China Semis_ Rising domestic supply in mature nodes driven cycle - initiating Hwatsing, Piotech, Nexchip at Buy
standard chartered·2024-10-07 16:08
2 October 2024 | 8:59AM HKT _ China Semis Rising domestic supply in mature nodes driven cycle - initiating Hwatsing, Piotech, Nexchip at Buy We expand our coverage within the semiconductor equipment (SPE) and foundry space and see Hwatsing (SPE, CMP tool), Piotech (SPE, deposition tool), and Nexchip (Foundry, DDIC / CIS) as well positioned to benefit from capacity expansion and customers' need for supply chain diversification in the current geopolitical environment. We expect China Semi Capex to climb quick ...