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    Sujeeva De Silva

    Managing Director and Senior Research Analyst at Roth MKM

    Suji Desilva, CFA, is a Managing Director and Senior Research Analyst at Roth MKM, specializing in semiconductor and technology companies with a focus on firms such as MagnaChip Semiconductor, Intuitive Machines, USA Rare Earth, Aeva Technologies, Redwire Corp, and D-Wave Quantum. He has nearly two decades of investment experience and has been recognized as a TipRanks Top 150 Wall Street Analyst in 2017, noted for his strong track record in earnings call participation, coverage breadth, and successful investment calls. Desilva began his finance career in 2003 at Credit Suisse’s Semiconductor Research Team, later serving as a Senior Analyst at Kaufman Brothers, ThinkEquity, and Topeka Capital Markets before joining Roth MKM in July 2016. He holds a B.S. in Engineering from Cornell University, an M.B.A. in Finance from Columbia Business School, the CFA designation, and has covered over a dozen public companies, underscoring his broad analytical expertise.

    Sujeeva De Silva's questions to Arbe Robotics (ARBE) leadership

    Sujeeva De Silva's questions to Arbe Robotics (ARBE) leadership • Q1 2025

    Question

    Sujeeva De Silva inquired about the progress of other RFPs beyond the primary one discussed, the impact of market delays, and the nature of partnerships with central auto processor companies in China.

    Answer

    CEO Jacob Marenko stated that progress is being made on all programs, but OEM decision delays are due to broader market factors like tariffs, not Arbe's technology. He believes these issues are clarifying, which should release the decision-making process. In China, Marenko confirmed they work with processor companies like Horizon Robotics, but their primary channel is Tier 1 partner HiRain, which is building a full-stack solution and also serves as a channel to local robotaxi companies. He reiterated that they expect to start ramping up production in China around the end of the year, either late Q4 2025 or early Q1 2026.

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    Sujeeva De Silva's questions to Arbe Robotics (ARBE) leadership • Q4 2024

    Question

    Sujeeva De Silva of ROTH MKM inquired about the specific programs expected to drive revenue growth in late 2025, the company's current cash balance and share count following recent fundraising, and the overall market opportunity in the Chinese EV sector.

    Answer

    CEO Jacob Marenko identified three key projects driving the revenue ramp: the Tianyi non-automotive project, a European truck manufacturer collaboration, and a project with Tier 1 partner HiRain for a Chinese auto manufacturer. CFO Karine Pinto-Flomenboim stated the current cash balance is approximately $73 million with a share count of 85.7 million. Mr. Marenko added that Chinese EV manufacturers are increasingly seeking imaging radar to enable hands-free driving capabilities.

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    Sujeeva De Silva's questions to Arbe Robotics (ARBE) leadership • Q3 2024

    Question

    Sujeeva De Silva inquired about the adoption timeline for imaging radar given ADAS and EV model delays, potential regulatory catalysts, and the sales cycle for non-automotive markets compared to automotive.

    Answer

    Executive Jacob Marenko stated that despite past market delays, major OEM programs are now back on track, with imaging radar being a key factor for achieving true hands-free driving. He noted that US and European emergency braking regulations are a major driver for adoption. For non-auto markets, Marenko explained that while the sales cycle is similar to automotive, the time to production is much shorter, with revenues expected to begin in 2025 and 2026.

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    Sujeeva De Silva's questions to Aeva Technologies (AEVA) leadership

    Sujeeva De Silva's questions to Aeva Technologies (AEVA) leadership • Q1 2025

    Question

    Sujeeva De Silva requested a recap of the remaining milestones for the global top 10 passenger OEM program and asked for more detail on the 'next-gen perception sensing products' mentioned in the new strategic partnership announcement.

    Answer

    CEO Soroush Dardashti explained that the remaining milestones for the OEM program involve vehicle integration and packaging design to ensure the sensor fits across multiple vehicle lines, with completion expected later in the year. He confirmed the OEM's choice was influenced by FMCW's flexibility. Regarding next-gen products, Dardashti stated the new partnership includes joint development revenue to create new products for the industrial market and to facilitate Aeva's entry into new markets like consumer electronics, leveraging the partner's expertise and scale.

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    Sujeeva De Silva's questions to Aeva Technologies (AEVA) leadership • Q4 2024

    Question

    Sujeeva De Silva asked if the planned OpEx reduction implies that the heavy lifting for the Daimler Truck program is complete, reducing 2025 risk. He also inquired if the new top-10 OEM program is for L3 vehicles and about the revenue ramp timing relative to the 2027 start of production.

    Answer

    CEO Soroush Dardashti confirmed that a significant portion of the development for the Atlas product is complete, with the focus now on the final C sample, which contributes to the planned spending reduction. Regarding the new OEM win, he explained the OEM is strategically shifting from Time-of-Flight to Aeva's FMCW technology. The engagement includes a development agreement and a letter of intent for a large-scale production program, with a target start of production in 2027.

