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@CWL1 and Hi to all,
interesting thought pattern. I would have put Rohm into the corner of Tokyo Electron.
Having read your article I revisted some conference notes with Guido answering questions and making comments.
"Market leader is Tokyo Electron"
"our tool is up to their specs and better"
-lower cost of ownership
-fully automated
-upgrade possibility from 6 to 8'
"task is to convert customers on their next investment cycle"
Maybe they succeeded to convert ROHM. Regards
baggo-mh
@CWL1
Could you please helpme out here? If I search for 3714 at the Taiwan Stock exchange - I get the following message.
EPISTAR Corporation (Code:2448) and Lextar Electronics Corp. (Code:3698) will transfer its shares to ENNOSTAR Inc. (Code:3714) in accordance with the Business Mergers and Acquisitions Act and become a 100% owned subsidiary of ENNOSTAR Inc.. The trading of EPISTAR and Lextar’s listed securities will be suspended from December 24, 2020. Share transfer between December 26, 2020 and January 6, 2021 is prohibited . The securities will be delisted on January 6, 2021. ENNOSTAR's securities will be listed and available for exchange on January 6, 2021.
So, would it be correct to assume the following:
- Epistar is history
- ENNOSTAR the new star on the Aixtron horizon
- Fucai and Ennostar is one and the same entity
- Investors of the recent capital raise of ENNOSTAR are - 2409 AU Optronics and 3481 Innolux
Thanks for your input.
You certainly deserve the "I love your research/comments button"
Maybe we can see eachother again in 2023 at the AGM and share a few drinks with whoever is interested in a personal meeting.
Regardsbaggo-mh
Hi CWL1,
we should make it a plan to re-unite at AGM 2023.
I am sure Guido will make it possible for you to attend.
It would be great to meet a few of the old time "Aixtroneers" from here and from Wallstreet Online (kloben, solartec for example)
Alexandrow is from the Aachen area originally and knows a few places to have good food and a few drinks. Champagne (but not only) for our friend from France, Pinotin for the entrepreneurial wine lovers, smoky Islay single malts and of course lots of beer and wheat beer.
MicroLED will be a huge market, but the growth rates in SiC will outexcellarate it (in value terms) in the near future.
Foxconn is part of the game now too, but not Aixtron customer yet.
https://www.automobil-industrie.vogel.de/neue-konkurrenz-fuer-rohm-und-infineon-a-1052077/
and
https://www.elektronikpraxis.vogel.de/elektroauto-ambitionen-foxconn-setzt-auf-sic-leistungshalbleiter-a-1051911/?cmp=nl-95&uuid=54ae8f6c36870be00816410ead7f0b0c
Greetings baggo-mh
Correction is an opportunity: Up to BUY from HOLD
Correction with the semi equipment market. 5 weeks ago, Aixtron shares surpassed the AlsterResearch price target or EUR 27, resulting in a valuation that fully reflected the quality of the business and the growth perspectives at the time, triggering our downgrade to HOLD. Relative valuation showed a significant premium to a broad semiconductor equipment peer group, and only a small discount to ASML (11% on EV/EBITDA 23E). Since then, shares of Aixtron have experienced a significant rerating by 23%, correcting even more sharply than the peer group and widening the discount to ASML to 16%.
On its own cycle. The market correction is driven by fears of a cyclical downturn of semiconductor end markets, which tends to hit the equipment manufacturers hardest. However, this is not doing Aixtron justice, as it is increasingly serving uncorrelated end markets with strong structural growth drivers, like the SiC power market, which is driven by electric vehicles and charging stations, and the potentially huge and only now emerging market for Micro LEDs. Order activity thus looks set to remain buoyant into H2.
Quality not in doubt. Over time, Aixtron has steadily gained market share and now has a near-monopoly position in the MOCVD market for the deposition of compound semiconductors. This allows the company to widen the gap to the competition with the help of a generous R&D budget. Pricing power is thus likely to improve further. At the same time, the weaker EUR versus the USD is supportive of the gross margin and might provide upside to the guidance of a gross margin of 41% and EBIT margin of 21-23% for 22E.
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AIXTRON: Short-Engagement von Canada Pension Plan Investment Board zurückgefahren - Aktiennews
reduced form 1,97% to 1,84%
https://www.aktiencheck.de/exklusiv/...ckgefahren_Aktiennews-14617366
Groundbreaking for Infineon's Malaysian plant
The total investment is about 14.4 billion
According to foreign media reports, on July 7, Infineon invested more than 2 billion euros (about 14.4 billion yuan in total) to officially lay the foundation stone for the third plant built in Kulim, Malaysia. The construction is expected to be completed in the third quarter of 2024, creating About 900 jobs.
Infineon said that the plant mainly involves key processes such as epitaxy and wafer cutting , and will significantly expand the production capacity of wide-bandgap (silicon carbide and gallium nitride) semiconductors. The first batch of wafers is planned to be produced in the second half of 2024 . goods.
Moreover, when its Kulim 3 plant is fully equipped, it will generate additional annual revenue of 2 billion euros for Infineon from silicon carbide and gallium nitride products.
In the next few years, Infineon's 6"/8" silicon production line in Villach, Austria will also be retrofitted for the production of SiC and GaN, serving as an innovation base and global competence center for their wide bandgap technology, aiming for this century $1 billion in revenue from SiC-based power semiconductors in the medium term .
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