Fabricated Knowledge

Why subscribe?

Disclaimer: This newsletter is not investment advice.

This newsletter lets you get plain English explainers of semiconductor companies and what they do from an investment focus. I want to help save you time on semiconductor research and teach you something along the way.

I think the best way I can introduce myself is through my work. Check out some of the best of the backlog, particularly some of the longer-term primers.

I think my favorite posts are the primer series I am trying to write.

• Packaging History and Primer

• Metrology Primer

• Lithography Primer

• Timing Market Primer

• CXL Market Primer

Or, if you’re more of a fan of history, I have a decade-by-decade history review of the semiconductor industry.

• Lessons from History: The 1980s

  • Learn about the rise and fall of Japanese semiconductors

• Lessons from History: The 1990s

  • Learn about the great Korean memory boom (and bust) of 1997

In terms of pure company ideas, here are a few of my better pieces.

• I wrote about Rambus in February 2022

• My recent writeup about SiTIme on October 8th, 2022

• Or the time I talked about Nvidia’s potential crypto crash in May 2022, a few months before they would eventually guide down 40% QoQ. I got a shout-out from Ben Thompson of Stratechery on that!

• Or the time I wrote about how Soitec got nationalized. This was one of my best governance pieces.

• My legendary Inphi post, which got bought out just a week later

Lastly, some of my all-time greats.

• The Tech Monopolies Go Vertical

• Industry Structure: The Fabs are in Favor

• The Digital Transformation of Cars is just Beginning

• Rising Tide of Semiconductor Costs

Regardless - I think you’ll have fun reading anything in my backlog. In addition, I have a lot of earnings coverage that helps most investment practitioners keep ahead of the news. Thank you for coming on this journey with me.

Who Am I?

Hey! I’m Doug. I was formerly employed at a Texas firm called Bowie Capital, where I started out of college. There I focused on compounders and quality-focused investing and had an incredible experience that let me grow as an investor. I owe a lot to my mentor and former boss, Cory Whitaker.

From there, I became interested in semiconductors, specifically the changing story of the end of Moore’s law and what that means for semiconductor stocks. I started Fabricated Knowledge as a project to further pursue that; the rest is history.