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    Sujeeva De Silva's questions to Aeva Technologies (AEVA) leadership • Q3 2024

    Question

    Sujeeva De Silva asked for an update on the progress and remaining milestones for the global top 10 passenger OEM RFQ and inquired about the financial opportunity presented by the partnership with The Indoor Lab.

    Answer

    CEO Soroush Dardashti explained that Aeva has been down-selected to the final stage of the RFQ with the top 10 passenger OEM and is now discussing commercial terms after passing extensive technical and manufacturing audits. Regarding The Indoor Lab, he described it as a multiyear production deal with committed volumes, starting with major U.S. airports. He estimated the combined revenue potential from this and other industrial security applications to be around $50 million in the next few years, with potential for future growth.

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    Sujeeva De Silva's questions to Intuitive Machines (LUNR) leadership

    Sujeeva De Silva's questions to Intuitive Machines (LUNR) leadership • Q1 2025

    Question

    Sujeeva De Silva of ROTH Capital Partners asked for an updated overview of the company's key lunar business segments, potential M&A targets, and details on the contribution from higher-margin service businesses like NSNS.

    Answer

    CEO Steve Altemus reiterated the company's focus on three pillars: delivery, data, and infrastructure services. CFO Pete McGrath added that the higher-margin service business is primarily driven by NSNS, where the company is building a capital-asset-based service network, which is key to achieving run-rate positive adjusted EBITDA.

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    Sujeeva De Silva's questions to Intuitive Machines (LUNR) leadership • Q4 2024

    Question

    Sujeeva De Silva of ROTH MKM inquired about Intuitive Machines' strategic vision for the next three to five years, seeking details on expansion beyond lunar missions, the specifics of the orbital transfer vehicle, and the key drivers for achieving positive adjusted EBITDA by 2026.

    Answer

    CEO Steve Altemus detailed a strategic shift towards data services, leveraging the company's lunar network as a national asset applicable from lunar space back to Earth orbit. He described the 'Nebula' orbital vehicle as a derivative of the Nova-C lander for satellite deployment. CFO Peter McGrath added that stabilized G&A spending is a key factor in the path to profitability, while declining to provide a revenue growth forecast beyond 2025.

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    Sujeeva De Silva's questions to Intuitive Machines (LUNR) leadership • Q3 2024

    Question

    Sujeeva De Silva of ROTH Capital Partners asked about the initial infrastructure deployment steps and timeline for the NSNS contract, as well as the key milestones for the next phase of the LTV program after a potential award.

    Answer

    CEO Steve Altemus stated that the first NSNS satellite is scheduled for deployment on Mission-3 in late 2025 or early 2026, which will initiate the operational revenue stream. He further explained that the next LTV phase would involve maturing the design through a Critical Design Review (CDR), followed by development, qualification, flight, and on-surface validation.

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    Sujeeva De Silva's questions to Redwire (RDW) leadership

    Sujeeva De Silva's questions to Redwire (RDW) leadership • Q1 2025

    Question

    Sujeeva De Silva asked about the priority of drones in government spending given the Edge Autonomy acquisition, and for details on the ispace-U.S. partnership for lunar missions.

    Answer

    Peter Cannito, Chairman and CEO, stated that drones are now a proven 'force multiplier' and a growth area in defense spending, which was a key driver for the Edge Autonomy acquisition. Regarding the ispace MOU, he described it as a 'natural progression' for Redwire, a prime on the CLPS contract, to lead full missions by combining its digital engineering and subsystem expertise with ispace's lunar lander. The next milestone is to begin winning CLPS task orders together.

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    Sujeeva De Silva's questions to Redwire (RDW) leadership • Q4 2024

    Question

    Sujeeva De Silva sought to understand the conservatism in the 2025 combined guidance, asking about backlog coverage, and also inquired about opportunities to expand Redwire's content on lunar and interplanetary missions beyond just cameras.

    Answer

    CEO Peter Cannito explained that their forecast is a detailed, bottoms-up analysis of the pipeline rather than a simple backlog coverage metric. Regarding lunar and interplanetary opportunities, he highlighted the MASON program for building lunar landing pads, the LightShip study with ESA for a Mars spacecraft, the cislunar capabilities of the Mako satellite, and the long-term potential for in-space manufacturing to support permanent infrastructure on the Moon and Mars.

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    Sujeeva De Silva's questions to Redwire (RDW) leadership • Q3 2024

    Question

    Sujeeva De Silva of ROTH MKM asked about the potential impact of the recent U.S. election on space spending, the competitive landscape for larger bids over $100 million, and the strategy for developing proprietary IP with the PIL-BOX platform.

    Answer

    Chairman and CEO Peter Cannito stated that space infrastructure is critical regardless of the administration, citing the previous Trump administration's creation of the Space Force as a positive precedent. On large bids, he noted that the sample size is too small for a meaningful win rate and that Redwire focuses on technical differentiation. Regarding PIL-BOX, Mr. Cannito explained the strategy involves creating seed crystals in space to be replicated on Earth and then licensing the resulting IP. CFO Jonathan Baliff added that significant client funds have already been invested, and the focus is now on commercialization with minimal new investment.

