Deutsche Bank-Thematic Research Semiconductors What to expect in 2024 in...-106504779

DeutscheBankResearchSemiconductors:Whattoexpectin2024in8slidesDistributedon:13/02/202411:02:05GMT#PositiveImpactMarionLaboure,Ph.D-ThematicResearchRossSeymore-EquityResearchmarion.laboure@db.comross.seymore@db.comMelissaWeathers-EquityResearchCassidyAinsworth-Grace-ThematicResearchmelissa.weathers@db.comcassidy.ainsworth-grace@db.comJohannesSchaller-EquityResearchjohannes.schaller@db.comIMPORTANTRESEARCHDISCLOSURESANDANALYSTCERTIFICATIONSLOCATEDINAPPENDIX1.MCI(P)041/10/2023.UNTIL19thMARCH12021INCOMPLETEDISCLOSUREINFORMATIONMAYHAVEBEENDISPLAYED7,PTL2EsASeE3Sr0EEOAtP6PkEwNDoIPXa1FORFURTHERDETAILS.CHARTBOOK:Semiconductors:Whattoexpectin2024in8slidesSincewepublishedourlastupdateinOctober(link),theUS-ChinaTimelineofrecenteventsinthesemiconductormarkethigh-techtensionshaveintensified.Mostnotably,ChinaisadvancingitschipmakingcapabilitiesdespitetighteningUSOct72022:USreleasesnewrules2022Jan27:JapanandtheNetherlandsrestrictions.prohibitingUScompaniesagreewiththeUStorestrictexportsJANYesterday,NvidiabrieflysurpassedAmazontobethe4thlargestexportingtechnology,softwareandofadvancedequipmenttoChina.fullylistedcompanyintheworld.Lastweek,itwasreportedthatequipmentusedinadvancedchips.2023SMIC,China’stopfoundry,isaimingtoleverageitsexistingstockofMar31:ChinalaunchescybersecurityUSandDutch-madeequipmenttoproduce5nmchipsthisyea...