Global Semiconductors Undervalued over 20% based on DCF

Taiwan Semiconductor Manufacturing

Market Cap: NT$59.4t

Manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally.

First Solar

Market Cap: US$22.8b

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

MPI

Market Cap: NT$548.7b

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

Global Unichip

Market Cap: NT$513.9b

Engages in the research and development, production, testing, and sale of embedded memory and logic components, analog components, cell libraries, and EDA tools for various IC applications.

LONGi Green Energy Technology

Market Cap: CN¥88.8b

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$7.0b

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

Silergy

Market Cap: NT$168.9b

Designs, manufactures, and sales of various integrated circuit products and related technical services in China and internationally.

JA Solar Technology

Market Cap: CN¥22.9b

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

Shanghai Xizhi Technology

Market Cap: HK$24.8b

Designs, develops, and manufactures optoelectronic hybrid computing power solutions in China.

Melexis

Market Cap: €2.8b

Designs, develops, tests, and markets advanced integrated semiconductor devices primarily for the automotive industry in Europe, the Middle East, Africa, the Asia Pacific, and North and Latin America.

Ambarella

Market Cap: US$2.7b

Develops low-power system-on-a-chip, semiconductors, and software for edge and physical artificial intelligence, applications, and intelligent automation.

Socionext

Market Cap: JP¥397.2b

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

Innostar Service

Market Cap: NT$78.8b

Designs, manufactures, and sells automation equipment and semiconductor probe card related machinery and equipment in China.

Tekscend Photomask

Market Cap: JP¥353.2b

Develops, manufactures, and distributes semiconductor photomasks in Japan and Internationally.

Shibaura Mechatronics

Market Cap: JP¥330.8b

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

VM

Market Cap: ₩2.7t

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

SUSS MicroTec

Market Cap: €1.5b

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

HANA Micron

Market Cap: ₩2.1t

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

GCS Holdings

Market Cap: NT$43.5b

Manufactures and sells compound semiconductor wafer and foundry related services in China, the United States, Taiwan, and internationally.

Taiwan Puritic

Market Cap: NT$43.3b

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

Machvision

Market Cap: NT$40.4b

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

Techwing

Market Cap: ₩1.8t

Develops, manufactures, sells, and services semiconductor inspection equipment in South Korea and internationally.

X-FAB Silicon Foundries

Market Cap: €929.4m

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.

KoMiCo

Market Cap: ₩1.5t

Provides semiconductor equipment cleaning and coating products in South Korea, the United States, China, Taiwan, and Singapore.

HAESUNG DS

Market Cap: ₩965.6b

Manufactures and sells semiconductor components in South Korea and internationally.

Fitipower Integrated Technology

Market Cap: NT$18.4b

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

CMTXLtd

Market Cap: ₩825.5b

Manufactures semiconductor equipment materials and parts.

Myson Century

Market Cap: NT$17.4b

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

Duk San NeoluxLtd

Market Cap: ₩779.9b

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

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.

M31 Technology

Market Cap: NT$16.4b

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

Tazmo

Market Cap: JP¥66.7b

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.

Protec

Market Cap: ₩599.4b

Manufactures and sells semiconductor packaging equipment and automated pneumatic parts in South Korea.

D.I

Market Cap: ₩582.5b

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

SUNIC SYSTEM

Market Cap: ₩534.3b

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

Worldex Industry & Trading

Market Cap: ₩516.8b

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