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SemiWEEK: Stocks jumped

Read more: https://bit.ly/302LRao<br><br>Semiconductor sales finished 2Q20 with unprecedented weakness in June. Still, strength early in the quarter led to a 10% y/y gain. Memory closed out 2Q20 with strong double-digit growth. Logic was in the high single digits, while Analog and Power was down.

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SemiWEEK: Stocks jumped

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  1. Semiconductor WEEK: July 10, 2020 An overview of results and conclusions from recent reports at VLSI Chip Market Research Services Order activity edged higher but overall visibility remains low • Order activity for semiconductor equipment hovered at a warm 76 degrees • Production and Capacity Plan Semiconductor Analytics Semi Market results from last week: Semiconductor sales finished 2Q20 with unprecedented weakness in June Semiconductor Sales Nowcast: 2Q20/2Q19 2Q20 slid to +10% – Semiconductor Weather1Report: Warmed to Sunny – IC Supply-Demand2Metrics: Tight – Electronics Price Trend: WAHE Bump Rolling Over Overall Semi Sales Status Trend: Peaked: Mar 18 Cold with Dark Clouds: Sep 18 Freezing: Nov 18 Frozen: Jan 19 Freezing: Mar 19 Cold: May 19 Cool: July 19 Temperate: Oct 19 Sunny: Nov 19 Warm: Dec 19 Flu Chills: Feb 28 WAHE Spring: Mar 25 WAHE Sputters: Jun 5 Customer Satisfaction Survey White Paper: Technoprobe prevails as top probe card supplier Chip History Center People: Early 2000s, a team began to develop the first functional wafer fab AI decision making system under the leadership of Gary Heerssen… Thomas Sonderman discusses Automated Precision Manufacturing… Dick Deininger discusses Advanced Process Control technology in wafer fabs in this 2003 interview series… The Chip Insider Strategy and Tactics: VLSI 2020 Symposium and COVID Semiconductor Stocks • Semiconductor Stock Index was led up 5.5% by JCET • Semiconductor Equipment Stock Index was led up 4.8% by ASM Pacific Technology • EDA Stock Index was led up 1.7% by Cadence • Electronics Materials Stock Index was led up 0.9% by SOITEC • Hottest Stocks: JCET, SMIC, MaxLinear, ASM Pacific Technology, Advantest, Infineon VLSIresearch … intelligence to make better decisions faster Copyright © 2020 VLSI Research Inc. All rights reserved. Distribution rights contained in T&Cs.

  2. prevails as top probe card supplier VLSIresearch Customer Satisfaction Survey 2020 Click for White Paper VLSIresearch … intelligence to make better decisions faster Copyright © 2020 VLSI Research Inc. All rights reserved. Distribution rights contained in T&Cs.

  3. Technoprobe awarded RANKED 1st Supplier in Test Subsystems Technoprobe, a world leader in advanced probing solutions, earns RANKED 1stTest Subsystems Supplier for a third year Customers honor Technoprobe with 5 VLSI Stars Technoprobe is the fastest growing large probe card supplier focused on customer satisfaction – success is driven by quality, innovation, and people – exceptional customer satisfaction shows customer appreciation • • • Click for White Paper VLSIresearch … intelligence to make better decisions faster 3 Copyright © 2020 VLSI Research Inc. All rights reserved. Distribution rights contained in T&Cs.

  4. How Customers Perceive Technoprobe • Technoprobe excels in all areas with a rating of 9.6 and greater in all 12 categories • Increases Field Engineering Support rating by 10 basis points to a phenomenal 9.9 • Earns average rating of 9.7 across the categories in Customer Service • Highest scores* – field engineering support – application support – recommend supplier – technical leadership *Listed in order of rating Click for White Paper VLSIresearch … intelligence to make better decisions faster 4 Copyright © 2020 VLSI Research Inc. All rights reserved. Distribution rights contained in T&Cs.

  5. The Chip Insider®'s Graphics File June 2020 Order activity edged higher but overall visibility remains low Order activity for semiconductor equipment hovered at a warm 76 degrees Memory jumped by another point to 77 degrees, while the other segments finished nearly flat in what was a relatively quiet week Both IC and Equipment markets have been very resilient in the midst of the global pandemic Although the prospects of the industry in Q3 appear to be on the right track, the outlook for Q4 remains highly uncertain with a lot of downside bias due to rising cases of COVID-19 in the U.S. The positive is that VLSI’s Chip Price Performance Index started July on a low note • • • • This issue contains the latest forecast. • VLSIresearch … intelligence to make better decisions faster Call us to access more details Copyright © 2020 VLSI Research Inc. All rights reserved. Distribution rights contained in T&Cs.

