ASM International's Exposure to TSMC Undervalued by Investors -- Market Talk
Dow Jones01-06 21:19
1319 GMT - Investors aren't properly valuing ASM International's large exposure to Taiwan Semiconductor Manufacturing Company, analysts at UBS write. As TSMC increases its investment into wafer manufacturing--which UBS forecasts to rise by 21% year-on-year in 2026--ASMI will benefit, they say. Revenue from ASM's foundry and logic segment will increase faster than expected, while growth in demand for artificial intelligence memory is also under-appreciated by investors, the analysts add. ASM gains 4.7%, beating out its European semiconductor peers to trade at close to a one-year high.(josephmichael.stonor@wsj.com)
(END) Dow Jones Newswires
January 06, 2026 08:19 ET (13:19 GMT)
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