Artificial-Intelligence

TurboQuant, HBM demand reversal, geopolitics, and glass substrates — not a doomsday scenario, but a disciplined analysis. Series: AI Compute Supply Chain | Part 4 of 5 Author: Sinclair Huang Four pressure vectors. Four clocks are already ticking. The question is not whether these moats will last forever — it’s whether you know which one breaks first. I developed a habit during my years in the electronics industry that I haven’t been able to shake in research and writing: every time I become confident about something, I force myself to find the strongest argument against it. ...

Customer prepayments, HBM margin structure, capital expenditure intensity — the numbers say more than the narratives do.Series: AI Compute Supply Chain | Part 3 of 5 By Po-Sung(Sinclair) Huang The previous article built a framework. This one tests it with documents. Before writing this piece, I set aside the analyst summaries and went to the source: TSMC’s 2024 20-F filed with the SEC on April 17, 2025; Micron’s most recent 10-K and two 10-Q filings; and SK Hynix earnings call transcripts for the past three quarters. ...

From TSMC to SK Hynix to Ajinomoto — who holds pricing power, and who is just riding the narrative? Series: AI Compute Supply Chain | Part 2 of 5 Author: Po-Sung(Sinclair) Huang The first article in this series explained what CoWoS, HBM, and ABF are. This one answers the harder question underneath: who controls them? Knowing that these three layers matter is the entry ticket. The real analytical edge comes from understanding who in each layer has the power to say no — and what happens to the whole chain when they do. ...