2026 Analyst Reviews

We will examine the financial performance and key business metrics of the EDA industry through 2025, the consolidation of Engineering Software, and the material technical and market trends and requirements that are affecting the industry's business performance and strategies- including our AI/ML Phenomenonology. Among the trends and catalysts, we will again examine the progression of semiconductor R&D spending and how the market values of Cadence-Synopsys have evolved. Lastly, we will provide our updated financial projections for the EDA industry for 2026.

Trace a token through the data path and memory hierarchy of a modern AI accelerator, from tensor cores and cache hierarchies to floor plans and macros, and follow it down into silicon. The SemiAnalysis STEEL team links a chip's micro-architectural topology to its physical implementation, connecting design intent to as-built structure.

SemiAnalysis STEEL operates a full sample-preparation lab (mechanical, wet- and dry-chemical processing, FIB and plasma-FIB) and a comprehensive analytical suite: macro and micro optical microscopy, high-resolution X-ray tomography, field-emission SEM, TEM, and aberration-corrected STEM with EDS. From area budgets, die floor plans, and advanced-packaging architecture down to the structure and materials of individual transistors, we resolve how the most advanced designs on the market are actually built.