"Increased Possibility of US Market Entry for Semiconductor Material Sector...Expectations for Stock Price Revaluation"

[Asia Economy Reporter Park Jihwan] An analysis has been raised that the stock prices of domestic semiconductor material-related companies could be re-evaluated. This is because, as the United States proceeds with a foundry investment worth 20 trillion won in Samsung Electronics, the possibility of domestic semiconductor material companies establishing local factories in the U.S. has increased.

On the 25th, Kim Dongwon, a researcher at KB Securities, said, "The scale of new foundry investments to be executed in the U.S. over the next three years is expected to reach about 158 trillion won," adding, "By company, TSMC 115 trillion won, Intel 23 trillion won, Samsung Electronics 20 trillion won."

He emphasized, "If Samsung Electronics' new foundry investment worth 20 trillion won materializes, domestic semiconductor material companies are highly likely to consider new factory investments in the U.S. If new foundry lines worth 158 trillion won are established in the U.S. by 2024, it will be necessary to build material production lines near the new factories to ensure timely supply of materials."

In particular, Samsung Electronics plans to invest 171 trillion won in the foundry-centered system semiconductor sector by 2030. According to researcher Kim, there is a high possibility of expanding the scale of foundry investments in the future to reduce market share shrinkage with the leading company TSMC and to widen the competitive gap with latecomers.

He said, "Hansol Chemical, which supplies foundry materials to Samsung Electronics and TSMC, will promote the construction of a local factory in the U.S. to expand foundry production capacity and diversify customers (such as Intel) in the U.S." He added, "The entry of Korean semiconductor material companies into the U.S. market means diversification of the customer base from Korea-centered to overseas companies, which is expected to directly lead to an increase in corporate value." KB Securities named SK Materials, Hansol Chemical, and Soulbrain as their top preferred stocks.