Aixtron purpose of this thread
DER AKTIONÄR übt sich weiter in Geduld, setzt auf die operative Qualität des Unternehmens und hält daher an seiner Einschätzung fest. Anleger mit Weitblick lassen sich nicht aus der Ruhe bringen und positionieren sich für den nächsten Anlauf auf die 32-Euro-Marke.
https://www.deraktionaer.de/artikel/aktien/aktionaer-depotwert-aixtron-abgeprallt-aber--20335133.html
Gruß
baggo-mh
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By Kim Eun-jin July 7, 2023, 16:11
According to industry sources on July 6, Samsung Electronics recently held the Samsung Foundry Forum 2023 in both the United States and Korea. At the events, the Korean semiconductor giant announced that it will start an 8-inch gallium nitride (GaN) power semiconductor foundry service for consumers, data centers and automotive applications in 2025.
http://www.businesskorea.co.kr/news/articleView.html?idxno=117960
Supply chain impact of China's gallium export controls
Zhan Yiren
2023-07-11
The Chinese government announced without warning that it would impose export controls on gallium and germanium metals.
A few days ago, the Chinese government announced without warning that gallium and germanium metals will be subject to export controls. Immediately, the media reported extensively, especially focusing on this as a counterattack by the Chinese government to the United States, Japan and Europe, which imposed many restrictions on China on semiconductors.
Both gallium and germanium are important materials in the semiconductor field, especially gallium, whose production in China accounts for more than 80% of the world, plays a key role. The entire supply chain is beginning to smell tension, fearing that supplies will be affected.
Among compound semiconductors, gallium arsenide (GaAs), gallium phosphide (GaP) and gallium nitride (GaN) all require the use of gallium metal, and related products include 5G mobile phone RF power amplifiers, wide bandgap power components, LEDs and Electronic and optoelectronic components such as semiconductor lasers have a huge impact.
The impact of gallium on the supply chain can be divided into two categories, one is the substrate, and the other is the epitaxial layer. The thickness of the substrate is usually 500 microns, while the thickness of the epitaxial layer is tens of microns, or even less than 10 microns.
Gallium phosphide substrates are less used, while gallium nitride has no substrates, so gallium arsenide is the bulk of substrate supply. Sumitomo of Japan, AXT of the United States, and Freiberger of Germany are the main suppliers; the three players have dominated the global gallium arsenide substrate market for more than 30 years, and it is a stable and mature market with an annual output value of about 300 million US dollars .
In the past 10 years, China's red supply chain has begun to enter the gallium arsenide substrate market. Taiwan's foundry and LED factories have used it, and the quality and price are competitive. If China begins to control the export of gallium, the above three companies will be affected in the short term, but the overall supply chain will not be affected much. It is not difficult for Chinese suppliers to expand the production capacity of GaAs substrates.
With gallium metal in the epitaxial supply chain, the influence that China can exert is even weaker. Because almost all related epitaxial layers are completed by metal organic chemical vapor deposition (MOCVD), and the main chemical involved in the reaction is trimethylgallium (Trimethylgallium; TMG), TMG suppliers are from Europe, America and Japan .
If China controls the export of gallium, the first to bear the brunt will be China's thousands of MOCVD units, as well as the entire compound semiconductor industry.
After talking about gallium, let's take a look at the supply chain of gallium nitride.
According to Yole's recent report, China's Innoscience's GaN component output value will surpass PI, EPC, Navitas and other U.S.-based component design companies for the first time in the first quarter of 2023, and Innoscience is its own 8 Its products cover high-voltage and medium-low voltage components, and it competes with the above-mentioned American companies that use 6-inch wafer foundry in the form of IDM. It is self-evident. In the past, wafer foundries introduced gallium nitride components in order to bring new business opportunities to the old 6-inch factories. However, more than ten years have passed, and the yield rate and cost of 6-inch factories have not been effectively improved. As a result, the biggest bottleneck of GaN today is that the price is too high and the market development is limited.
Innosec's business model, although there is a considerable capital investment in the early stage, but the future operation will gradually improve, we will wait and see.
Gallium nitride is an extraordinary semiconductor material not only because of its wide energy gap characteristics, but also because of a characteristic that other types of semiconductors do not have. In general semiconductors, every time an electron is produced, it will be accompanied by a positively charged ion. When we want more electrons or current in the component, there will be more positive ions, and the electrons will encounter more scattering ( scattering), the electron mobility is reduced, and finally leads to a limited increase in current. The electrons in the gallium nitride device are caused by the polarization of the crystal and the stress between the epitaxial layers, so there are no positive ions, so even if there is a high electron concentration, the electrons can still maintain a considerable mobility . This significantly improves the on-resistance and switching speed of the components, two of the most important characteristics of a power conversion system.
