Kulicke & Soffa: China's USD 295 Billion Bet Could Propel This Chip Supplier

Beijing means business. According to a Bloomberg report from June 9, China plans to invest nearly USD 295 billion in the establishment of a nationwide data center network. The explicit goal is that at least 80% of the technology used, including AI chips, should come from domestic production. As China manufactures its own AI chips, it must further expand its semiconductor manufacturing and for that, it needs equipment. Chip Equipment Supplier with 53.5% China Exposure The chip equipment supplier, specialized in backend processes, derives about...