← All research
TraderMagz Research

Semicap & Foundry

Every TraderMagz research note on Semicap & Foundry — thesis, what is priced in, and the live terminal state.

All 6 Semicap & Foundry 1 Retail Brokerage & Tokenization 1 AI Infrastructure 1 AI Power & Nuclear 1 AI Memory 1 Retail L2s & Launchpads 1
Semicap & Foundry 12 min read

The Wafer Makers: TSMC, ASML, Lam, Marvell and Arm

Everyone owns AI through GPUs, and the companies that actually make the chips have rerated too, but very unevenly. We run a reverse-DCF across TSMC, ASML, Marvell, Lam and Arm and find the purest choke point priced for the slowest growth, while Arm is priced for a decade of perfection.

TSM ASML LRCX MRVL