Zhi Tong Cai Jing·2026-01-07 07:49Core Viewpoint - ASMPT's stock rose over 6%, reaching HKD 90.8, with a trading volume of HKD 240 million, indicating positive market sentiment towards the company and the semiconductor industry driven by a storage supercycle [1] Industry Summary - Huatai Securities is optimistic about the semiconductor industry's accelerated growth due to a storage supercycle, predicting a 39.4% year-on-year increase in the global storage market by 2026, surpassing the 27.8% growth rate of 2025 [1] - TrendForce forecasts a 26% increase in DRAM Bit demand and a 21% increase in NAND Bit demand for 2026, compared to 22% and 15% in 2025 respectively [1] - Key growth drivers in the industry include HBM4 for GPUs in the Rubin series and eSSD for AI inference [1] Company Summary - SK Hynix has placed an order with ASMPT for new thermal compression bonding machines (TCB) to support HBM4 production, with plans to order 100 additional machines by March 2026 to align with the expansion of its Cheongju M15X wafer fab [1] - The competition for orders among ASMPT, Hanmi Semiconductor, and Hanwha is expected to intensify, but if Korean manufacturers cannot resolve patent disputes quickly, ASMPT may further increase its market share and potentially dominate HBM4 equipment supply [1]