ASM International N.V : Pretty positive Fireside chat, despite confirmation that AI is not helping orders in the short term
>Outperform rating reiterated after a Fireside chat with ASMi’s CFO - Yesterday, we organized a Fireside Chat with ASMi’s CFO Paul Verhagen and Head of Investor relations Victor Bareno. Unsurprisingly, the group toned down short-term market expectations related to AI demand. Even if AI is seen as a significant growth opportunity in the long term, there is no visible impact on orders for now and previous 2023 comments remain valid. Still, the view on 2024 is very posit...ASM International is an equipment supplier mainly to the semiconductor manufacturing industry. Co. designs, manufactures and sells equipment and services to its customers for the production of semiconductor devices, or integrated circuits. Co.'s front-end segment manufactures and sells equipment used in wafer processing, encompassing the fabrication steps in which silicon wafers are layered with semiconductor devices. Co.'s back-end segment manufactures and sells equipment and materials used in assembly and packaging, encompassing the processes in which silicon wafers are separated into individual circuits and subsequently assembled, packaged and tested.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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