✅ Global Semiconductor Sales in 2023 -8.8% YoY When will Samsung Electronics be able to properly keep up?

1️⃣ Global semiconductor industry’s sales decline 📉
In 2023, sales in the global semiconductor industry fell 8.8% due to a slowdown in corporate and consumer spending. As a result, the overall semiconductor sales ranking for 2023 has also undergone a major shift. Samsung’s declining memory sector and sluggish smartphone business have caused changes, with Intel reclaiming the top spot from Samsung.

2️⃣ Positive impact of AI 👍
AI delivered positive news to the semiconductor industry. Especially in the second half of the year, it emerged as a key content and revenue generator. NVIDIA was the biggest beneficiary, and AMD also plans to grow its AI-related business.

3️⃣ Semiconductor market trends in 2023 🔍
2023 was a year when semiconductor companies adjusted their strategies and outlooks and managed inventory adjustments in preparation for the AI boom. Only six of the world’s top 20 semiconductor suppliers saw year-on-year sales growth, especially in the memory sector, which suffered strong headwinds. In addition, the top 20 global semiconductor suppliers accounted for 71% of the market.

4️⃣ Decline in sales of major companies 📉
Intel regained the top spot in the 2023 semiconductor sales rankings, but sales fell 16% due to lower shipments in the PC and server sectors. Samsung was also heavily affected by DRAM and NAND sectors, which led to a 38% drop in sales. SK Hynix and Micron also reported significant sales declines of 33% and 36%, respectively.

5️⃣ AI adoption and market outlook 🚀
In 2023, Nvidia was in the spotlight for accelerating the adoption of AI. Along with its growth in the general-purpose GPU market, Nvidia ranked third in terms of revenue. In addition, the growth of artificial intelligence (AI) is expected to continue in 2024, and will also be a market driver due to content growth in the automotive sector. Biden administration officially suspends approval of new U.S. LNG export plants

✅Permission suspended: New plant permits temporarily suspended to examine the impact of LNG exports on climate change.

✅ Victory for environmental groups: This action is considered an important victory for environmental groups.

✅ Ministry of Energy’s review plan: Economic and environmental impact of LNG export projects to Europe and Asia will be reviewed.

✅Impacted projects: Immediate impact on the four projects currently being reviewed by the Department of Energy.

✅Review and opinion gathering period: Scheduled period of public opinion after months of review, likely to continue after the November 5 election.

✅Export capacity growth: Export capacity has tripled since 2018, and the U.S. has grown to become the world’s largest LNG exporter. Other Tesla issues, a summary of thoughts after 2023Q4 earnings and calls.

1. Tesla is a growing company, and I am investing in a growing company.
2. I hoped that wave1 through Model 3/Y would be followed by wave2 through the next generation platform (cheap EV). However, there was a gap of 2-3 years in the macro situation. Don’t be disappointed in this part. Because in extreme situations, Tesla escaped the frozen tunnel through a good strategy.
3. Tesla will break the egg shell and transform itself into a full robo-taxi platform and AI company by 2024-25. Whether it can stand this period is critical for investors. Maybe it can be a boring time.
4. The 4680 battery cell volume is said to not hamper the production of Cybertruck. He breathed a sigh of relief at this point.
5. We’re all focused on EVs and FSDs, and I think our eyes will shift to Optimus. I personally think it’s around 2030 when Optimus will be in the limelight. That’s because of the stability.
6. Auto-gross margin has bottomed out. To me, it sounds like it hit the bottom of the stock price. Unless something big happens, I think carefully that if the stock price trend is cleared up after this earnings call, it will stabilize along with the interest rate cut.
7. Tesla is doing so well, but in the end, what matters is my psychology and mind. Can it endure? Can it withstand.