  6. The Chip Insider®Graphics Production and Capacity Plan: • IC production is trending higher Production and Capacity Plan: chart gives rolling averages for semiconductor production, currently active capacity and current plus planned capacity in millions of square inches of silicon wafers. VLSIresearch … intelligence to make better decisions faster Copyright © 2020 VLSI Research Inc. All rights reserved. Distribution rights contained in T&Cs.

  7. VLSI's Current Forecast Forecast as of June 2020: Semi Equipment ($B): Sequential Change Capacity Utilization: ICs ($B): Sequential Change IC Units (BU): Sequential Change Electronics ($B) : Sequential Change 2021 88.1 $ 6.5% 92.5% 408.6 $ 13.8% 334.4 11.0% 2,208 $ 9.3% 2019 77.0 $ -8.0% 84.6% 352.3 $ -13.4% 299.4 -6.0% 2,122 $ -2.0% 2020 82.7 $ 7.3% 89.6% 359.2 $ 2.0% 301.2 0.6% 2,020 $ -4.8% Severe COVID-19 impact in 2H20, recovery 2021 Forecast as of June 2020: Semi Equipment ($B): Sequential Change ICs ($B): Sequential Change IC Units (BU): Sequential Change Electronics ($B) : Sequential Change 2021 88.1 $ 23.8% 408.6 $ 22.0% 334.4 18.9% 2,208 $ 17.1% 2019 77.0 $ -8.0% 352.3 $ -13.4% 299.4 -6.0% 2,122 $ -2.0% 2020 71.2 $ -7.6% 334.9 $ -4.9% 281.1 -6.1% 1,885 $ -11.2% VLSIresearch … intelligence to make better decisions faster Copyright © 2020 VLSI Research Inc. All rights reserved. Distribution rights contained in T&Cs.

  8. Semiconductor Analytics Last Week in the Semiconductor Market: Semiconductor sales finished 2Q20 with unprecedented weakness in June. Still, strength early in the quarter led to a 10% y/y gain. Memory closed out 2Q20 with strong double- digit growth. Logic was in the high single digits, while Analog and Power was down. W/W: Week-over-Week sequential growth W/Q: Week-over-Quarter W/Y: Week-over-Year Semiconductor Sales Nowcast: 2Q20/2Q19 2Q20 slid to +10% Semiconductor Weather1Report: 76˚ F Warmed to Sunny IC Supply-Demand2Metrics: Tight Foundry and OSAT in Shortage Electronics Pricing Trend: WAHE Bump Rolling Over Thank you for supporting us through this last issue of 2018. Semiconductor Analytics will return January . Overall Semi Sales Status Trend: Peaked: Mar 18 Cold with Dark Clouds: Sep 18 Freezing: Nov 18 Frozen: Jan 19 Freezing: Mar 19 Cold: May 19 Cool: July 19 Temperate: Oct 19 Sunny: Nov 19 Warm: Dec 19 Flu Chills: Feb 28 WAHE Spring: Mar 25 WAHE Sputters: Jun 5 1: Measures Order Activity 2: Measures Pricing Power VLSIresearch … intelligence to make better decisions faster 8 Copyright © 2020 VLSI Research Inc. All rights reserved. Distribution rights contained in T&Cs.

  9. 2020 Semiconductor Market Drivers Integrated Circuit sales are weakened with the end of phase 1 of the WAHE: • Certainties: – Coronavirus Pandemic infected economies – Governments ending economic defibrillation with cash – World’s Economy saved by Semiconductors • WAHE (Work-At-Home Economy) to have 3 Phases – 5/7nm demand ramps • Uncertainties: – Coronavirus resurgence – U.S.-China Trade War – China-India Tensions – 2020 Elections in U.S. VLSIresearch … intelligence to make better decisions faster 9 Copyright © 2020 VLSI Research Inc. All rights reserved. Distribution rights contained in T&Cs.

