# Ubs > Markdown twin of https://roboterminal.app/companies/ubs · https://roboterminal.app/companies/ubs.md ## On shared sources - [NVIDIA](https://roboterminal.app/companies/nvidia) (5) - [Google](https://roboterminal.app/companies/google) (4) - [Micron](https://roboterminal.app/companies/micron) (3) - [Samsung Electronics](https://roboterminal.app/companies/samsung) (3) - [Amazon](https://roboterminal.app/companies/amazon) (2) - [AMD](https://roboterminal.app/companies/amd) (2) - [Applied Materials](https://roboterminal.app/companies/applied-materials) (2) - [Intel](https://roboterminal.app/companies/intel) (2) - [Kioxia](https://roboterminal.app/companies/kioxia) (2) - [KLA](https://roboterminal.app/companies/kla) (2) - [Lam Research](https://roboterminal.app/companies/lam-research) (2) - [MediaTek](https://roboterminal.app/companies/mediatek) (2) - [Microsoft](https://roboterminal.app/companies/microsoft) (2) - [Oracle](https://roboterminal.app/companies/oracle) (2) - [SanDisk](https://roboterminal.app/companies/sandisk) (2) - [SK Hynix](https://roboterminal.app/companies/sk-hynix) (2) - [Amkor](https://roboterminal.app/companies/amkor) (1) - [Anthropic](https://roboterminal.app/companies/anthropic) (1) - [Apple](https://roboterminal.app/companies/apple) (1) - [AXT](https://roboterminal.app/companies/axt) (1) - [Bloom Energy](https://roboterminal.app/companies/bloom-energy) (1) - [Broadcom](https://roboterminal.app/companies/broadcom) (1) - [Firmus](https://roboterminal.app/companies/firmus) (1) - [FormFactor](https://roboterminal.app/companies/formfactor) (1) - [Ibiden](https://roboterminal.app/companies/ibiden) (1) - [JPMorgan](https://roboterminal.app/companies/jpmorgan) (1) - [Keysight](https://roboterminal.app/companies/keysight) (1) - [Marvell](https://roboterminal.app/companies/marvell) (1) - [Meta](https://roboterminal.app/companies/meta) (1) - [MKS](https://roboterminal.app/companies/mks) (1) - [Morgan Stanley](https://roboterminal.app/companies/morgan-stanley) (1) - [Nova](https://roboterminal.app/companies/nova) (1) - [Onto Innovation](https://roboterminal.app/companies/onto-innovation) (1) - [OpenAI](https://roboterminal.app/companies/openai) (1) - [SpaceX](https://roboterminal.app/companies/spacex) (1) - [Sumitomo Electric](https://roboterminal.app/companies/sumitomo-electric) (1) - [Taiyo Yuden](https://roboterminal.app/companies/taiyo-yuden) (1) - [Tower Semiconductor](https://roboterminal.app/companies/tower-semiconductor) (1) - [Viavi Solutions](https://roboterminal.app/companies/viavi-solutions) (1) ## Pulse - [@pequityresearch on X](https://x.com/pequityresearch/status/2113061269955846459) UBS: We estimate SpaceX will need to spend ~$350B to hit its target for 13GW. $SPCX - [@pequityresearch on X](https://x.com/pequityresearch/status/2112986024351858875) UBS: 6-inch substrates should remain tight through 2030 because only Sumitomo Electric and AXT can mass-produce at stable quality. However, for mature 2 4 inch substrates, Chinese entrants may eventua… - [@pequityresearch on X](https://x.com/pequityresearch/status/2112907507370999987) UBS: InP demand from the industry and data is expected to continue rising through 2030. $AXTI - [@pequityresearch on X](https://x.com/pequityresearch/status/2112726335558693089) The industry believes SK Hynix' HBM4 shipments fell short of initial expectations in the third quarter. According to the industry on the 21st, SK hynix's third-quarter operating profit consensus (the … - [@pequityresearch on X](https://x.com/pequityresearch/status/2112394879116431532) UBS: WFE suppliers are preparing for 30%+ annual growth for the foreseeable future, with parts of the supply chain being asked to support a potential $500B/year WFE market. $LRCX $AMAT $ONTO $KLAC $MK… - [@pequityresearch on X](https://x.com/pequityresearch/status/2112229539665301953) UBS: active devise supply chain $MRVL $GOOGL $AMZN $AVGO $TSEM $NVDA - [@pequityresearch on X](https://x.com/pequityresearch/status/2111903642270007555) UBS has revised their memory spend % of top 12 hyperscaler capex from 63% to 66% in 2027, or ~$961 billion. For reference, top 12 hyperscaler capex in 2026 is projected to be roughly $1 trillion. Can … - [@pequityresearch on X](https://x.com/pequityresearch/status/2111633109519048940) UBS: We expect Kioxia to sustain industry-leading NAND margins versus key peers through CY26-27 due to structural advantages in terms of the manufacturing cost