ASMIY - ASM International: Leader In ALD Technology And Targeting The Gen AI Market

2024-02-12 22:38:43 ET

Summary

• ASM is the leader in Atomic Layer Deposition, the finest technique available in the market.
• The growth of generative AI is fueling the need of advanced chips and memory, structured on sub-3 nm nodes where ALD excels.
• Other segments such as Silicon Epitaxy and Silicon Carbide Epitaxy could benefit from a Wafer Equipment Market rebounding in 2025 and onward.
• The balance sheet is healthy, and my DCF indicates upside potential. To me, it’s a Strong Buy.

My thesis

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