SUMCO Corp

SUMCO (3436 JP): CEO Describes Tight Supply, Rising Prices

Equity Bottom-Up
287 Views, 15 Jan 2022 13:56
EXECUTIVE SUMMARY
  • CEO Hashimoto told the Nikkei newspaper that customers are ordering silicon wafers at higher prices before they are made, even as production capacity is being increased.
  • SEMI and TSMC announcements point to rising wafer demand for at least another two years. SUMCO's expansion plans suggest at least three years.
  • We continue to recommend buying into the current weakness for the medium to long term.
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Scott Foster
Independent Insight Provider, Japanese equities
LightStream Research
JapanInformation TechnologyEquity Bottom-UpThematic (Sector/Industry)

Securities analyst covering electronics, precision equipment & robotics, engineering, construction, transport and other ... 

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