Global Semiconductors Undervalued over 20% based on DCF

X-FAB Silicon Foundries

Market Cap: €747.9m

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.

Linco Technology

Market Cap: NT$24.6b

Develops, manufactures, and sells vacuum sputtering and plasma treatment equipment.

HAESUNG DS

Market Cap: ₩895.9b

Manufactures and sells semiconductor components in South Korea and internationally.

Fitipower Integrated Technology

Market Cap: NT$19.8b

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

Global Standard Technology

Market Cap: ₩802.1b

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

Duk San NeoluxLtd

Market Cap: ₩778.6b

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

M31 Technology

Market Cap: NT$17.0b

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

Wonik QnC

Market Cap: ₩686.1b

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

ITH

Market Cap: NT$15.4b

Engages in the provision of panel display and touch technology in Taiwan and internationally.

SUNIC SYSTEM

Market Cap: ₩617.8b

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

Dagang NeXchange Berhad

Market Cap: RM 1.7b

An investment holding company, engages in information technology (IT), Semiconductor, and energy businesses in Asia, Europe, and North America.

Protec

Market Cap: ₩526.5b

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

Nepes

Market Cap: ₩442.0b

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

INTEKPLUS

Market Cap: ₩402.1b

Develops and supplies semiconductor packages and visual inspection equipment.

KOSESLtd

Market Cap: ₩366.5b

Manufactures and sells semiconductor manufacturing equipment in Korea.

NEXTIN

Market Cap: ₩340.2b

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

Riber

Market Cap: €184.4m

Provides molecular beam epitaxy (MBE) products and related services for the compound semiconductor in France.

Gudeng Equipment

Market Cap: NT$6.7b

Together with its subsidiary, ShoWa Precision Co., Ltd., focuses on sales, repair and maintenance of various precision instruments.

QuickLogic

Market Cap: US$209.6m

Operates as a fabless semiconductor company.

NC Chem

Market Cap: ₩287.8b

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

Y.A.C. Holdings

Market Cap: JP¥23.2b

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

Ubright Optronics

Market Cap: NT$4.5b

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

Santa Phoenix Technology

Market Cap: NT$4.1b

Designs and manufactures semiconductors in Taiwan.

HMNEX

Market Cap: ₩141.6b

Engages in the manufacture and sale of light emitting diode (LED) packages and modules in South Korea.

Solex Energy

Market Cap: ₹8.6b

Manufactures and sells solar photovoltaic modules in India.

Ajinextek

Market Cap: ₩116.3b

Develops, manufactures, and sells motor control VLSI chips in South Korea.

Yield Microelectronics

Market Cap: NT$2.4b

Provides embedded non-volatile memory (eNVM) silicon intellectual property (IP) products in Taiwan.

CI Systems (Israel)

Market Cap: ₪181.2m

Develops, manufactures, and markets electro-optical precision test and measurement equipment worldwide.

KESM Industries Berhad

Market Cap: RM 174.6m

An investment holding company, provides burn-in and test services to semiconductor manufacturers in Malaysia, the People’s Republic of China, Singapore, the United States, and Europe.

MEMSCAP

Market Cap: €36.8m

Provides micro-electro-mechanical systems (MEMS) based solutions for aerospace and defense, optical communications, medical, and biomedical markets worldwide.

SCI Engineered Materials

Market Cap: US$38.4m

Manufactures and supplies materials for physical vapor deposition thin film applications in the United States.

ILWOUL GMLLtd

Market Cap: ₩44.0b

Engages in the manufacture and sale of precision injection molding products in South Korea and rest of Asia.

Lumens

Market Cap: ₩39.9b

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

Unifosa

Market Cap: NT$733.9m

Operates as a memory modules ODM/OEM company in Taiwan.

Samjin LND

Market Cap: ₩24.3b

Manufactures and sells LCD and TV parts, secondary cells, office automation parts, automobile parts, molds, LED lighting products, and light guide plate products in South Korea, the United States, Mexico, and Vietnam.

AVIXInc

Market Cap: JP¥2.7b

Develops and sells light emitting diode (LED) display systems in Japan.