MUNICH, Nov. 19, 2025 (GLOBE NEWSWIRE) -- SEMICON EUROPA – ACM Research, Inc. (“ACM”) (NASDAQ: ACMR), a leading supplier of wafer and panel processing solutions for semiconductor and advanced packaging applications, today announced the delivery of its first Ultra Lith Baker (“Ultra Lith BK”) system to a leading global display panel manufacturer. The system is engineered to address industry-wide challenges in advanced lithography, including process non-uniformity, thermal drift, and critical dimension (“CD”) ...

长江证券研报指出，北方华创2025Q3归母净利润为19.22亿元，同比增长14.60%；前三季度归母净利润 为51.30亿元，同比增长14.83%。半导体业务国产替代空间广阔，平台型龙头公司行稳致远。公司作为 国内半导体设备国资龙头公司，无论是技术层面还是产品层面都具备显著的领先优势，相关设备已在下 游一线厂商实现批量导入。且在持续的研发投入之下，公司仍在不断实现新的产品应用，产品矩阵持续 完善。在半导体设备国产替代趋势确立的大背景下，公司营收规模和盈利能力有望长期向好发展。维 持"买入"评级。 ...

Core Viewpoint - The storage industry is entering a "super cycle" driven by AI, with a significant increase in demand for high-end products like DDR5 and HBM, while supply is constrained by capacity construction cycles, leading to continuous price increases [1] Group 1: Supply and Demand Dynamics - The supply-demand gap is expected to widen further, with the global storage market entering a super cycle driven by AI [1] - DRAM and NAND demand is projected to increase significantly, with an estimated additional demand of 9EB and 200EB by 2025, potentially doubling in 2026 [1] - The construction cycle for wafer fabs is approximately 2-3 years, and with limited new capacity expected, supply growth will lag behind demand growth [1] Group 2: Domestic Expansion in China - The core logic for the expansion of the storage industry in mainland China is self-sufficiency, with significant capital expenditure expected from companies like Changxin and Changchun [2] - By 2026, the combined expansion of these two companies is projected to reach 10-12 million wafers, with total capital expenditure exceeding $16 billion [2] - The domestic storage chip demand gap is expected to be more severe than overseas, indicating a pressing need for expansion in mainland China [2] Group 3: Valuation and Market Performance - A-share storage equipment is currently undervalued, with significant price increases observed in the storage equipment sector compared to wafer fabs and modules [3] - As of November 7, 2025, companies like Tuojing Technology and Zhongwei Company have year-to-date increases of 128% and 71%, respectively, which are significantly lower than module price increases [3] - The combined market capitalization of certain A-share storage equipment companies is 311 billion, which is lower than the module segment's market capitalization of 500 billion [3] Group 4: Investment Recommendations - The global storage super cycle presents a bullish outlook for A-share semiconductor equipment, with specific recommendations for companies benefiting from high exposure to storage [4] - Key recommended stocks include Tuojing Technology, Jingyi Equipment, and Zhongwei Company, which are expected to benefit from the ongoing trends in the storage industry [4] - Additional recommendations include companies like Beifang Huachuang and Huahai Qingke, which are also positioned to benefit from the super cycle [4]

Whales with a lot of money to spend have taken a noticeably bullish stance on KLA.Looking at options history for KLA (NASDAQ:KLAC) we detected 25 trades.If we consider the specifics of each trade, it is accurate to state that 48% of the investors opened trades with bullish expectations and 28% with bearish.From the overall spotted trades, 9 are puts, for a total amount of $1,233,139 and 16, calls, for a total amount of $1,347,931.Predicted Price RangeBased on the trading activity, it appears that the signif ...

Tokyo Electron Ltd. (TOELY) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Individual investors ...

