SemiAnalysis Acquires Citrini Research to Merge AI Research Powerhouses

SemiAnalysis has acquired thematic investment research firm Citrini Research, marking a significant consolidation in the independent research sector during the AI boom. Founders Dylan Patel and James van Geelen confirmed the deal on September 11, though financial terms remain undisclosed. Citrini Research will maintain operational independence for now, with van Geelen continuing as CEO while reportedly planning to launch a new fund. The merger combines SemiAnalysis's deep technical expertise in semiconductor supply chains and AI hardware with Citrini's influence in public market investment analysis, aiming to bridge the gap between AI infrastructure development and stock market performance.