Human-written opinions, AI deep dives, single-ticker research, and factor notes — all the analysis output in one place.
Cheongju fires, Korean concrete strike, Bechtel award, Pingtung groundbreaking, NHK's three hurdles — four countries hit the same wall in one week
Inside Q1's $36.5B billings, memory capex outran logic capex — TEL, Shin-Etsu, Bechtel, and CoPoS-2028 are all pricing the same decision
For two years this work read the chip supply chain as a sequence — Japan leading Taiwan, Taiwan leading Korea, a lag you could trade on. Testing it killed that idea. Then a wider look brought a different version of it back, with one catch: the cycle is still there, but right now it can't be read.
Korea's May print exposed the cycle as pure ASP; Micron's Bechtel EPC sign-off is the first US memory capex commitment underwritten almost entirely by price, not units.