Global Semiconductors Undervalued over 20% based on DCF

SUSS MicroTec

Market Cap: €591.8m

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

Duk San NeoluxLtd

Market Cap: ₩932.2b

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

Tri Chemical Laboratories

Market Cap: JP¥99.1b

Develops, manufactures, and sells high-purity chemicals for semiconductor manufacturing in Japan, Taiwan, China, South Korea, and internationally.It offers semiconductors, coating, optical, fiber, compound semiconductor, and reagents.

Andes Technology

Market Cap: NT$14.1b

Provides embedded system application solutions.

Materials Analysis Technology

Market Cap: NT$13.3b

Engages in the research and development, and intellectual property services in Taiwan, Mainland China, Japan, the United States, and internationally.

Anpec Electronics

Market Cap: NT$13.0b

Engages in the design, testing, production, and marketing of mixed-signal power chips and sensors in Taiwan and internationally.

Canatu Oyj

Market Cap: €343.4m

Develops and sells carbon nanotubes (CNTs) and related products for the semiconductor, automotive, and medical diagnostics industries in Finland, the United States, Japan, and Taiwan.

Brillian Network & Automation Integrated System

Market Cap: NT$11.1b

Brillian Network & Automation Integrated System Co.

Yamaichi ElectronicsLtd

Market Cap: JP¥54.8b

Manufactures and sells test, connector, and optical-related products in Japan and internationally.

NEXTIN

Market Cap: ₩501.5b

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

GEM Services

Market Cap: NT$8.8b

Provides services for power management semiconductors.

Global Standard Technology

Market Cap: ₩336.8b

Engages in the environmental and energy industry activities in South Korea and internationally.

Contrel Technology

Market Cap: NT$6.7b

Researches, develops, manufactures, and sells LCD and related equipment in Taiwan.

Walton Advanced Engineering

Market Cap: NT$6.5b

Provides semiconductor packaging and testing services in Taiwan and China.

Valens Semiconductor

Market Cap: US$218.2m

Provides semiconductor products for the audio-video and automotive industries in Israel, China, Hong Kong, Portugal, the United States, Japan, Germany, Hungary, and internationally.

Tera Probe

Market Cap: JP¥28.9b

Engages in the wafer testing, final testing, testing technology development, and worker dispatching businesses in Japan, Taiwan, rest of Asia, North America, and Europe.

Japan Electronic Materials

Market Cap: JP¥28.8b

Engages in the manufacture and sale of probe cards and electron tube parts in Japan and internationally.

Protec

Market Cap: ₩242.1b

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

Ubright Optronics

Market Cap: NT$5.1b

Engages in the manufacture and sale of optical films in Taiwan.

NC Chem

Market Cap: ₩193.9b

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

AIMECHATEC

Market Cap: JP¥20.4b

Develops, manufactures, and sells for flat panel display equipment in Japan.

Telechips

Market Cap: ₩186.0b

Operates as a fabless semiconductor company.

Everspin Technologies

Market Cap: US$133.5m

Manufactures and sells magnetoresistive random access memory (MRAM) technologies in the United States, Japan, Hong Kong, Germany, Singapore, China, Canada, and internationally.

Rorze Systems

Market Cap: ₩177.9b

Engages in developing and supplying equipment for semiconductor and display industry in South Korea.

TEMC

Market Cap: ₩148.0b

Temc Co., Ltd., a specialized material company, manufactures and sells special gases and medical gases for use in semiconductor and display processes.

Bright LED Electronics

Market Cap: NT$3.0b

Manufactures and sells light-emitting diodes, indicator lights, displays, and other products in China, Taiwan, Korea, the United States, and internationally.

Seoul Viosys

Market Cap: ₩137.7b

Researches, develops, produces, and sells LED chips applied to general lighting, smartphones, monitors, laptops, tablet PCs, TVs, micro LED displays, and automobiles in South Korea and internationally.

Midsummer

Market Cap: SEK 915.9m

Develops, manufactures, and supplies equipment to produce flexible thin-film solar cells in Sweden, Hong Kong, Portugal, the United States, Rest of European Union, and internationally.

NPC

Market Cap: JP¥13.9b

Engages in the machinery and environmental businesses.

Cystech Electronics

Market Cap: NT$2.7b

Designs, develops, manufactures, and supplies power devices for the computing, consumer electronics, communication, and industrial markets worldwide.

Eclat Forever Machinery

Market Cap: NT$2.3b

Engages in the research, development, and production of production equipment for touch panels, liquid crystal displays, plasma display panels, printed circuit boards, and other related equipment in Taiwan and internationally.

JMC Electronics

Market Cap: NT$2.2b

Manufactures, processes, and trades chip on film (tape-COF) in Taiwan and Asia.

Kromek Group

Market Cap: UK£32.7m

Develops, manufactures, and sells radiation detection components and devices for the advanced imaging, CBRN detection, and biological threat detection markets.

Lumens

Market Cap: ₩40.9b

Engages in the development, manufacture, and sale of LED components in South Korea and internationally.

Wai Chi Holdings

Market Cap: HK$180.2m

An investment holding company, manufactures and trades in light-emitting diode (LED) backlight and LED lighting products to business corporations and public utilities in the People’s Republic of China, Hong Kong, Taiwan, and internationally.

Sungwoo Techron. Co.Ltd

Market Cap: ₩31.3b

Processes, manufactures, and sells semiconductor inspection equipment and components.