony' —— From Illuminating Pixels to Defining Reality

Novatek's exclusive HV process/Demura algorithm builds tech moat, secures Apple supply chain. Amid red ocean competition, pivots hardware-driven to visual computing. Despite high dividend yield, future re-rating hinges on automotive, OLEDoS, ASIC breakthroughs. 2026 decisive for value transformat...
1-2-2-1 From 'Disruptive Innovation' to 'Defining the Future' — MediaTek's 27-Year Evolution
Semiconductor
EDGE / / 18 minutes read

1-2-2-1 From 'Disruptive Innovation' to 'Defining the Future' — MediaTek's 27-Year Evolution

MediaTek evolved 27 years: from "clone king" to AI compute armorer. Assembled key 5G, SerDes, PMIC. Dimensity full-big-core revived smartphones; NVIDIA auto partnership; Google TPU entry. 2026 ASIC boom re-rates valuation from mobile to AI compute giant, revaluation.
[Industry Capital Flow Weekly Report] 20260202 AI Structural Growth and Cyclical Value Revaluation Under the Barbell Strategy
Insight
EDGE / / 8 minutes read

[Industry Capital Flow Weekly Report] 20260202 AI Structural Growth and Cyclical Value Revaluation Under the Barbell Strategy

Our capital model detected a 'barbell' split this week: funds target AI advanced testing & 2nm supply chains for tech dividends, and into memory & substrates for low-base mean reversion. This reflects institutions balancing growth & safety margins. This issue analyzes the industry logic & key ROI...