per GB. We expect NAND supply shortages … - [@pequityresearch on X](https://x.com/pequityresearch/status/2111602910761034146) UBS says Kioxia has restricted LTAs to 3-year durations and capped committed volumes at approximately 50%, to benefit from potential price increases relative to competitors. $SNDK $DRAM $EWY https://t… - [@pequityresearch on X](https://x.com/pequityresearch/status/2111473307652337805) UBS: Spot prices for 4-inch indium phosphide substrates climbed from around RMB4,400 to RMB7,000 per unit in September 2026. InP substrate is getting more expensive... $AXTI - [@pequityresearch on X](https://x.com/pequityresearch/status/2111202270742524036) UBS: AI power TAM growing to $91.1 billion by 2030E, up from $17.7 billion in 2026E. Of the $91.1 billion, $49 billion dedicated to GPU power TAM, while the other $42 billion for ASIC. $GOOGL $MSFT $M… - [@MilkRoadAI on X](https://x.com/MilkRoadAI/status/2111087004440256682) Apple's first foldable iPhone is officially here, and it is the MOST expensive iPhone ever made. Preorders for the iPhone Duo opened this morning at $1,999, with first deliveries and in store availabi… - [@pequityresearch on X](https://x.com/pequityresearch/status/2109844323059527998) UBS: "EMIB-T execution is also better than feared. As we've been flagging, Ibiden's yield improvement is ahead of plan and have reached the ~50% target for mass production." $INTC - [@pequityresearch on X](https://x.com/pequityresearch/status/2109828720085315618) UBS: Server DRAM Total DRAM Demand (mn Gb): > 2024: 73,831 (+25.1% YoY) > 2025: 118,088 (+59.9% YoY) > 2026E: 177,057 (+49.9% YoY) > 2027E: 324,124 (+83.1% YoY) $MU $DRAM $EWY - [@pequityresearch on X](https://x.com/pequityresearch/status/2109631168886808926) UBS: CoPoS vs EMIB-T Supply Chain $AMAT $AMKR $KLAC $LRCX - [@pequityresearch on X](https://x.com/pequityresearch/status/2109466080481817065) UBS: "As a reminder, for C2027 we anticipate ~50GW of compute shipments (requiring ~57GW of powered data center including PUE factor) against current visibility for ~38GW of powered shell when excludi… - [@MilkRoadAI on X](https://x.com/MilkRoadAI/status/2108650800973218041) $SPY bounced back today, up about 0.6% to around $779 after two straight losing sessions, as the OpenAI revenue scare cooled off and oil prices eased. Here are the top stories of the day. 1. Bloomberg… - [@pequityresearch on X](https://x.com/pequityresearch/status/2108023129444323829) CPO Testing is extremely critical: "Testing remains a key bottleneck, creating a new equipment opportunity beginning in 2027E. We expect initial CPO volumes in 2027, followed by broader adoption in 20… - [@pequityresearch on X](https://x.com/pequityresearch/status/2107519755678785958) UBS: Samsung and Taiyo Yuden had seen the largest ASP increase in the month of August for MLCCs, at 68% and 60%, respectively. - [@pequityresearch on X](https://x.com/pequityresearch/status/2107443251561300375) UBS: memory as % of VR200/VR300 BOM costs to be 68% and 62%, respectively. $NVDA - [@pequityresearch on X](https://x.com/pequityresearch/status/2101886637831606705) UBS Group estimates that memory-related spending will surge from $71 billion in 2025 to $367 billion this year, reaching $923 billion by 2027. The remaining AI-related costs are projected at $631 bill… - [@pequityresearch on X](https://x.com/pequityresearch/status/2100029399777116374) UBS: Supply Chain Lead Time Power Semiconductors: 6-12 months Backup Power Systems: 10-18 months Switch Gear: 10-18 months Power Transformers: 36-42 months Gas Turbines: 2-7 years $GEV $TXN $NXPI $ADI… - [@pequityresearch on X](https://x.com/pequityresearch/status/2099848961037365301) UBS: we forecast the AI power semis TAM growing to ~$15 billion in 2030E, up from ~$3.5 billion in 2026E. $TXN $STM $MCHP $WOLF $ADI $NXPI - [@pequityresearch on X](https://x.com/pequityresearch/status/2099271914770636897) UBS: Regarding AMD's engagement with Google, our view is it should be related to a custom CPU project and not directly related to the TPU v10 project MediaTek has been engaged with. $AMD $GOOGL - [@pequityresearch on X](https://x.com/pequityresearch/status/2097181886980530582) UBS: On Intel’s EMIB-T, industry feedback is positive regarding the yield improvement and overall execution, consistent with what we highlighted in July. We are constructive on EMIB-T’s supply support… --- Source: Roboterminal · https://roboterminal.app/companies/ubs.md