In my previous article, I used these two characteristics to compare with silicon substrate components. In 650V components, GaN has a 10 times advantage over silicon components; for 100V components, this advantage is reduced to 3 times; for 30V components, the advantage is still 30%. Therefore, gallium nitride components should be widely used in power conversion systems. However, the biggest obstacle today is cost. If the cost of gallium nitride can be reduced by half, it will be very competitive. This depends on using 8-inch wafer fabs in the supply chain and increasing the epitaxy capacity of each MOCVD.
The Chinese government's decision on the export control of gallium has been carefully considered. On the one hand, it can respond majesticly to the sanctions imposed by Western countries and Japan, but on the other hand, it will not cause too much negative impact on the industrial chain. After all, China has a complete strategic layout for the compound semiconductor industry.
https://www.digitimes.com.tw/col/article.asp?id=12180
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PITTSBURGH, July 10, 2023 (GLOBE NEWSWIRE) – Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, today provided its initial assessment of the export restriction of gallium and germanium from China expected to begin on August 1, 2023.
The company believes that the restriction will have minimal to no impact on the company’s sales and prospects due to ample inventories of these materials at both Coherent and its supply chain partners, and the ability to source the materials outside of China. In addition, efficient recycling programs already exist at both Coherent and its supply chain partners.
The company will continue to monitor and assess any changes in the global supply.
NEW YORK (dpa-AFX Analyser) - Das Analysehaus Jefferies hat das Kursziel für Aixtron von 40 auf 45 Euro angehoben und die Einstufung auf "Buy" belassen. "Der nächste Aufschwung beginnt", schrieb Analyst Janardan Menon in einer am Mittwoch vorliegenden Studie zur europäischen Halbleiterbranche. In den kommenden beiden Jahren rechnet er mit starkem Ergebniswachstum und einer massiven Neubewertung der Aktien. Favoriten sind ASML, ASM International, Aixtron, Soitec und Alphawave./ag/zb
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Samsung wird neben TI und TSMC von der Fachpresse (u.a. DER AKITONÄR) als Kunde von Aixtron genannt.
Gruß baggo-mh
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AIXTRON SE öffnet die Bücher – damit rechnen Experten.
AIXTRON SE lädt voraussichtlich am 27.07.2023 zur turnusmäßigen Finanzkonferenz und wird dort das Zahlenwerk zum jüngsten Quartal veröffentlichen, das am 30.06.2023 endete.
In Sachen EPS gehen 5 Analysten von einem durchschnittlichen Gewinn von 0,242 EUR je Aktie aus. Im vergangenen Jahr hatte AIXTRON SE noch 0,160 EUR je Aktie eingenommen.
Beim Umsatz erwarten insgesamt 5 Analysten eine Steigerung von durchschnittlich 33,77 Prozent auf 137,1 Millionen EUR. Im Vorjahresviertel hatte AIXTRON SE noch 102,5 Millionen EUR umgesetzt.
Für das Fiskaljahr rechnen 12 Analysten im Durchschnitt mit einem Gewinn je Aktie von 1,23 EUR, gegenüber 0,890 im Vorjahreszeitraum. Der Umsatz wird von 12 Analysten durchschnittlich auf 613,7 Millionen EUR geschätzt, nachdem im Vorjahr 463,2 Millionen EUR generiert wurden.
Gruß baggo-mh
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Gianmarco Bonacina, Equity Research EQUITA SIM
Three for me, please. The first one is about accounting on the backlog basically to
clarify if the orders you got signed from your clients, but still doesn't have the export
license. These are all in your backlog or not? So basically do you recognize them
when you get the order signed or when you have the basically export license? ....
Dr. Felix Grawert, Executive Board
OK, three questions. To the first one, you asked about booking of our orders. As you
know, we have very strict internal procedures for recording and booking equipment
orders. These rules documented in our annual report. According to these policies,
we undergo an individual risk assessment on several risk factors for each order at
the time it comes in. One of these factors is the topic of granting of export licenses.
Whenever we see a risk here in place, we don't record the order until the export
license is granted. And yes, for a part of our orders, this is the case....