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    Sujeeva De Silva's questions to D-Wave Quantum (QBTS) leadership

    Sujeeva De Silva's questions to D-Wave Quantum (QBTS) leadership • Q1 2025

    Question

    Suji Desilva inquired about the drivers behind the increasing revenue per customer and asked for guidance on the revenue run rate and business mix needed to achieve profitability.

    Answer

    CFO John Markovich and CEO Alan Baratz explained that revenue per customer is growing as D-Wave engages larger companies that pay for more extensive proof-of-concept development. Markovich reiterated that while the company has not provided a specific revenue target or timeline for profitability, management believes its current cash position is sufficient to reach that goal.

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    Sujeeva De Silva's questions to D-Wave Quantum (QBTS) leadership • Q4 2024

    Question

    Sujeeva De Silva of ROTH Capital Partners inquired if future system sales would follow a similar revenue structure to the Jülich deal. He also asked for a technical clarification on how the system's performance gains were achieved.

    Answer

    CEO Alan Baratz explained that future system sale structures will likely vary by customer, as they are tailored to specific needs like upgrade options or intended use cases. He clarified that the performance gains from Advantage2 stem from three elements: more connectivity for larger problems, longer coherence times for faster solutions, and higher energy scale for greater precision.

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    Sujeeva De Silva's questions to D-Wave Quantum (QBTS) leadership • Q3 2024

    Question

    Sujeeva De Silva asked for an elaboration on how D-Wave's QPU provides benefits for Generative AI model training. He also questioned whether there were any bundling or cross-selling efforts underway with hyperscalers who are deploying AI instances.

    Answer

    CEO Alan Baratz detailed two approaches: using annealing for Restricted Boltzmann Machines and inserting QPU sampling into transformer and diffusion models to potentially improve training efficiency and reduce costs. He clarified that the latter is still in the internal benchmarking phase. Baratz stated that any current use of D-Wave with hyperscaler AI infrastructure is customer-driven, but he anticipates hyperscalers will become interested once D-Wave demonstrates definitive value.

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    Sujeeva De Silva's questions to Rocket Lab (RKLB) leadership

    Sujeeva De Silva's questions to Rocket Lab (RKLB) leadership • Q1 2025

    Question

    Sujeeva De Silva questioned the trend of an increasing percentage of backlog being recognized within 12 months and asked about the long-term infrastructure strategy for Neutron's global logistics capabilities.

    Answer

    CFO Adam Spice explained that large satellite programs like SDA have compressed revenue recognition cycles, with the bulk occurring over 18 months as materials are procured, leading to the observed trend. CEO Peter Beck stated that Neutron's initial reentry infrastructure is primarily its recovery barge, with potential for more assets as cadence increases. He noted the AFRL point-to-point cargo program is still in an early experimental phase.

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    Sujeeva De Silva's questions to Rocket Lab (RKLB) leadership • Q4 2024

    Question

    Sujeeva De Silva from ROTH Capital Partners questioned the cost profile of Neutron, particularly if R&D expenses would decrease after the first launch, and asked about the competitive advantages of the new Flatellite product.

    Answer

    CFO Adam Spice explained that the first Neutron launch is an R&D expense and that significant cost reduction hinges on reusability, aided by the new 'Return on Investment' landing barge. CEO Sir Peter Beck added that Flatellite's key advantages are rapid, high-volume manufacturing and cost-effectiveness, driven by the company's deep vertical integration.

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    Sujeeva De Silva's questions to MAGNACHIP SEMICONDUCTOR (MX) leadership

    Sujeeva De Silva's questions to MAGNACHIP SEMICONDUCTOR (MX) leadership • Q1 2025

    Question

    Sujeeva De Silva inquired about Magnachip's positioning regarding potential U.S. tariffs, the primary drivers for gross margin in the power business, the timing of benefits from the Gumi fab utilization, and the strategic growth focus between the Power IC and Power Analog segments.

    Answer

    Young-Joon Kim (executive) addressed the tariff question, stating that with less than $2.5 million in direct U.S. shipments, the risk is currently manageable. He also noted the goal is to grow both the Power Analog and Power IC segments by double digits. Shin Young Park (executive) explained that gross margin improvement is linked to the Gumi fab upgrade for new generation products, with benefits materializing over the next few years as part of the '3-3-3' strategy.

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    Sujeeva De Silva's questions to MAGNACHIP SEMICONDUCTOR (MX) leadership • Q3 2024

    Question

    Sujeeva De Silva of ROTH MKM asked about the drivers for PAS gross margin recovery, the timeline for new products to absorb idle foundry capacity, and the 2025 outlook for the MSS business, including program ramps and potential seasonality. He also sought clarity on the market share difference between being a primary versus a second-source DDIC supplier.

