March, 2024 Update

After publishing my Deep Dive on AppFolio, I have started studying the semiconductor industry. It didn't take me too long to understand that this is one of the more challenging areas for a generalist like me to get up to speed quickly. As a result, I have decided to take this month just to study the overall industry-the basics, the historical background of the industry, and the overall semiconductor value chain.

Given that context, instead of publishing a Deep Dive on a company, I would like to publish a Primer on Semiconductor later this month (tentative date: March 26, 2024) . Even with ten days of study, I can already sense that generalists like me cannot hide away from semiconductor for too long. While in the past one could perhaps own many of the big tech companies without understanding semiconductor, it does seem that those days are perhaps already behind us.

Following the Primer, I would like to do a couple of company Deep Dives on Semiconductor industry. They are most likely going to be Texas Instruments (April, 2024), and TSM (May, 2024). I plan on doing a few non-tech Deep Dives after that and then eventually come back to semiconductor again in the latter half of the year when I would like to cover Nvidia and AMD. Even beyond 2024, I expect myself to cover 2-4 companies per year from semiconductor industry in the next 3-5 years.

If you are a new subscriber, I just want to highlight that you can access all the past 44 Deep Dives, including their financial models, here.

Thanks to your support, I can afford to take the time to study anything I want. I appreciate it so very much!