About Austin
👋 Hi! I’m Austin Lyons, the author of Chipstrat and tech analyst at Creative Strategies. Chipstrat is my newsletter in which I take an interdisciplinary approach to analyzing semiconductors and AI.
I earned a graduate degree in Electrical Engineering from the University of Illinois Urbana-Champaign, where I published research in nanoelectronics and semiconductor physics under the guidance of Prof. Eric Pop (now at Stanford). I later worked for Intel Corporation in Austin, TX, before my entrepreneurial itch pulled me away to startupland as a cofounder and later software engineer.
My training is technical, but I’m equally interested in the business of semiconductors and have my MBA from the University of Iowa.
Read more about my journey here:
Below are some older articles to get going, or start with the latest from the Chipstrat Archive.
Startups & Recent IPOs
XPUs
AI Networking
Automotive
Nvidia
Chiplets
Robotics
AMD
Apple
Edge AI
… And there’s plenty more in the Chipstrat Archive.
I’ll reorganize everything with reverse chronological order within each group:
Company Deep Dives
Nvidia
Nvidia, AMD, Amkor, Arista @ UBS Tech Conference (Dec 8, 2025)
Nvidia Q3 Earnings (Nov 21, 2025)
Nvidia’s Climb to $4T and the Peaks Ahead (Jul 22, 2025)
Thinking Bots + Nvidia’s Robotics Play (Jul 2, 2025)
Jensen, We’re With You. But We’re Not There Yet. (Mar 27, 2025)
Nvidia 4Q25 Earnings (Mar 4, 2025)
The Power of Nvidia’s Systems Thinking Approach (Jan 3, 2025)
Jensen The Great and His 50% Edge AI Price Cut (Dec 23, 2024)
Nvidia and Microsoft - LLM-Powered Copilots Impact (Mar 5, 2024)
Amazon’s Nvidia Entanglement (Feb 26, 2024)
Nvidia’s Risk (Feb 17, 2024)
AMD
AMD & Apple Earnings (Nov 6, 2025)
AMD’s Strategic Bets (Jun 24, 2025)
Enterprise AI: Nvidia, Dell, and Implications for AMD (Jun 4, 2025)
AMD’s AI Accelerator Business: Puts and Takes (Feb 17, 2025)
AMD’s AI Woes & Trust Crisis (Dec 30, 2024)
AMD’s Earnings: Playbook Strength and New Strategic Update (Aug 4, 2024)
Lisa Su - Steady As She Goes (Jun 14, 2024)
Rethinking AMD (May 6, 2024)
Can AMD Bridge Nvidia’s Software Moat? (Apr 1, 2024)
Intel
Intel is “All In On 14A” (Nov 19, 2025)
Intel Q3 2025 Earnings: Doing Fine (Oct 24, 2025)
TSMC Earnings and Intel Foundry (Oct 17, 2025)
Intel’s 18A: Misstep or First Step? (Jul 10, 2025)
Intel Foundry’s Cultural Reboot (May 2, 2025)
What Happens If TSMC Controls It All? (Jan 7, 2025)
Gelsinger Retires; Intel’s Future (Dec 2, 2024)
Why America Must Invest in Intel Foundry (Nov 27, 2024)
Intel’s AI PC Mirage (Sep 18, 2024)
IDM Death Spiral (Sep 13, 2024)
Intel Skips 20A (Sep 11, 2024)
Understanding Intel, Part 2 (Aug 30, 2024)
Understanding Intel (Aug 17, 2024)
Intel CPU follow-up, Nvidia Superchips, AMD MI300A (Jun 28, 2024)
Is Intel’s CPU Role Diminishing In The Age of AI? (Jun 21, 2024)
Qualcomm
Qualcomm Automotive Primer (May 16, 2025)
Qualcomm’s Opportunity (May 19, 2024)
AI Phones: Qualcomm Gets It (Oct 30, 2024)
Android, AI, and Qualcomm Phones (Nov 1, 2024)
Qualcomm + Intel (Sep 23, 2024)
Apple
WWDC25: Apple’s Playing a Different Game (Jun 16, 2025)
Apple’s AI Strategy (Jan 25, 2025)
Arm
An Interview With Mohamed Awad About Chiplets (Oct 15, 2025)
Building the Chiplet Ecosystem (Aug 20, 2025)
Arm’s Edge AI Strategy: Is It Enough? (Dec 9, 2024)
Arm’s Journey to Value-Based Pricing (Jul 11, 2024)
Broadcom & Marvell
When Broadcom’s Customers Start Buying Chip Startups (Oct 29, 2025)
Right-Sized AI Infrastructure. Marvell XPUs (Oct 7, 2025)
AI Chip Startups
MatX Prediction (Nov 25, 2024)
Etched’s Oasis: Creating a Market For Sohu (Nov 2, 2024)