    Answer

    Executive Shin Young Park explained that the PAS gross margin is impacted by the wind-down of foundry services, and converting that capacity to new power products will take several quarters. Executive Young-Joon Kim noted that for the MSS business, two products are ramping in Q4 and a new, more power-efficient chip is sampling for 2025 production, positioning the company well but stopping short of providing a 2025 guide. He clarified that a primary supplier has a major share, while a second source has a much smaller share.

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    Sujeeva De Silva's questions to SITIME (SITM) leadership

    Sujeeva De Silva's questions to SITIME (SITM) leadership • Q1 2025

    Question

    Sujeeva De Silva from ROTH Capital Partners asked for an explanation of the new product platforms (Cascade, Chorus, Symphonic) and sought to clarify whether the strong data center growth was driven by the Cascade clocking family or by oscillators.

    Answer

    Executive Rajesh Vashist detailed the new platforms: Cascade for high-end CED, Chorus for automotive, and the new Symphonic for 5G and industrial uses. He stated these launches will help SiTime significantly exceed its previous $100 million clocking revenue target. He clarified that the strong CED growth is not from a single product line but is driven by a broad portfolio, including all oscillator families (Epoch, Elite), clocking products like Cascade, and even buffers.

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    Sujeeva De Silva's questions to SITIME (SITM) leadership • Q4 2024

    Question

    Sujeeva De Silva of ROTH Capital Partners asked for color on the drivers behind improving bookings and sought an update on the product roadmap, synergies, and traction from the Aura acquisition.

    Answer

    CEO Rajesh Vashist attributed strong bookings to solid end-market demand across all sectors, rather than changes in lead times. He also stated the Aura acquisition is performing as planned, creating a '1 plus 1 equals 3' effect with SiTime's high-end oscillators, and reiterated the goal for clocking revenue to approach $100 million in the next few years.

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    Sujeeva De Silva's questions to Valens Semiconductor (VLN) leadership

    Sujeeva De Silva's questions to Valens Semiconductor (VLN) leadership • Q1 2025

    Question

    Sujeeva De Silva of ROTH Capital Partners, LLC asked about the Cross-Industry Business (CIB) segment, wanting to know which end markets and products (VA7000 or VS6320) would drive the anticipated mid-2026 ramp. He also inquired about the company's breakeven revenue target and the expected business segment mix at that point.

    Answer

    CEO Gideon Ben-Zvi identified Pro AV, conference rooms (VS6320), and industrial machine vision as key CIB markets. He noted that for industrial use cases, both the VS6320 and the automotive-grade VA7000 chipsets are being adopted. CFO Guy Nathanzon reiterated the company's financial model, targeting EBITDA positivity at an approximate $120 million annual revenue run rate. He restated the 2029 revenue goals by segment but clarified that a specific segment mix for the breakeven point has not been provided, only the expected ramp timing for each business.

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    Sujeeva De Silva's questions to Valens Semiconductor (VLN) leadership • Q3 2024

    Question

    Sujeeva De Silva inquired about Valens' visibility as inventory issues subside, the integration and market traction of the Acroname acquisition, the design cycle in industrial machine vision, whether new automotive wins are EV-specific, and the gross margin outlook for 2025.

    Answer

    CEO Gideon Ben-Zvi confirmed that visibility is improving as sales cycles shorten and noted the Acroname integration is proceeding smoothly with a direct-to-customer sales model. He clarified that automotive ADAS wins are platform-agnostic, applying to both EV and combustion engine vehicles. CFO Guy Nathanzon added that while specific 2025 guidance isn't available, gross margins will continue to be influenced by the revenue mix between the audio-video and automotive segments and overall sales volume.

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    Sujeeva De Silva's questions to CEVA (CEVA) leadership

    Sujeeva De Silva's questions to CEVA (CEVA) leadership • Q1 2025

    Question

    Sujeeva De Silva of ROTH Capital Partners asked if macro and tariff uncertainty was causing any programs to be pushed out in the licensing environment. He also inquired if the WiFi royalty ramp was tracking to follow the market share success previously achieved with Bluetooth.

    Answer

    CEO Amir Panush responded that while they see no direct impact from tariffs and have not had programs pushed out, they acknowledge a general sense of caution among customers, which informed their revised guidance. He stated that the WiFi 6 ramp is on track, with many of the tens of licensed customers now in volume production, and he expressed strong encouragement that CEVA is on a path to achieve a leadership position in WiFi similar to what it holds in Bluetooth.

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    Sujeeva De Silva's questions to CEVA (CEVA) leadership • Q4 2024

    Question

    Sujeeva De Silva from ROTH Capital Partners asked about the impact of new, smaller Large Language Models (LLMs) on Ceva's Edge AI opportunity, particularly in China. He also questioned the growth trajectory for Wi-Fi in 2025, including its penetration curve and key end markets.

    Answer

    CEO Amir Panush responded that smaller, more efficient AI models accelerate the shift to on-device processing, which directly increases demand for Ceva's NPU portfolio. He noted that Wi-Fi is in a strong growth phase, driven by the transition to Wi-Fi 6, which commands a higher ASP and is seeing broad penetration across IoT markets. CFO Yaniv Arieli added that the Wi-Fi ramp is following a similar successful trajectory to Bluetooth, highlighting the significant long-term opportunity for combo chips.

