[Remote] (Senior) Equity Research Analyst - Semiconductors (m/f/d)

Note: The job is a remote job and is open to candidates in USA. BIT Capital is hiring an equity research analyst to own semiconductor coverage and contribute original investment theses to its concentrated portfolio. The role involves bottom-up company research, financial modeling, investment idea development, and use of alternative data and AI tools, with potential coverage of adjacent technology areas.

Responsibilities

• Coverage & research. Run bottom-up fundamental research on semiconductor companies worldwide: chipmakers, equipment, materials, memory, and the hardware stack around them
• Asymmetric returns. Surface ideas before consensus, then research, pitch, and defend concentrated, high-conviction positions, carried through to a decision and measured by the alpha they generate
• Quantamental innovation. Combine fundamental judgment with our proprietary alternative data and, alongside our quant team, advanced ML and AI to build actionable models
• Financial modeling. Decompose business models from first principles (Volume x Price x Mix x Margin) and build valuations tailored to each sub-sector's economics
• Networks & conviction. Cultivate relationships with sector experts and management teams, and convert conviction into sized positions

Skills

• You understand the semiconductor industry at both a technical and a business level
• You have 2+ years researching investments in a relevant sector, ideally semiconductors, on the buy-side or in a research-heavy environment (equity research, private equity, or investment banking)
• You have a track record of differentiated investment writing: a contrarian view you sized and defended under pushback
• You are comfortable with alternative datasets and basic data tools (Python or SQL)
• You hold a strong academic record in a technical field such as Engineering, Computer Science, Physics, or Mathematics
• You are passionate about technology, public-market investing, and the businesses behind the products
• You operate by first principles: you decompose a thesis into its drivers, rebuild it from observable inputs, and treat being proven wrong by data as learning, not defeat
• You are an "AI Native" who makes AI and quantitative tools standard infrastructure in your research
• You are intellectually rigorous: you stress-test assumptions and seek disconfirming evidence to form an independent view
• You are self-driven and entrepreneurial, in it for the long term, where logical argument outweighs hierarchy
• Adjacent coverage of batteries or consumer devices is a plus
• Ideally a thesis you can point to
• Fluency with semiconductor cycles or Asian and Chinese names is a bonus

Benefits

• Real influence over a concentrated, high-conviction portfolio.
• Work with terabytes of data, advanced research tools, and proprietary alternative data.
• A motivated, international team of 15 nationalities, flat hierarchies, and direct access to the management team and investors.
• Day 1 ownership of challenging, varied work, a steep learning curve, and a transparent, appreciative feedback culture.
• A meaningful variable compensation component tied to fund performance.
• Relocation and visa support, if needed.

Company Overview