VLSIresearch has awarded Samsung Semiconductor it’s highest credit rating in a recent series of reports titled TMC: Total Memory Catastrophe.
VLSI’s TMC series provides an analysis of the health and survivability of memory suppliers. “We started this series because the failure of credit markets is driving semiconductor companies to look to their suppliers for credit,” said Risto Puhakka, President of VLSI Research Inc. “Equipment suppliers asked us to create an analytical method to evaluate which customers they should extend credit to that was independent of them but comprehended the workings of the memory chip market.” The table below shows the companies ranked by rating.
Memory Suppliers' TMC Rating | |
Company | Rating |
Samsung Semiconductor | A- |
Toshiba | BBB |
Micron | BB+ |
Elpida | B+ |
Hynix | B |
Powerchip | DDD |
Promos | DDD |
Each company is rated on a series of metrics that focus solely on its memory operations. This includes VLSI’s analysis of COGS, Gross Margin, Operating Income, Depreciation, Cash Flow from operations, Monthly Cash Flows and Debt related to their memory operations.