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    Sujeeva De Silva's questions to NETLIST (NLST) leadership

    Sujeeva De Silva's questions to NETLIST (NLST) leadership • Q1 2025

    Question

    Sujeeva De Silva of B. Riley Securities inquired about the litigation timelines for the Samsung and Micron cases, the magnitude of recent memory price increases, and the market opportunity for Netlist's new MRDM products in the AI server market.

    Answer

    CEO Chuck Hong confirmed the post-trial and appeal timelines for the Samsung breach of contract case, noting an appeal is likely but has a low probability of success. He stated the Micron case will follow a similar appellate path, taking about a year to reach hearings. Hong also noted low-double-digit memory price increases in April driven by AI demand and potential tariffs. He projected that MRDM, Netlist's high-performance memory product, could capture 10-20% of the server memory market in the next few years, with adoption in AMD and Intel AI servers starting late in the current year.

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    Sujeeva De Silva's questions to NETLIST (NLST) leadership • Q4 2024

    Question

    Sujeeva De Silva of B. Riley Securities inquired about the impact of the recent Samsung verdict on damage collection timelines, the status of the related Google case, and the potential revenue and margin contribution from new products like MRDIMM and CXL.

    Answer

    CEO Chuck Hong explained that the recent verdict does not alter the existing appellate timeline for prior damages but creates significant future liability for Samsung from 2023 onward. He noted the Google case remains stayed pending a key patent appeal expected this year. Regarding new products, Hong stated that MRDIMMs and CXL solutions offer high margin potential in the 20-30% range, with MRDIMM revenue ramping later in the year and CXL revenue expected in 2025 after customer qualifications.

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    Sujeeva De Silva's questions to NETLIST (NLST) leadership • Q3 2024

    Question

    Sujeeva De Silva of B. Riley Securities inquired about the memory demand environment, the product ramp timeline for CXL NVDIMM and Lightning, their application in AI, and key details of the upcoming second Samsung litigation.

    Answer

    CEO Chuck Hong explained that while the consumer memory market is soft, the server market, driven by AI, remains strong. He detailed that the Lightning product for AI inference is expected to ramp next year, while CXL NVDIMM is a longer-term opportunity for data backup. Hong also contrasted the upcoming Samsung trial with the prior Micron case, noting it involves two of the same patents plus a new '608 patent, and provided key trial dates for November and December.

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    Sujeeva De Silva's questions to NETLIST (NLST) leadership • Q2 2024

    Question

    Sujeeva De Silva inquired about the timeline for Samsung's damage payments following a recent appeal denial, the schedule for the upcoming Samsung 'East Texas II' case, the primary drivers for gross margin expansion, and an update on Netlist's product roadmap in the context of AI memory trends.

    Answer

    CEO Chuck Hong explained that the $303 million Samsung patent infringement case will now proceed to the Federal Circuit Court of Appeals, with interest accruing on the award. He also confirmed a September 9 trial date for the 'Samsung II' case, which asserts patents from the Micron case plus one additional patent. On the product front, Hong detailed Netlist's focus on HBM patents, high-capacity DDR5 products, and a long-term CXL development project. CFO Gail Sasaki added that gross margins are expected to improve in Q3 and Q4 as the company moves past lower-margin inventory and benefits from better pricing on resale products, targeting an average product margin of 5-6%.

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    Sujeeva De Silva's questions to Astera Labs (ALAB) leadership

    Sujeeva De Silva's questions to Astera Labs (ALAB) leadership • Q1 2025

    Question

    Sujeeva De Silva inquired about the relative pricing between the Scorpio X-Series and P-Series products and asked for an update on the company's strategy regarding chip-level versus board- or module-level solutions.

    Answer

    COO Sanjay Gajendra clarified that the Scorpio X-Series commands a significantly higher ASP than the P-Series due to the greater value it provides in interconnecting GPUs and maximizing their utilization. He reiterated that Astera Labs' strategy is to be a flexible, rack-scale connectivity supplier, leveraging its silicon, hardware, and software teams to deliver solutions in whatever form factor best meets customer needs.

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    Sujeeva De Silva's questions to Astera Labs (ALAB) leadership • Q4 2024

    Question

    Sujeeva De Silva inquired if Astera engages with emerging AI companies beyond the hyperscalers and asked about the challenges and timing for the industry's transition to UALink.

    Answer

    CEO Jitendra Mohan confirmed that the company tracks and engages with OEMs and emerging AI players, but noted that the bulk of the current addressable market resides with hyperscalers. Regarding UALink, he described it as a positive industry initiative where Astera is well-positioned. He expects the final specification to be released at the end of Q1 2025, with the first products likely hitting the market in 2026.

