SNPS - PDF Solutions: One Of The Scarcest Assets In The Semiconductor Industry
2024-07-12 11:50:00 ET
Summary
- PDF Solutions collects and analyzes data that helps customers lower the total cost of semiconductor design and manufacturing, accelerate time to market, and improve overall product quality and reliability.
- From both a product development standpoint as well as a financial perspective, PDF's business model transition has taken a long time to evolve.
- The Company is forecasting a 20%+ long-term revenue CAGR, with potential upside likely driven by DFI's ultimate success.
- While PDF is clearly a complicated investment, the reality is this Company is one of the scarcest assets in the semiconductor industry, an industry that I believe has structural growth characteristics for decades to come.
The following segment was excerpted from this fund letter.