Zhi Tong Cai Jing·2026-01-07 07:48Core Viewpoint - ASMPT's stock rose over 6%, reaching HKD 90.8, with a trading volume of HKD 240 million, indicating strong market interest in the company [1] Group 1: Market Growth Projections - Huatai Securities is optimistic about the storage supercycle driving accelerated growth in the semiconductor industry [1] - According to WSTS forecasts, the global storage market is expected to grow by 39.4% year-on-year in 2026, surpassing the 27.8% growth rate of 2025 [1] - TrendForce predicts a 26% increase in DRAM Bit demand and a 21% increase in NAND Bit demand in 2026, compared to 22% and 15% in 2025 respectively [1] Group 2: Key Growth Drivers - The main growth points in the industry include HBM4 for GPU applications and eSSD for AI inference [1] - Reports from mid-December indicated that SK Hynix ordered a batch of new thermal compression bonding machines (TCB) from ASMPT to support HBM4 production [1] - SK Hynix plans to order an additional 100 HBM4 TCBs by March 2026 to align with the expansion of its Cheongju M15X wafer fab, leading to increased competition for orders among ASMPT, Hanmi, and Hanwha [1] Group 3: Competitive Landscape - If Korean manufacturers cannot resolve patent disputes quickly, ASMPT may further expand its market share and potentially dominate the supply of HBM4 equipment [1]