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    Sujeeva De Silva's questions to Astera Labs (ALAB) leadership • Q3 2024

    Question

    Sujeeva De Silva of ROTH Capital Partners asked about the growth trajectory for the Taurus product line in the upcoming year and inquired about the company's expected competitive positioning and market share for its Aries PCIe Gen 6 retimers.

    Answer

    CFO Michael Tate confirmed that Taurus will be a strong growth driver and increase as a percentage of revenue in Q4, but did not provide a specific mix forecast for next year. Executive Jitendra Mohan expressed confidence in maintaining a strong position in Gen 6, citing their early market engagement and deep learnings from Gen 5, while also acknowledging that competition is expected.

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    Sujeeva De Silva's questions to MAXLINEAR (MXL) leadership

    Sujeeva De Silva's questions to MAXLINEAR (MXL) leadership • Q1 2025

    Question

    Sujeeva De Silva asked if the broadband recovery includes a content gain component and whether the Q2 operating expense level represents a new baseline for the company.

    Answer

    CEO Kishore Seendripu confirmed that all new product cycles in broadband are driven by significant bill-of-materials (BOM) expansion, citing transitions to XGS-PON, Wi-Fi 7, and DOCSIS 4.0, which he estimated could increase content by 30%. CFO Steve Litchfield indicated that while OpEx has been reduced, he expects a further step-down in the second half of the year.

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    Sujeeva De Silva's questions to MAXLINEAR (MXL) leadership • Q4 2024

    Question

    Sujeeva De Silva of ROTH Capital Partners asked for details on the puts and takes within the Q1 guidance, specifically the offsets to infrastructure growth, and for the company's perspective on Co-Packaged Optics (CPO) as an opportunity or risk.

    Answer

    CFO Steven Litchfield identified weakness in the industrial market as the primary offset to growth in infrastructure and recovery in broadband. CEO Kishore Seendripu described CPO as a recurring topic with high hurdles, viewing MaxLinear's pure-play silicon model as a net positive, as it can partner with any optics producer.

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    Sujeeva De Silva's questions to MAXLINEAR (MXL) leadership • Q3 2024

    Question

    Sujeeva De Silva asked if MaxLinear has a differentiated position in the China hyperscaler market, noting it's not a common topic from competitors. He also questioned whether connectivity and broadband revenues should be considered coupled or if they have distinct market drivers.

    Answer

    CEO Kishore Seendripu stated that MaxLinear's key differentiation is universal and not specific to China: its industry-leading low-power performance. CFO Steve Litchfield explained that while there is overlap, the connectivity and broadband segments are kept separate because of growing, distinct opportunities for Wi-Fi and Ethernet products outside of traditional broadband gateways, such as in enterprise and industrial markets.

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    Sujeeva De Silva's questions to Credo Technology Group Holding (CRDO) leadership

    Sujeeva De Silva's questions to Credo Technology Group Holding (CRDO) leadership • Q3 2025

    Question

    Sujeeva De Silva sought to clarify if revenue from large customers comes from single or multiple projects, to understand diversification within each account. He also asked if the back-end scale-up opportunity is limited to in-house ASICs or also applies to merchant GPUs.

    Answer

    CEO William Brennan confirmed that for the first three ramping customers, revenue comes from multiple projects and SKUs, and he expects this pattern to continue with new customers after an initial project. He clarified that the scale-up opportunity exists "across the board," including for deployments that use merchant GPUs from NVIDIA alongside open protocols like PCIe.

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    Sujeeva De Silva's questions to Credo Technology Group Holding (CRDO) leadership • Q2 2025

    Question

    Sujeeva De Silva asked about the breadth of programs at the key hyperscaler driving second-half growth and sought confirmation on whether Credo is now shipping to all four major U.S. hyperscalers.

    Answer

    CEO William Brennan emphasized that Credo has broad design activity across multiple customers, which fuels long-term growth, rather than focusing on a single program. He confirmed active relationships with Microsoft and Amazon and noted work with xAI. While Credo is not yet shipping to all major U.S. hyperscalers, he sees it as a future growth opportunity, expressing confidence that all will eventually adopt AECs.

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    Sujeeva De Silva's questions to Credo Technology Group Holding (CRDO) leadership • Q1 2025

    Question

    Sujeeva De Silva asked for details on the new 10% customer expected in Q2, specifically if it was a new engagement or a ramp from an existing one. He also inquired about the potential impact of rack densification on the total addressable market (TAM) for AECs.

    Answer

    CEO William Brennan clarified that the new 10% customer is an existing 'emerging hyperscaler' that has been a customer for a couple of years and is now significantly increasing its spending. Regarding rack densification, Brennan stated that as customers adopt direct-to-rack AECs for inter-rack connectivity, it could theoretically double the TAM within that customer's deployment.

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    Sujeeva De Silva's questions to AMBARELLA (AMBA) leadership

    Sujeeva De Silva's questions to AMBARELLA (AMBA) leadership • Q4 2025

    Question

    Sujeeva De Silva asked about the risk of Ambarella's chips being replaced in China due to geopolitical factors and inquired about the growth outlook for the enterprise security camera market.