Groq’s Business Model, Part 3: Competing with Google, AWS, Microsoft (Oct 25, 2024)
Groq’s Business Model Part 2 (Oct 21, 2024)
Groq’s Business Model, Part 1: Inference API (Oct 14, 2024)
Chipstrat Chat with Groq’s Mark Heaps (Oct 4, 2024)
Etched: Silicon Valley’s Speedrun (Jul 3, 2024)
The Rise of Groq: Slow, then Fast (Jun 9, 2024)
Other Companies
Understanding SkyWater (Nov 14, 2025)
Credo AECs (Sep 22, 2025)
Eliyan: The Ultimate Chiplet Interconnect (Aug 15, 2025)
Chipstrat Chat with Jared O’Leary, CEO of SirenOpt (Jan 14, 2025)
ZML’s Hardware-Agnostic Distributed Inference (Sep 4, 2024)
Hardware as a Differentiator: Block’s Unique Approach (Jul 26, 2024)
Jack Dorsey’s Bitcoin Push (Jul 31, 2024)
Technical Topics
Networking & Interconnects
SerDes Matters! (Oct 22, 2025)
GPU Networking Basics Part 3: Scale-Out (Sep 8, 2025)
GPU Networking Basics, Part 2 (Apr 10, 2025)
GPU Networking Basics, Part 1 (Mar 19, 2025)
Chiplets & Advanced Packaging
An Interview With Mohamed Awad About Chiplets (Oct 15, 2025)
Building the Chiplet Ecosystem (Aug 20, 2025)
Eliyan: The Ultimate Chiplet Interconnect (Aug 15, 2025)
Chiplets and the Future of System Design (May 29, 2025)
The Long Arc of Semiconductor Scaling (May 9, 2025)
Memory
High-Bandwidth Memory (Nov 13, 2024)
Memory: From Caches to Commodity Cycles (Jul 18, 2024)
Chip Types & Architectures
🎧 Chipstrat + The Circuit - Episode 70 - NPUs (Jun 3, 2024)
FPGAs - Speed of Hardware, Flexibility of Software (Apr 13, 2024)
GPU Bloat Stifles AI (Feb 2, 2024)
ASICs: Custom Chips to Improve Performance (Jan 11, 2024)
GPUs: General-Purpose Parallel Computing (Jan 1, 2024)
CPUs: Hardware, Yet Infinitely Adaptable Through Software (Dec 21, 2023)
Testing & Manufacturing
Semiconductor Metrology (Dec 17, 2024)
X86 Commoditization and Competition (Nov 4, 2024)
Monopsony and TSMC (Oct 26, 2024)
Industry Segments & Applications
AI Infrastructure & Data Centers
The Four Horsemen: Google, Microsoft, Amazon, Meta Earnings (Nov 4, 2025)
Right-Sized AI Infrastructure. Marvell XPUs (Oct 7, 2025)
AWS Is Missing the AI Infra Moment (Aug 6, 2025)
Enterprise AI: Nvidia, Dell, and Implications for AMD (Jun 4, 2025)
CPU Server Growth, Enterprise AI Agent Adoption Challenges (Jan 18, 2025)
Data Center Energy, National Security, Nuclear Power (Oct 2, 2024)
Edge AI & Client Devices
Edge AI at CES 2025 (Jan 10, 2025)
Tokens Per Second Per Watt: A Useful Metric for Edge AI (Nov 22, 2024)
Follow Ups: Intel AI PC, Qualcomm, Apple Intelligence, Microsoft Recall, Nuclear Power (Oct 8, 2024)
The Future of Edge Inference Hardware (Apr 22, 2024)
Anticipatory Intelligence and the Return of Windows (May 23, 2025)
DeepSeek Pulls Forward Copilot+ PC adoption (Feb 3, 2025)
Automotive & Physical AI
Rivian’s Silicon & Physical AI (Dec 3, 2025)
Qualcomm Automotive Primer (May 16, 2025)
Robotics & Computer Vision
Thinking Bots + Nvidia’s Robotics Play (Jul 2, 2025)
Robots That See, Part 2: Vision Transformers (Apr 23, 2025)
Robots That See, Part 1: The Evolution of Computer Vision (Apr 18, 2025)
AI Models & Research
Dispelling DeepSeek Myths, Studying V3 (Mar 11, 2025)
DeepSeek Mixture of Experts & V2 (Feb 24, 2025)
Reasoning Models and DeepSeek, Semis Implications (Feb 10, 2025)
DeepSeek Pulls Forward Copilot+ PC adoption (Feb 3, 2025)
Why GenAI is Good for Google (Jul 30, 2025)
GenAI for Gaming, Netflix, CapEx (Nov 7, 2024)
Meta & Contextual AI at the Edge (Dec 4, 2024)
Industry Analysis & Business
Semis Funding Heats Up, Groq, Block and China (Aug 9, 2024)
🎧 Chipstrat + The Circuit Podcast (Mar 21, 2024)
Personal Update (Feb 3, 2025)
Welcome to Chipstrat (Dec 20, 2023)