Networking Analyst

SemiAnalysis•San Francisco, CA

1d•Onsite

About The Position

SemiAnalysis is an independent research and analysis firm specializing in the Semiconductor and AI industries. Our in-depth coverage spans the entire supply chain, from semiconductor fabrication processes to cutting-edge AI Models, software, and infrastructure. We are recognized as the leading authority on the semiconductor supply chain, with the highest concentration of industry experts within one team, and a deep-rooted passion for delving into the intricacies. We are a global team of analysts, each with extensive networks across the semiconductor supply chain and AI ecosystem, publishing industry shaping articles while participating in numerous conferences annually. Our newsletters reach more than 200,000 subscribers worldwide, including senior management and c-suite leaders at the leading semiconductor and AI companies. We also offer three core products: Industry Models – we develop and publish industry models on accelerator shipments, datacentre demand and supply, GPU total cost of ownership, and more. We work with hyperscalers, neoclouds, many of the world’s largest hedge funds, and government agencies. Core Research – our public equity markets product, geared towards financial investors, distils our deep technical research and knowledge into key insights on technology and product trends. Consulting and Technical Due Diligence – We conduct custom research and project work to guide key strategic and investment decisions for the largest private equity funds, leading venture capital firms, companies across the AI ecosystem, and government agencies.

Requirements

0–1 years of experience in equity research, investment banking, the buy-side, start-up or a similarly analytical environment
Multi-disciplinary and independent thinkers with a sense of curiosity and interest in technology. We prefer sharp generalists and a technical background is nice to have but not required.
Proficient in three-statement and industry financial modelling; strong Excel skills essential
Strong research skills — able to synthesize technical and financial information from multiple sources into clear insights
Excellent written and verbal communication skills, able to convey complex technical ideas clearly
Familiarity with AI tools, Python or other analytical tools preferred; PowerPoint and Excel proficiency preferred
Comfortable working independently with a globally distributed team, and willing to work full-time in-office. This position is based in San Francisco.

Nice To Haves

Prior knowledge in networking/telecom/hardware is nice to have but not required
a technical background is nice to have but not required

Responsibilities

Build and maintain components of the AI Networking Model and Dashboard — covering scale-up/scale-out/scale-across architectures, backplane/midplane and rack designs, and switch/transceiver/connector BOM economics
Track and model the copper-to-optics transition: pluggables vs. CPO, ZR/ZR+ coherent optics, DWDM, ROADMs/AWGs, and emerging technologies like optical circuit switching (OCS — SiPho, MEMs, liquid crystal)
Follow earnings calls and disclosures from networking/optics suppliers (e.g. Arista, Cisco, Coherent, ADI) to update models and write analyst notes on design wins, TAM shifts and technology transitions
Analyze how cost, power, cooling and supply-chain constraints (memory, financing, wafers) interact with networking architecture decisions
Build and maintain three-statement/industry financial models and scenario-based forecasts; prepare research reports, presentations and client deliverables
Represent SemiAnalysis at industry conferences, build primary-source relationships with vendors, hyperscalers and technologists, and channel those conversations back into research