July 6, 2025 10:11 PM GMT Greater China Semiconductors | Asia Pacific China WFE outlook remains strong in 2H25 and 1H26 We remain positive on China's wafer fab equipment (WFE) market, thanks to better-than-expected logic foundry demand in 2H25 and ongoing share gains driven by localization demand. We expect a robust 2H25 for China WFE: After our Asia Semi trip (Semiconductors: Takeaways from Taiwan/Beijing (30 Jun 2025), European Semiconductors: Our takes from Taiwan (1 Jul 2025)), we now foresee much stron ...

Group 1 - Applied Materials (NASDAQ: AMAT) is the broadest supplier of semiconductor equipment and is well positioned to benefit from industry megatrends, particularly in AI [1] - Long-term growth in wafer fab equipment (WFE) spending is expected to continue at a high-single-digit rate [1] - The company has a strong affinity towards the technology sector, focusing on being at the forefront of technological advancements [1] Group 2 - The analysis is shaped by extensive experience in equity research and investment banking services, advising on M&A transactions, capital raising, and strategic financial planning [1] - There is a commitment to bridging the gap between institutional-grade analysis and retail investors' access to high-quality, data-driven insights [1]

26 May 2025 Global Semiconductor Capital Equipment Global Semicap Tracker (Apr 25): +8% YoY; TEL may beat Q1 David Dai, CFA +852 2918 5704 david.dai@bernsteinsg.com Stacy A. Rasgon, Ph.D. +1 213 559 5917 stacy.rasgon@bernsteinsg.com Qingyuan Lin, Ph.D. +852 2123 2654 qingyuan.lin@bernsteinsg.com Juho Hwang +852 2123 2632 juho.hwang@bernsteinsg.com Xuan Ji +852 2123 2667 xuan.ji@bernsteinsg.com Arpad von Nemes +1 917 344 8461 arpad.vonnemes@bernsteinsg.com Zheng Cui +852 2123 2694 zheng.cui@bernsteinsg.com T ...