Core Insights - ASML Holding's strategic investment of €1.3 billion in Mistral AI marks a significant shift towards integrating artificial intelligence into its semiconductor tool offerings [1][10] - The investment secures an 11% stake in Mistral AI and a position on its strategic committee, facilitating deeper integration of AI into ASML's lithography systems [2][10] - The collaboration aims to enhance productivity, precision, and customer chip yields, positioning ASML to capitalize on the growing role of AI in chip design and manufacturing [3][4] Investment and Strategic Implications - By embedding Mistral's generative AI tools into its extreme ultraviolet (EUV) platform, ASML anticipates faster innovation cycles, improved time to market, and reduced development costs [3][10] - The partnership may lead to new software-driven revenue opportunities and stronger margins, moving ASML beyond traditional equipment sales [4] Market Context and Competitors - ASML is currently the sole provider of EUV lithography tools, operating within a broader ecosystem that includes competitors like Applied Materials and KLA Corporation [6][7] - Applied Materials focuses on chip fabrication equipment, while KLA specializes in process control and inspection systems, both essential for advanced chip manufacturing [7] Financial Performance and Projections - ASML's shares have increased by 47.2% year to date, outperforming the Zacks Computer and Technology sector's gain of 23.6% [8] - The Zacks Consensus Estimate for ASML's 2025 revenues is projected at $37.64 billion, reflecting a 23.2% year-over-year increase [5] - Earnings estimates for 2025 and 2026 have been revised upward, indicating a year-over-year increase of approximately 39.3% and 3.9%, respectively [14]

ab 14 November 2025 Global Research HOLT TMT Valuations, AI, Software vs. Semis, Hyperscaler Capex – Revisiting 4 Key Tech Debates in HOLT Tech Valuations Global Tech trades on a 36x HOLT Economic P/E, only being more expensive during the dot-com bubble. Fundamentals for Tech remain strong; since the Summer the sector has outpaced others on earnings revisions, with returns forecast to reach an all-time high. We highlight 71 stocks that still screen as attractive on Momentum and Valuation in the sector. AI W ...

屹唐股份回复称，屹唐股份作为集成电路设备细分领域的领先企业，拥有等离子体干法去胶设备、快速 热处理设备和干法刻蚀和等离子体表面处理设备等具备丰富规模化量产经验的产品，公司三大类设备均 可应用于HBM芯片的生产。 格隆汇11月18日｜有投资者在互动平台向屹唐股份提问：贵司有HBM高带宽存储芯片生产相关的设备 或者技术储备吗？ ...

格隆汇11月18日丨屹唐股份(688729.SH)在互动平台表示，屹唐股份作为集成电路设备细分领域的领先 企业，拥有等离子体干法去胶设备、快速热处理设备和干法刻蚀和等离子体表面处理设备等具备丰富规 模化量产经验的产品，公司三大类设备均可应用于HBM芯片的生产。 ...

截至9月30日，矽电股份股东户数1.21万，较上期增加15.30%；人均流通股862股，较上期减少13.27%。 2025年1月-9月，矽电股份实现营业收入2.89亿元；归母净利润2506.22万元，同比减少61.30%。 11月17日，矽电股份跌2.42%，成交额3.10亿元。两融数据显示，当日矽电股份获融资买入额3455.61万 元，融资偿还3297.73万元，融资净买入157.88万元。截至11月17日，矽电股份融资融券余额合计2.03亿 元。 融资方面，矽电股份当日融资买入3455.61万元。当前融资余额2.03亿元，占流通市值的9.61%。 融券方面，矽电股份11月17日融券偿还0.00股，融券卖出0.00股，按当日收盘价计算，卖出金额0.00 元；融券余量0.00股，融券余额0.00元。 资料显示，矽电半导体设备(深圳)股份有限公司位于广东省深圳市龙岗区龙城街道黄阁坑社区龙城工业 园3号厂房三楼东区、五楼中西区，成立日期2003年12月25日，上市日期2025年3月24日，公司主营业务 涉及主要从事半导体专用设备的研发、生产和销售,专注于半导体探针测试技术领域。主营业务收入构 成为：晶粒探针台54 ...