[Click eStock] "Hanmi Semiconductor Benefits from Surge in Machine Learning Computation Demand"

[Asia Economy Reporter Hyungsoo Park] NH Investment & Securities analyzed on the 7th that Hanmi Semiconductor is expected to benefit from the recent surge in machine learning demand. The target stock price was raised from the previous 15,000 KRW to 18,000 KRW.

Do Hyunwoo, a researcher at NH Securities, explained, "NVIDIA's latest high-performance product H100 is most widely used for machine learning computations," adding, "Demand for high-bandwidth memory (HBM3) is expected to increase."

He continued, "The recently developed HBM 3 is equipped with 1,024 data transmission lanes and secures a data transfer rate of 6.4 Gbps per pin, enabling data processing of 819 GB per second."

Researcher Do introduced, "Hanmi Semiconductor supplies bonding equipment that attaches HBM, which accompanies high-performance GPUs essential for artificial intelligence computations."

Hanmi Semiconductor is estimated to achieve sales of 345.1 billion KRW and operating profit of 134.2 billion KRW this year, representing increases of 1%, and 9% respectively compared to last year.

He expressed expectations, saying, "The mass production of hybrid bonding processes that vertically stack logic dies and memory dies is also a growth factor going forward." He added, "AMD and TSMC name the hybrid bonding technology V-Cache and apply it to some Ryzen 7 models," and "Hanmi Semiconductor is developing equipment used in the hybrid bonding process."