  10. The Chip Insider® Strategy & Tactics Strategy and Tactics: VLSI 2020 Symposium and COVID Summaries: Coronavirus Watch: I recently found myself in some arguments with family members who had picked up really wrong ideas on Coronavirus data and the collection of it from social media sites that seek to dismiss the danger of this disease and frame as a political and personal rights issue. Now I did not want to get into the political issue, because this is personal. But I did want to fact check the points being made to see if they were true and arm myself for next week’s American Independence Holiday weekend. So, I did what I do with data. Anyway, I thought I would share them with you, as I am sure you’ve run into others who have been swayed by these social media sites. I know it’s not normal Chip Insider material, but it will arm you for discussions that may come up around the barbeque grill next weekend. VLSI 2020 Symposium: Normally held in Hawaii, VLSI 2020 showed how participation could zoom up when the travel barrier is removed — plus lowering prices. There was an increase in registrations. The IEEE also had record submissions to the Technology side of the conference… This indicates that research action is shifting from circuits to technology. And the technology focus is on finding ways to improve PPAC (Power, Performance, Area, and Cost). Once in the conference some interesting trends could be seen. First, and least surprising, was that work in nanoribbon GAAs as a replacement for tri-gate FinFETs was hot. Kangguo Cheng of IBM presented … The Last Wavelength: An emergent trend I saw was researchers appear to be … the plenary from Mike Mayberry of Intel had all the ingredients of a great plenary. delivered by laying out a new Cost-of- Ownership problem for our industry… “Intelligence is quickness in seeing things as they are” — George Santayana Contact us to get the full report and more VLSIresearch … intelligence to make better decisions faster Copyright © 2020 VLSI Research Inc. All rights reserved. Distribution rights contained in T&Cs.

  11. www.chiphistory.org People: In the early 2000s, a visionary team began to develop the first functional wafer fab AI decision making system under the leadership of one of the industry’s greatest manufacturing legends, Gary Heerssen. The team’s lineage was from TI’s and IBM’s fully automated fabs built in the seventies and eighties. They took the lessons they learned there to build a system that would enable them to compete against companies with five times their resources. The system they built was composed of 3 parts: advanced process control, integrated production scheduling, and yield management systems to keep a fab operating efficiently. Here are some video conversations about what they accomplished and where they were going: Originally taped in 2004, Thomas Sonderman discusses Automated Precision Manufacturing and how it allows a company to compete effectively in the semiconductor industry. The interview covers the IT needs in semiconductor manufacturing. Dick Deininger discusses Advanced Process Control technology in wafer fabs in this 2003 interview series. He also expands on how their partnership with IBM was helping them compete more effectively: Dick Deininger on Advanced Process Control Where is APC used? Joint Process Development with IBM Content approved for public release with attribution. Copyright © 2017 VLSI Research Inc. All rights reserved.

  12. semiStockWEEK: VLSI's Semiconductor Stock Indices grew this week with three of the indices hitting a new yearly high. Semiconductors +6%, Equipment +5%, EDA +2%, Electronic Materials +1%. VLSIresearch … intelligence to make better decisions faster Copyright © 2020 VLSI Research Inc. All rights reserved. Distribution rights contained in T&Cs.

  13. Semiconductor Stocks: Weekly Growth and Forward P/E Ratios by Company VLSI’s Semiconductor Stock Index was led up 5.5% by JCET followed by SMIC, MaxLinear, and Infineon. IDM +1.4% Foundry & OSAT +10.2% Fabless & Fablite +4.8% Weekly Gains 7/10/2020 Price Change Price Change Semiconductor Stocks Semiconductor Stocks Forward P/E Forward P/E IDM Fab-lite to Fabless Intel Micron ON Semiconductor 0.7% 1.7% 6.8% 12 11 17 AMD Analog Devices Broadcom 37 25 13 6.8% 2.7% 1.3% AMD AMDAnalog Devices ADIAmkorAMKR ASE ASXBroadcom AVGOIBMIBM Infineon IFNNY.PK Intel INTCJCET600584.SS Kingpak Technology6238.TWO Micron Technology MU On Semiconductor ONPanasonic PC MagnaChip Semiconductor MXMaxim MXIM MaxLinear MXLMediaTek 2454.TW NVIDIA NVDAQualcomm QCOM Samsung Electronics 005930.KS Silicon Laboratories SLABSkyworks SWKS SMIC SMI STMicroelectronics STM Texas Instruments TXNTSMC TSMUMC UMCWestern Digital WDCXilinx XLNX Samsung Electronics SK hynix STMicroelectronics Western Digital Foundry & OSAT Amkor ASE JCET Kingpak Technology -1.7% -3.0% 5.9% -0.3% IBM Infineon MagnaChip Semiconductor Maxim MaxLinear MediaTek NVIDIA Panasonic Qualcomm -1.1% 9.6% 0.5% 6.1% 18.2% 5.3% 9.0% 3.2% 0.7% 10 23 13 29 31 – 42 11 16 – 23 7 -0.7% -1.4% 39.8% 0.0% 16 12 149 – SMIC TSMC UMC 4125 21 14 Silicon Laboratories Skyworks Texas Instruments Xilinx 4.2% 2.2% 3.8% 4.0% 31 20 27 29 24.1% 8.9% 0.4% VLSIresearch … intelligence to make better decisions faster Copyright © 2020 VLSI Research Inc. All rights reserved. Distribution rights contained in T&Cs.

