Global Semiconductors Undervalued over 20% based on DCF

First Solar

Market Cap: US$24.1b

A solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally.

MPI

Market Cap: NT$693.7b

Manufactures, processes, repairs, imports/exports, and trades in semiconductor manufacturing and testing equipment in Taiwan, China, the United States, Singapore, Korea, and internationally.

GlobalWafers

Market Cap: NT$645.5b

Researches, develops, designs, manufactures and sells semiconductor ingots/wafers in Taiwan and internationally.

LONGi Green Energy Technology

Market Cap: CN¥89.4b

Manufactures and sells monocrystalline silicon wafers, solar modules, and green hydrogen equipment in China, Europe, the Asia Pacific, and the United States.

Cirrus Logic

Market Cap: US$7.4b

A fabless semiconductor company, develops mixed-signal processing solutions and audio products in China, the United States, and internationally.

JA Solar Technology

Market Cap: CN¥24.7b

Engages in the production and sales of monocrystalline silicon rods and wafers in Europe, Africa, China, the United States, Asia, Oceania, and internationally.

Socionext

Market Cap: JP¥466.9b

Designs, develops, manufactures, and sells system-on-chip (SoC), and solutions/services centering on SoC worldwide.

Shibaura Mechatronics

Market Cap: JP¥347.9b

Develops, manufactures, and sells manufacturing equipment for flat panel displays (FPDs), semiconductors, and electronic components in Japan, Northeastern Asia, and internationally.

SUSS MicroTec

Market Cap: €1.6b

Develops, manufactures, markets, and maintains systems to produce microelectronics, microelectromechanical systems, and related applications.

Machvision

Market Cap: NT$46.1b

Engages in the manufacturing, repair, and sale of optical inspection machinery and equipment in Taiwan, China, and internationally.

Taiwan Puritic

Market Cap: NT$45.8b

Engages in the sale and maintenance of integrated circuit semiconductors, electronics, and computer equipment products in Taiwan.

VM

Market Cap: ₩2.1t

Manufactures and sells dry etcher systems that are used for semiconductor production process in South Korea and internationally.

HANA Micron

Market Cap: ₩2.1t

Provides semiconductor back-end process packaging solutions in South Korea.

X-FAB Silicon Foundries

Market Cap: €1.0b

Develops, produces, and sells analog/mixed-signal IC, micro-electro-mechanical systems, and silicon photonics products for automotive, medical, industrial, communication, and consumer sectors in the Europe, the United States, Asia, and internationally.

Borosil Renewables

Market Cap: ₹91.5b

Engages in the manufacture and sale of flat glass products in India and internationally.

Fitipower Integrated Technology

Market Cap: NT$21.1b

Engages in the research, design, development, production, and sale of display screen integrated circuits (ICs) and power management ICs in Taiwan.

Myson Century

Market Cap: NT$19.4b

Together with its subsidiaries and designs, manufacturers, and sells integrated circuit systems in Taiwan, rest of Asia, and internationally.

HAESUNG DS

Market Cap: ₩890.8b

Manufactures and sells semiconductor components in South Korea and internationally.

M31 Technology

Market Cap: NT$18.5b

Provides silicon intellectual property (IP) design services in the integrated circuit industry.

Wonik QnC

Market Cap: ₩762.4b

Manufactures and sells quartz and ceramic wares used in the production of semiconductor wafers in Korea, Taiwan, the United States, Germany, and China.

CMTXLtd

Market Cap: ₩726.0b

Manufactures semiconductor equipment materials and parts.

Duk San NeoluxLtd

Market Cap: ₩702.5b

Develops and manufactures OLED materials for display industry in South Korea.

Tazmo

Market Cap: JP¥68.2b

Together with subsidiaries engages in the development, manufacturing, and sales of semiconductor manufacturing equipment in Japan, Taiwan, China, South Korea, Vietnam, rest of Asia, North America, and Europe.

D.I

Market Cap: ₩583.9b

Manufactures and supplies semiconductor inspection equipment in South Korea and internationally.

SUNIC SYSTEM

Market Cap: ₩495.8b

Manufactures and sells OLED deposition equipment and semiconductor vacuum equipment in Korea.

Nepes

Market Cap: ₩476.2b

Engages in the semiconductor, chemical, and energy businesses in South Korea.

INTEKPLUS

Market Cap: ₩471.5b

Develops and supplies semiconductor packages and visual inspection equipment.

Worldex Industry & Trading

Market Cap: ₩465.6b

Manufactures semiconductor and display materials, and consumable parts in South Korea and internationally.

Fine Semitech

Market Cap: ₩421.5b

Develops and supplies products to semiconductor and FPD industries in South Korea and internationally.

NEXTIN

Market Cap: ₩394.1b

Manufactures defect inspection and metrology systems for semiconductor and display industries in South Korea.

Advanced Process Systems

Market Cap: ₩291.3b

Develops and sells semiconductors and display manufacturing equipment primarily in South Korea, China, and Vietnam.

NC Chem

Market Cap: ₩285.4b

Produces and sells fine chemical materials for semiconductors in South Korea.

Rafael Microelectronics

Market Cap: NT$4.8b

Engages in the research, design, manufacturing, and sale of radio frequency integrated circuits, systems, and related products in Taiwan, China, Asia, Europe, and the Americas.

Golden Long Teng Development

Market Cap: NT$4.4b

Engages in the real estate leasing in Taiwan.

Y.A.C. Holdings

Market Cap: JP¥22.2b

Provides mechatronics, display, industrial machinery, and electronics related products in Japan and internationally.

D & O Green Technologies Berhad

Market Cap: RM 525.4m

Through its subsidiary Dominant Opto Technologies Sdn Bhd, manufactures and sells automotive surface mount technology light emitting diodes in Asia, Europe, North Americas, and internationally.