Mizuho analysts noted on Friday that shares of semiconductor chip makers rose on Friday. TSM is currently +4%, while NVDA, AMAT, KLAC and LRCX have All received more than 2%.
Lifting follows etching and Deposition tool supplier Tokyo Electron today in Japan is optimistic about demand for AI-driven equipment by the end of March 2025, Mizuho notes.
“IN half cap eqpt, Tokyo Electron is a direct partner of LRCX and AMAT, and while their findings and recommendations were generally embedded, it appears that their views and comments on semifinished The equipment market will cause a stir,” they explained.
“They report after KLAC and LRCX, even before AMAT, but They say despite still muted capital investments in memory and advanced logic/foundryThere has been an increase in demand for advanced packaging for the AI generation.”
Mizuho believes semiconductor capex is showing signs of bottoming out, while investments in mature automotive components, IoT, And China’s industrial equipment output for self-sufficiency continues to remain strong and should continue to grow year-on-year.
“In general, I haven’t heard anything fundamentally new here, but assumes better demand/orders likely on the way in the advanced logic and foundry segments, as well China in stay strong. The best order demand trends are coming from HBM DRAM and AI packaging.” conclude Mizuho.