  14. Chip Equipment & Related Stocks: Weekly Growth and Forward P/E Ratios by Company VLSI’s Semiconductor Equipment Stock Index was led up 4.8% by ASM Pacific Technology followed by Advantest. WFE +3.0% Test +4.5% Assembly +9.0% Weekly Gains 0 7/10/2020 Price Change Price Change Equipment Stocks Equipment Stocks Forward P/E Forward P/E Wafer Process: Applied Materials ASM International ASML KLA Lam Research Onto Innovation Nikon Test: Advantest Teradyne FormFactor 2.6% 7.4% 6.1% 2.9% 5.0% 3.9% -5.2% 15 26 35 20 19 – – 10.0% 3.3% 0.3% – 24 24 Applied Materials AMAT Advantest ATEYY ASM International ASMI ASM Lithography ASML ASM Pacific 0522.HK BE Semiconductor BESIY.PK FormFactorFORMKLA KLAC Kulicke & Soffa KLIC Lam Research LRCX Onto Innovation ONTONikon 7731 Teradyne TER Tokyo Electron Limited 8035 Veeco VECO Assembly: BESI Kulicke & Soffa 1.7% 7.3% – 14 TEL Veeco Instruments 3.1% 1.5% ASM Pacific Technology 18.1% – 14 VLSIresearch … intelligence to make better decisions faster Copyright © 2020 VLSI Research Inc. All rights reserved. Distribution rights contained in T&Cs.

  15. Electronic Materials Stocks: Weekly Growth and Forward P/E Ratios by Company Weekly Gains 7/10/2020 VLSI’s EDA Stock Index was led up 1.7% by Cadence. Price Change Price Change 0.7% -2.8% 2.3% -0.5% 8.0% 1.4% EDA & Electronic Materials Stocks Forward P/E EDA & Electronic Materials Stocks Forward P/E VLSI’s Electronics Materials Stock Index was led up 0.9% by SOITEC. EDA Cadence Synopsys Electronic Materials BASF Cabot Microelectronics DNP DuPont de Nemours JSR Shin-Etsu SOITEC Tokyo Ohka – 3 – – – – 3.2% 0.2% 38 33 BASF BASFY Cadence CNDS DNP 7912 JSR 4185 SOI.PA Synopsys SNPS Cabot Microelectronics CCMP DuPont DD Shin-Etsu 4063 SOITEC Tokyo Ohka 4186 -0.1% -2.1% 2 19 VLSIresearch … intelligence to make better decisions faster Copyright © 2020 VLSI Research Inc. All rights reserved. Distribution rights contained in T&Cs.

