Embedded Intelligence & Power Silicon

Phil Fisher’s thesis

As more machines and devices sense, compute and manage power locally, embedded-chip franchises can compound through engineering expertise, long product lives and durable customer relationships. The technology selloff offers a reason to revisit these businesses, favoring established product portfolios over speculative infrastructure spending. Valuation still matters: Arm's premium and semiconductor cyclicality are meaningful risks, and customer design wins must translate into durable cash generat