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Robert Castellano

 
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  • What's The Real Future For Semiconductors In Wearables?
    Tue, Jan. 20 ADI, BRCM, FCS 4 Comments

    Summary

    • The healthcare industry is one of the biggest opportunities for wearables.
    • Sales of wearables that are merely a WOW factor will level off over the next few years.
    • Semiconductor revenues will reach $9 billion in 2019, led by wearable devices in the healthcare sector.
  • Large Semiconductor Equipment Manufacturers Losing Market Share To Smaller Companies
    Dec. 9, 2014 AMAT, KLAC, LRCX Comment!

    Summary

    • Hitachi High-Technologies, one-sixth the size of Applied Materials, will outgrow the company by more than two times in 2014 in the plasma etch sector.
    • Hitachi High-Technologies, nearly one-third the size of KLA-Tencor, will outgrow the company by nearly fifteen times in 2014 in the metrology/inspection sector.
    • These smaller companies have developed a strategy of aligning with customer needs.
  • Fragmentation In The 3D Printing Industry Will Augment Its Growth
    Nov. 18, 2014 SSYS, DDD, HPQ 5 Comments

    Summary

    • Fragmentation in the 3D printing industry will get worse because there are no real barriers to entry and already too much competition.
    • The increasing number of material and printer suppliers will erode margins for Stratasys and 3D Systems.
    • Hewlett-Packard has an opportunity to lead the printer market if it chooses not to adopt a proprietary materials strategy.
  • Air Products Needs To Keep Its Electronics Business, But...
    Nov. 5, 2014 APD 2 Comments

    Summary

    • In September 2014, Air Products and Chemicals announced a major company restructuring, with the goal of regaining industry leadership that it had about 20 years earlier.
    • New CEO Mr. Seifi Ghasemi stated that APD needs to change its corporate culture and make better investment decisions.
    • Mr. Ghasemi said he plans to decentralize the Allentown, Pennsylvania-based company's decision-making to improve its entrepreneurial capabilities.
  • 450MM Semiconductor Wafer Manufacturing Stalled, And Applied Materials The Biggest Loser
    Jul. 22, 2014 AMAT 9 Comments

    Summary

    • The pushout of 450mm wafer chip production will have a large impact on Applied Material's sales over the next 3 years.
    • Applied Materials spent $444 million in Research, Development and Engineering costs in 1997-1999 that was never recaptured plus scrapped nearly $1 billion in equipment.
    • In 2012-2013, Applied spent $572 million in RD&E costs that will never be recaptured, and more than $1 billion in equipment that will not be counted as future revenue.
  • Applied Materials Drops In Liquid Crystal Display Equipment Rankings
    Jul. 15, 2014 AMAT 3 Comments

    Summary

    • Applied Materials and Tokyo Electron lost market share in 2013 in the liquid crystal display (LCD) equipment market.
    • There is upside to the LCD market but it faces increased competition from organic light emitting diodes (OLEDs).
    • LG Display is the clear market share leader in the LCD market.
  • Applied Materials' Spin Continues To Mislead Investors
    Jun. 10, 2014 AMAT 3 Comments

    Summary

    • Applied Materials' S-4 and Prospectus is filled with information that could mislead investors.
    • Technical and economic factors affecting Applied Materials have been overlooked or ignored.
    • Applied Materials' pattern of spin and mis-information suggests management's disclosures should be re-visited by analysts and investors.
  • Applied Materials Slides To Fourth Place In The Solar Equipment Market
    May. 28, 2014 AMAT 3 Comments

    Summary

    • Applied Materials, once the market leader in photovoltaic (solar) equipment, continues to drop in share.
    • Shipments of solar modules reached 37 GigaWatts in 2013, an increase of 23.7%.
    • Yingli remained the leader in shipments for 2013 with 3.25 GigaWatts of solar modules shipped, representing a market share of nearly 9%.
  • What Applied Materials Didn't Say That Made Its Stock Pop
    May. 21, 2014 AMAT 4 Comments

    Summary

    • Technical and economic factors affecting Applied Materials have been overlooked or ignored.
    • The next six months will negatively impact the industry and Applied Materials from 3D chip pushouts and a slowdown in the global economy.
    • Market share gains by Applied Materials in 2013 were largely a factor of the strong yen, which won't be repeated in 2014.
  • Semiconductor Metrology / Inspection Equipment Market Still Can't Top Overall WFE Equipment Market
    May. 13, 2014 AMAT, FEIC, KLAC 2 Comments