  16. Companies Companies Max Growth Weekly Growth VLSI’s Indices of Chip Industry Stocks Min Growth Range of S&P 500 S&P 500 The Prior Week's Close Growth Growth Down Up Semi Stocks Equipment Stocks Materials Stocks EDA Stocks Semi Stocks Equipment Stocks Materials Stocks EDA Stocks 06-Dec-19 13-Dec-19 20-Dec-19 27-Dec-19 03-Jan-20 10-Jan-20 17-Jan-20 24-Jan-20 31-Jan-20 07-Feb-20 14-Feb-20 21-Feb-20 28-Feb-20 06-Mar-20 13-Mar-20 20-Mar-20 27-Mar-20 03-Apr-20 10-Apr-20 17-Apr-20 24-Apr-20 01-May-20 08-May-20 15-May-20 22-May-20 29-May-20 05-Jun-20 12-Jun-20 19-Jun-20 26-Jun-20 03-Jul-20 10-Jul-20 92.6 96.7 99.2 100.0 100.3 101.5 104.7 106.1 98.4 102.5 106.5 103.7 93.1 91.8 81.1 69.6 78.3 77.1 85.6 89.1 88.7 89.1 94.8 91.4 95.1 97.4 106.2 100.7 103.3 103.0 106.8 112.7 94.7 98.0 99.9 100.0 100.2 100.9 104.8 105.1 98.4 101.3 106.6 99.3 90.4 91.0 78.3 65.2 78.7 73.4 84.0 88.4 86.1 83.9 91.9 87.1 89.8 91.0 101.6 96.7 101.8 100.2 104.5 109.5 95.5 100.0 100.1 100.0 98.9 99.2 101.0 100.5 96.0 100.4 101.0 98.1 85.5 84.8 71.0 67.0 76.6 72.6 82.6 82.7 82.5 85.0 88.4 86.8 89.7 94.9 100.1 95.7 96.2 96.1 98.2 99.0 95.5 96.9 99.6 100.0 100.5 104.7 106.4 107.8 103.8 107.2 114.2 106.4 96.2 95.1 90.7 78.4 88.7 89.9 99.7 111.3 111.9 107.5 115.9 115.1 122.3 129.5 130.3 127.8 131.2 134.7 140.1 142.5 1.8% 4.5% 2.6% 0.8% 0.3% 1.2% 3.2% 1.3% -7.3% 4.2% 3.9% -2.6% -10.2% -1.5% -11.6% -14.2% 12.6% -1.6% 11.1% 4.0% -0.4% 0.5% 6.4% -3.6% 4.0% 2.4% 9.0% -5.2% 2.6% -0.3% 3.7% 5.5% 1.1% 3.5% 1.9% 0.1% 0.2% 0.7% 3.9% 0.3% -6.3% 2.9% 5.3% -6.9% -8.9% 0.6% -13.9% -16.7% 20.6% -6.7% 14.5% 5.2% -2.6% -2.6% 9.6% -5.3% 3.1% 1.4% 11.6% -4.8% 5.3% -1.6% 4.2% 4.8% -1.2% 4.7% 0.1% -0.1% -1.1% 0.2% 1.8% -0.5% -4.5% 4.6% 0.6% -2.8% -12.9% -0.7% -16.3% -5.7% 14.4% -5.3% 13.8% 0.2% -0.2% 3.1% 3.9% -1.8% 3.3% 5.8% 5.5% -4.4% 0.5% -0.1% 2.2% 0.9% -4.6% 1.5% 2.7% 0.4% 0.5% 4.2% 1.7% 1.3% -3.8% 3.3% 6.5% -6.9% -9.5% -1.2% -4.6% -13.6% 13.1% 1.4% 10.9% 11.7% 0.6% -4.0% 7.8% -0.7% 6.3% 5.9% 0.6% -2.0% 2.7% 2.7% 4.0% 1.7% 33 48 39 29 23 32 45 29 3 45 47 6 0 18 0 3 52 14 54 41 17 27 52 10 42 43 50 6 46 20 50 43 8.2% 10.7% 12.5% 5.9% 9.5% 7.2% 19.1% 14.9% 2.2% 21.4% 27.5% 4.5% -0.8% 7.9% -2.1% 15.3% 36.1% 17.4% 38.2% 17.0% 9.2% 19.1% 31.0% 16.8% 13.5% 14.6% 22.6% 1.4% 18.2% 24.9% 16.3% 39.8% -19 -3 -13 -23 -24 -22 -10 -25 -51 -10 -8 -49 -55 -35 -55 -52 -3 -41 -1 -10 -37 -28 -3 -45 -12 -12 -4 -47 -8 -34 -3 -11 -4.8% -1.4% -8.4% 2.7% -3.4% -4.8% -3.8% -10.8% -17.7% -11.7% -10.0% -17.1% -21.3% -11.0% -26.6% -28.9% -11.7% -15.1% -2.3% -6.1% -9.8% -11.9% -2.4% -21.1% -11.7% -3.2% -3.6% -13.3% -5.1% -12.0% -3.9% -5.2% 13.0% 12.1% 20.9% 8.6% 12.9% 12.0% 22.9% 25.7% 19.9% 33.1% 37.5% 21.6% 20.5% 18.9% 24.5% 44.2% 47.8% 32.5% 40.5% 23.1% 19.0% 31.0% 33.4% 37.9% 25.2% 17.8% 26.2% 14.7% 23.3% 36.9% 20.2% 45.0% 97.1 97.8 99.4 100.0 99.8 100.8 102.8 101.7 99.5 102.7 104.3 103.0 91.2 91.7 83.7 71.1 78.4 76.8 86.1 88.7 87.6 87.4 90.4 88.4 91.2 94.0 98.6 93.9 95.6 92.9 96.6 98.3 0.2% 0.7% 1.7% 0.6% -0.2% 0.9% 2.0% -1.0% -2.1% 3.2% 1.6% -1.3% -11.5% 0.6% -8.8% -15.0% 10.3% -2.1% 12.1% 3.0% -1.3% -0.2% 3.5% -2.3% 3.2% 3.0% 4.9% -4.8% 1.9% -2.9% 4.0% 1.8% VLSIresearch … intelligence to make better decisions faster Copyright © 2020 VLSI Research Inc. All rights reserved. Distribution rights contained in T&Cs.

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