Neosem is showing strong performance. The explosive increase in demand for artificial intelligence (AI) semiconductors and the attention on next-generation memories such as HBM and CXL appear to be influencing the stock price, supported by securities firms' analyses predicting benefits.
As of 9:25 a.m. on the 4th, Neosem is trading at 16,390 KRW, up 10.37% from the previous day.
Namgung Hyun, a researcher at Shinhan Investment Corp., stated, "It is time to focus on the visibility of next-generation memory product lines as new equipment related to HBM and CXL is supplied," adding, "With the increase in server memory capacity and portfolio diversification, mid- to long-term growth is expected from next year." He further added, "Along with earnings growth, a positive trend in the stock price is also anticipated."
He analyzed, "Neosem is a semiconductor backend process equipment manufacturer conducting final testing," and "It holds all three global memory companies as clients." Additionally, he emphasized, "Sales are estimated to reach 149.8 billion KRW and operating profit 29.2 billion KRW next year, representing increases of 35% and 183%, respectively, compared to this year."
Oh Hyunjin, a researcher at Kiwoom Securities, said, "On the 3rd, Neosem was identified as the first in the world to supply CXL 2.0 memory mass production inspection equipment to a major domestic IDM company." He added, "Attention should be paid to the fact that Intel recently launched a CPU supporting CXL 2.0, and major domestic clients are also focusing on developing CXL-based DRAM technology."
Researcher Oh explained, "Through advanced deliveries compared to competitors, expectations for follow-up orders are possible," and "Neosem is also understood to be leading the development of inspection equipment supporting CXL 3.0."
According to market research firm Yole Intelligence, the CXL market is projected to grow to $2.1 billion in 2026 and $15 billion in 2028. Researcher Oh forecasted, "Additional upward revisions of profit forecasts are possible depending on new equipment performance and a rebound in the upstream market," and "Neosem's leading position in the next-generation memory inspection equipment market, including CXL, will significantly enhance its mid- to long-term growth potential after 2026."
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