Micron Controls 55% Of Automotive Semiconductor Memory Market

seekingalpha2022-06-04

Say-Cheese/iStock via Getty Images Micron Technology (NASDAQ:MU) shares fell Friday, June 3 as investment firm Piper Sandler downgraded the memory chipmaker, citing its "oversized exposure" to ...

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Comments

Mr Mooney
2022-06-09
Mr Mooney
Some said mobile sales will be up due to roll out of 5G network.For example, almost all iPhone are not compatible with 5G. If iphone user want to connect 5G,must buy 5G handset. All different news...
Longbean
2022-06-04
Longbean
Ok
Leschew
2022-06-04
Leschew
Agree
增增增上上上
2022-06-04
增增增上上上
Prata flipping argument. All consumer stocks should be massively down, don't just talk abt one only.
Nomo77
2022-06-04
Nomo77
Good read

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With Micron in the spotlight, other bellwether semiconductor companies also were negatively impacted. Intel (INTC) was off by 2.6% while Nvidia (NVDA) was down by 4.5%, Qualcomm (QCOM) shares fell by 3.5% and Advanced Micro Devices (AMD) dropped 3%. According to the Tech Note in Seeking Alpha: Micron is also not as exposed to the automotive market, which Kumar said events like rising rates, a slowing macro and the possibility of excess inventory may be a concern. Kumar pointed out that Micron's exposure of greater than 50% to consumer markets is higher than many other semiconductor companies, and with some weakness in the mobile and PC markets, it's likely there could be \"additional pressure on the company.\" My Analysis Perhaps it's in the definitions of the Piper Sandler database used to downgrade Micron. But my analysis shows significantly different metrics, which is shown below in this article. Automotive Memory Shown in Chart 1, Micron's share of the total Automotive Memory market of $3,700 million was 55.0% in 2021, up slightly from 53.9% in 2020, according to The Information Network's report entitled \"Hot ICs: A Market Analysis of Artificial Intelligence (\"AI\"), 5G, Automotive, and Memory Chips.\" Chart 1 The Information Network Automotive Semiconductor Chart 2 shows that Micron's share of the total Automotive Semiconductor Market of $51,600 million was 3.9%, up slightly from 3.4% in 2020. Chart 2 The Information Network Consumer Semiconductor Chart 3 shows Micron's share of the global Consumer Semiconductor market of $46,800 million was 2.5% in 2021, down slightly from 2.8% in 2020. Note that my analysis of the \"Consumer\" segment is based on Industry Consortia \"Semiconductor Industry Association\" definitions. Chart 3 The Information Network Smartphone Semiconductor Chart 4 shows Micron's share of the global Smartphone Semiconductor market of $88,100 million was 8.2% in 2021, down from 10.3% in 2020. Chart 4 The Information Network Investor Takeaway The Piper Sandler analysis states that Micron's exposure was greater than 50% of consumer markets. My analysis shows that it is just 2.5% of the $46 billion consumer semiconductor (Chart 3) and 8% of the $88 billion smartphone semiconductor markets (Chart 4). These shares are significantly below the 50% share reported by Piper Sandler. In the Automotive semiconductor market, Piper Sandler reports that Micron is also not as exposed to the automotive market. In my analysis, Micron has a 55% share of the $3.7 billion market (Chart 1), which in my opinion, is significantly more than \"not as exposed.\" Indeed, if we consider the overall Automotive Semiconductor market, Micron does have just a 3.9% share of the $52 billion market. Investors must consider that Micron's automotive share of total revenues is 7% compared to semiconductor manufacturers that specialize in the automotive market, such as NXP Semiconductors (NXPI) with a 47% exposure, or Infineon with a 46% exposure. I rate Micron a buy. My analysis also correlates with Seeking Alpha's Ratings and Factor Grades shown in Chart 5. Chart 5 Seeking Alpha","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9058012155,"gmtCreate":1654752128077,"gmtModify":1676535505076,"author":{"id":"3583044537429562","authorId":"3583044537429562","name":"Mr Mooney","avatar":"https://community-static.tradeup.com/news/6836340f20d36afa666f6d8d4b0a929d","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3583044537429562","authorIdStr":"3583044537429562"},"htmlText":"Some said mobile sales will be up due to roll out of 5G network.For example, almost all iPhone are not compatible with 5G.&nbsp;If iphone user want to connect 5G,must buy 5G handset.&nbsp;All different news...","listText":"Some said mobile sales will be up due to roll out of 5G network.For example, almost all iPhone are not compatible with 5G.&nbsp;If iphone user want to connect 5G,must buy 5G handset.&nbsp;All different news...","text":"Some said mobile sales will be up due to roll out of 5G network.For example, almost all iPhone are not compatible with 5G. If iphone user want to connect 5G,must buy 5G handset. All different news...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9058012155","repostId":2240272383,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9059189625,"gmtCreate":1654311267267,"gmtModify":1676535430010,"author":{"id":"4101523587375210","authorId":"4101523587375210","name":"Longbean","avatar":"https://static.tigerbbs.com/e5094e621295543a14717b7f2cb3386d","vip":1,"crmLevel":5,"crmLevelSwitch":1,"idStr":"4101523587375210","authorIdStr":"4101523587375210"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9059189625","repostId":2240272383,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9059196938,"gmtCreate":1654308593924,"gmtModify":1676535429251,"author":{"id":"3566898370181586","authorId":"3566898370181586","name":"Leschew","avatar":"https://community-static.tradeup.com/news/d6c3ed463931caf388482125436b6fe5","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":5,"crmLevelSwitch":1,"idStr":"3566898370181586","authorIdStr":"3566898370181586"},"htmlText":"Agree","listText":"Agree","text":"Agree","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9059196938","repostId":2240272383,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9059979548,"gmtCreate":1654299446184,"gmtModify":1676535425961,"author":{"id":"4088845568371880","authorId":"4088845568371880","name":"增增增上上上","avatar":"https://static.tigerbbs.com/7a6d28a786017cf9f6e6b9f54a37cad2","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"4088845568371880","authorIdStr":"4088845568371880"},"htmlText":"Prata flipping argument. All&nbsp;consumer stocks should be massively down, don't just talk abt one only.","listText":"Prata flipping argument. All&nbsp;consumer stocks should be massively down, don't just talk abt one only.","text":"Prata flipping argument. All consumer stocks should be massively down, don't just talk abt one only.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9059979548","repostId":2240272383,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9059951529,"gmtCreate":1654297913961,"gmtModify":1676535425568,"author":{"id":"4101449357353590","authorId":"4101449357353590","name":"Nomo77","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":6,"crmLevelSwitch":1,"idStr":"4101449357353590","authorIdStr":"4101449357353590"},"htmlText":"Good read","listText":"Good read","text":"Good read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9059951529","repostId":2240272383,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":10,"commentSize":5,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2240272383"}