    Answer

    CEO Fermi Wang reiterated that Chinese customers will prefer local components when viable options exist, and Ambarella's opportunity there is for products without local equivalents or for export-focused customers. For enterprise security, he noted that growth will be driven by both unit increases and, significantly, by ASP growth from newer, higher-priced chips like CV5 and CV7.

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    Sujeeva De Silva's questions to AMBARELLA (AMBA) leadership • Q3 2025

    Question

    Sujeeva De Silva asked about the competitive landscape for L2+ design wins, the role of partnerships with Continental and Bosch, and what Ambarella is doing to accelerate customer software readiness.

    Answer

    President and CEO Dr. Fermi Wang identified competitors as NVIDIA, Qualcomm, and Mobileye globally, with Horizon Robotics in China. He stressed the importance of Tier 1 partners like Continental and Bosch. To speed up adoption, he said Ambarella offers a scalable software stack (from L2+ to L4) and licenses individual software modules to help customers reduce R&D costs and development time.

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    Sujeeva De Silva's questions to AMBARELLA (AMBA) leadership • Q2 2025

    Question

    Sujeeva De Silva asked for clarification on the drivers of Q2 growth, specifically which IoT applications recovered or saw inventory normalization. He also inquired about the company's visibility into the timing and inflection of CV3 program ramps expected in the 2026 timeframe.

    Answer

    CEO Fermi Wang confirmed that Q2 growth was led by the IoT segment, particularly in enterprise security cameras, where inventory normalized, and in the 'other IoT' category, where customers began ramping new CV5-based products. Regarding CV3, Wang reiterated the calendar year 2026 production ramp timeline for its lead automotive win but noted that specific vehicle models have not yet been disclosed.

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    Sujeeva De Silva's questions to indie Semiconductor (INDI) leadership

    Sujeeva De Silva's questions to indie Semiconductor (INDI) leadership • Q4 2024

    Question

    Sujeeva De Silva inquired about the new product ramps expected in the second half of 2025, asking which products would most significantly impact incremental growth and requesting details on the ramp trajectory for the Corner Radar program.

    Answer

    Donald McClymont (executive) explained that multiple products are ramping, with high-ASP Vision products and the new radar product expected to be significant contributors. Regarding the Corner Radar program, he described a multi-year ramp extending through 2026-2029 and noted that the previously stated $1 billion lifetime value might be conservative, though he declined to provide specific quarterly ramp details.

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    Sujeeva De Silva's questions to indie Semiconductor (INDI) leadership • Q3 2024

    Question

    Sujeeva De Silva inquired about the drivers for 2025 revenue growth, specifically the contribution from large radar programs, the impact of new NHTSA and NCAP safety regulations, and details on planned cost improvements.

    Answer

    Executive Donald McClymont confirmed the key radar program remains on track for a 2025 ramp and noted that new safety regulations for emergency braking and driver monitoring are a direct tailwind for current design wins. CFO Kanwardev Raja Singh Bal added that cost efficiency efforts will not impact product roadmaps and reiterated comfort with the consensus breakeven revenue target of approximately $80 million.

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    Sujeeva De Silva's questions to PIXELWORKS (PXLW) leadership

    Sujeeva De Silva's questions to PIXELWORKS (PXLW) leadership • Q4 2024

    Question

    Sujeeva De Silva inquired about the mobile revenue recovery outlook for the second half of 2025 and 2026, the potential unit volume mix of the cost-down X5 product versus premium programs, and sought clarification on new opportunities including TrueCut device partnerships, ASIC services, and the legacy transcoding product.

    Answer

    CEO Todd DeBonis projected that mobile revenue would grow sequentially throughout 2025, potentially reaching 2023 levels on the high end of the range, with the new broader-market visual processor expected to account for over 50% of that revenue. He confirmed the legacy product is a ViXS transcoding chip for a long-standing customer. CFO Haley Green added that a portion of the China subsidiary subsidies impacted COGS and gross margin.

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    Sujeeva De Silva's questions to Silicon Motion Technology (SIMO) leadership

    Sujeeva De Silva's questions to Silicon Motion Technology (SIMO) leadership • Q4 2024

    Question

    Sujeeva De Silva asked for context on the 2025 revenue forecast, specifically how much more back-end loaded it is compared to a typical year, and inquired about the state of channel inventories. He also asked for a framework on the company's long-term diversification and potential M&A strategy.

    Answer

    CFO Jason Tsai confirmed that 2025 will be significantly more back-half loaded than the typical 45/55 first-half/second-half split and stated that channel inventories are healthy. CEO Wallace Kou reiterated that the company's strategic focus is on mixed-signal design and enterprise-related technologies, where they might acquire key technologies they lack to complement their storage and connectivity offerings.