    Summary

    • KLA-Tencor dominates the Metrology/Inspection market amid a slowdown as the sector braces for delays from leading semiconductor manufacturers.
    • The Metrology/Inspection market, despite needs to measure defects in chips, only registered revenue growth greater than the overall equipment market only four times in 13 years.
    • Chip production is ramping up for 20 nanometer foundry and 14 nanometer logic, requiring a further need for metrology/inspection equipment.
  • Applied Materials Negatively Impacted In A Big Way By 3D Chip Pushouts
    May. 6, 2014 AMAT 1 Comment

    Summary

    • KLA-Tencor's stock got slammed this week over 3D chip push outs.
    • Applied Materials sells competing equipment in the same 3D chip market.
    • Applied Materials sales of etch and deposition equipment in the 3D market is an even bigger market.
  • The Semiconductor Equipment Market Really Didn't Decrease 14 Percent In 2013, Did It?
    Apr. 16, 2014 AMAT, ASML, KLAC Comment!

    Summary

    • SEMI and Gartner reported the semiconductor industry dropped 14 percent and 11.5 percent, respectively, in 2013.
    • Those statements don't accurately reflect the current state of the semiconductor equipment industry.
    • In real terms, the semiconductor equipment industry decreased only 4 percent.
  • Will Flash Memory Spell The End Of The Hard Disk Drive (HDD) Industry?
    Jan. 28, 2014 FIO, GOOG, IBM 12 Comments
  • After The AZ Electronics Acquisition, Will ATMI Be Next? Think Applied Materials
    Dec. 16, 2013 ATMI, AMAT 2 Comments
  • Mainland China's Semiconductor Boom
    Oct. 23, 2013 INTC, TXN, STM 1 Comment
  • Strong Q2 And Q3 Expected For Semiconductor Equipment Companies
    Jun. 26, 2013 AMAT, ASMI, ASML Comment!
  • ASML, KLA-Tencor, And Lam Research To Benefit From 450mm Wafer Transition
    Jun. 24, 2013 AMAT, ASML, INTC 1 Comment
  • Applied Materials Loses Top Spot In Solar Equipment Market
    Jun. 12, 2013 AMAT 3 Comments
  • Applied Materials Fared The Worst Of Any Major U.S. Equipment Supplier In 2012
    Jun. 5, 2013 AMAT 4 Comments
  • Semiconductor Equipment Companies That Are Hot Or Lukewarm
    May. 23, 2013 AMAT, ASML, HICTF 2 Comments
  • Room For Growth In Semiconductor And Semiconductor Equipment In 2013
    May. 14, 2013 AMAT, ASML, IHS Comment!
  • Applied Materials Is Wrong As The Semiconductor Equipment Market Can Grow 10% In 2013
    Dec. 6, 2012 AMAT, INTC, UMC 3 Comments
  • Semiconductor Industry May Record Only 1.5% Growth In 2013
    Oct. 17, 2012 AAPL, AMD, ARMH 3 Comments
  • Semiconductor Equipment Revenues Should Be Down At Least 10% In 2012
    Sep. 12, 2012 AMAT, ASML, KLAC Comment!
  • Silicon Wafers Will Weigh Down Semiconductor Materials Market In 2012
    Editors' Pick • Sep. 11, 2012 APD, CCMP, DOW Comment!
  • Semiconductor Industry Will Stay In The Red For All Of 2012
    Aug. 14, 2012 INTC 3 Comments
  • Competition Scene For Semiconductor Equipment In Wake Of Lam-Novellus Merger
    Jun. 6, 2012 LRCX 1 Comment
  • Applied Materials Remains Atop The Solar Equipment Market
    May. 31, 2012 AMAT, STP, CSUN 1 Comment
  • KLA-Tencor And Applied Materials Will Benefit From Yield Problems At Semiconductor Foundries In 2012
    May. 15, 2012 AMAT, KLAC, NVDA 1 Comment
  • Can Novellus Reinvigorate Lam Research?
    May. 2, 2012 LRCX Comment!
  • When Will Semiconductor Revenues Stop Dropping?
    Apr. 10, 2012 INTC, TSM, TXN 2 Comments
  • Is ASML Unbeatable?
    Apr. 3, 2012 ASML 3 Comments