Dylan PatelFounder and Chief Analyst, SemiAnalysis · The semiconductor-AI stack

Introducing STEEL — SemiAnalysis Teardown Engineering & Evaluation Lab

16 Jul 2026 · 0 min

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0:28

Dylan Patel introduces STEEL, a lab that performs complete teardowns of semiconductor hardware. The team analyzes everything from packaging down to transistors, examining materials, processes, integration, electrical engineering, architecture, and design.

Wags, can you tell me what's the STEEL team and what is a teardown, high level? Right, we take it from the box we get it in all the way down to the transistor and everything in between. And so a teardown goes into every aspect of that: materials, process, integration, electrical engineering, architecture, design, every kind of piece of that puzzle that we can look at. That's what we're spinning up this lab, this STEEL, and that's what we're doing.

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