SemiAnalysis, founded in 2020 by Dylan Patel, transformed from a semiconductor supply chain blog to a capital allocator.

It is now a boutique research and consulting firm that focuses on the semiconductor, AI infrastructure, and hardware industries.

It provides deep-technical analysis, industry models, and data-driven insights bridging the gap between chip technology and business strategy.

In April, their projected 2026 revenue hit $100M+, up from $20M in 2025. By July, they targeted a $400M debut fund per securities filings.

In September, SemiAnalysis co-led an $875M round for Positron AI and acquired Citrini Research for global intelligence advancement.