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    Sujeeva De Silva's questions to Silicon Motion Technology (SIMO) leadership • Q3 2024

    Question

    Sujeeva De Silva asked about the ramp timing for the new PCIe 5 wins, questioning if they would be staggered or aligned with new PC processor releases. He also inquired about the MonTitan enterprise solution, specifically if QLC adoption is application-specific and whether initial customers are using their own firmware or Silicon Motion's turnkey solution.

    Answer

    CEO Chia-Chang Kou clarified that PCIe 5 ramps for PC OEMs will align with new CPU releases, while retail-focused customers will begin ramping late this year and into Q1. For MonTitan, he explained that one Tier 1 customer is developing its own firmware while another is using a joint-development approach to accelerate time-to-market. He emphasized that MonTitan's technology is ideal for various AI workloads, making it attractive to customers.

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    Sujeeva De Silva's questions to ACM Research (ACMR) leadership

    Sujeeva De Silva's questions to ACM Research (ACMR) leadership • Q3 2024

    Question

    Sujeeva De Silva asked for clarification on which geographic region outside of China presents the most near-term opportunity and requested details on the technical advantages of ACM's high-temperature SPM solutions.

    Answer

    CEO David Wang identified the U.S. and other parts of Asia as key near-term opportunities, citing existing advanced packaging orders and ongoing logic tool evaluations. Regarding the high-temperature SPM tool, he highlighted its superior chemical splash control, which improves the cleaning environment and tool uptime. For the mid-temperature Tahoe tool, he emphasized its breakthrough particle removal efficiency, making it competitive with single-wafer tools for advanced nodes.

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    Sujeeva De Silva's questions to Energous (WATT) leadership

    Sujeeva De Silva's questions to Energous (WATT) leadership • Q3 2023

    Question

    Sujeeva De Silva of Roth MKM inquired about the customer distribution across the 31 active proof-of-concept (POC) trials, which end markets are closest to volume production, and the mechanics behind a past bulk sale to a partner.

    Answer

    Cesar Johnston, an executive at Energous, explained that while a few customers have multiple POCs, the majority are single-customer installations. He identified logistics and real-time asset tracking as the applications closest to ramping, citing the detailed German POC as a key example. Johnston clarified that a one-time bulk sale in early 2022 was a strategic investment with partners to create evaluation kits, which successfully accelerated market adoption and led to the current number of POCs.

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    Sujeeva De Silva's questions to Energous (WATT) leadership • Q3 2023

    Question

    Sujeeva De Silva of Roth MKM inquired about the customer distribution across the 31 proof-of-concept (POC) installations, which end markets are nearest to volume production, and the specifics of a past bulk sale to a partner.

    Answer

    Cesar Johnston, an executive at Energous, clarified that while a few customers have multiple POCs, the majority are single installations. He identified logistics and real-time asset tracking as the markets closest to ramping, citing the recent German trial as a key example. Johnston explained a previous bulk sale in 2022 was a strategic, one-time investment to create evaluation kits that accelerated market penetration and POC growth.

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    Sujeeva De Silva's questions to Energous (WATT) leadership • Q3 2023

    Question

    Sujeeva De Silva of ROTH MKM inquired about the distribution of the 31 Proof-of-Concept (POC) trials, asking if they represent individual customers or multiple POCs per customer. He also asked which end markets are closest to volume production and about the mechanics behind the onetime bulk sale to a partner mentioned for Q3 2022.

    Answer

    Cesar Johnston, an executive at Energous, clarified that while a couple of customers have multiple POCs, the majority are currently single installations. He highlighted that logistics and real-time asset tracking applications, similar to the detailed German POC with Ecobyte, are closest to ramping. Johnston explained that the previous bulk sale was a strategic, onetime investment with partners to create evaluation kits, which accelerated the company's ability to deploy its current 31 POCs.

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    Sujeeva De Silva's questions to Energous (WATT) leadership • Q3 2023

    Question

    Sujeeva De Silva inquired about the customer distribution across the 31 Proof-of-Concept (POC) installations, which end markets are nearest to commercial ramp-up, and the specifics of a prior-year bulk sale.

    Answer

    Cesar Johnston, an executive at Energous, clarified that while a few customers have multiple POCs, the majority are currently single installations. He identified logistics and real-time asset tracking as the applications closest to volume production, referencing a recent successful trial in Germany. Johnston explained that a past bulk sale was a strategic, one-time investment with partners to create evaluation kits, which significantly accelerated the adoption and growth of their IoT technology.

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    Sujeeva De Silva's questions to Energous (WATT) leadership • Q2 2023

    Question

    Sujeeva De Silva inquired about the status of Energous' 20 Proof-of-Concept (POC) customers, seeking details on their progression towards production, the ramp-up for the one customer already in production, and visibility into the second-half revenue outlook.

    Answer

    Executive Cesar Johnston clarified that of the 20 total POCs, 8 have advanced to the proof-of-validation stage. He noted the one production customer, a Fortune 100 company in logistics, went from concept to production in 6-9 months. Johnston confirmed the company's guidance for over 20% year-over-year revenue growth, which is weighted to the second half and is expected to be driven by more than one production system contributing revenue by Q4.

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