Gianmarco Bonacina, Equity Research EQUITA SIM
Just a follow-up. So basically considering the orders in Q2 will likely be shipped at
the end of the year and you have the EUR 70 million of machines which you built
and you didn't have the license. And part of the EUR 70 million is not in the backlog... And just to conclude, sorry, out of this EUR 70 million of revenue, which is postponed
because of the export licenses, can we assume that I don't know half of these are
not recognized in the backlog? Is it the minority or is it the majority of this figure?
Dr. Felix Grawert, Executive Board
Probably something in the upper half, I would say.
.......................................................
What this all means is that Aixtron might receive a portion of the licenses (70m), report as orders, ship and recognize the revenue all in the same quarter (Q2).
The upper half of 70 Millionen is not recognized as order backlog yet. Let's say 40-45 Millionen.
I have voiced the suspicion that not all orders are reported in the order backlog anyway. Blanked vs release orders.
Thus I see a guidance raise before September as emminant.
KR baggo-mh
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https://www.finanzen.net/nachricht/aktien/...ment-abgeworfen-12630254
Heute vor 1 Jahr wurden AIXTRON SE-Anteile via Börse XETRA gehandelt. Zur Schlussglocke war die AIXTRON SE-Aktie an diesem Tag 24,39 EUR wert. Bei einem Investment von 100 EUR in die AIXTRON SE-Aktie zu diesem Zeitpunkt, wäre ein Anleger nun im Besitz von 4,100 AIXTRON SE-Aktien. Da sich der letzte Schlusskurs der AIXTRON SE-Aktie auf 29,44 EUR belief, wäre die ursprüngliche Investition nun 120,71 EUR wert. Damit wäre der Wert der ursprünglichen Investition um 20,71 Prozent angezogen.
AIXTRON SE war somit zuletzt am Markt 3,18 Mrd. Euro wert. AIXTRON SE-Anteile wurde am 06.11.1997 an der Börse XETRA erstmalig gehandelt. Ein AIXTRON SE-Anteil verzeichnete damals einen Erstkurs von 3,03 EUR.
Bitte beachten, dass in obenstehender Rechnung Aktiensplits und Dividendenzahlungen nicht berücksichtigt werden.
Ganz so günstig bin ich nicht eingestiegen aber im Zeitraum 2004-2007 gab es jede Menge - aus heutiger Sicht - sehr günstige Einstiegskurse.
Gruß baggo-mh
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Tja....... da hat der gute Felix tatsächlich innerhalb von max. 6 Wochen über € 200K an unrealisiertem Gewinn auf der Straße liegen lassen mit seinem realisierten Bonusaktienverkäufen Ende Mai.
Im Letzten Jahr hat er das auch allerdings etwas später auch gemacht. https://www.finanzen.net/insidertrades/aixtron
Seine Vorstandkollegen und der AR-Vorsitzende kaufen aber zu, denn sie wissen.
The best is yet to come, as we see a new ASML in the making. Jeffries mit 50% upside und PT € 45!!
Aufwand zum richtigen Zeitpunkt 20% - Ertrag bei €45 > 80% - tenbagger
Gruß baggo-mh
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https://www.finanznachrichten.de/...rch-stuft-aixtron-auf-buy-322.htm
PT € 33,--
Gruß baggo-mh
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Der kürzlich erfolgte Abverkauf der Kursgewinne bei Aixtron erfolgte ja aufgrund der Veröffentlichung von Exportbeschränkungen seitens China.
Zumindest für Gallium - scheint das für die Kunden von Aixtron relativ leicht lösbar, wenn auch mit höheren Kosten verbunden.
"Vor allem bei Germanium sei man unflexibler als bei Gallium, wie Peter Buchholz, Chef der Deutschen Rohstoffagentur, in einem Gespräch mit der WirtschaftsWoche erklärt. Während nämlich Gallium sogar in Deutschland als Beiprodukt der Aluminiumproduktion gewonnen werden könnte, gäbe es bei Germanium derzeit kaum andere primäre Lieferquellen.
Zu den anderen Ländern mit Galliumproduktionskapazitäten gehören neben China außerdem Russland sowie die Ukraine. Hier wird das Metall als Nebenprodukt von Tonerde gewonnen. In Südkorea und Japan fällt es außerdem als Nebenprodukt von Zink an.
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Global 5G users are soaring, MediaTek and WIN Semiconductors will welcome strong momentum to attract good
2023/07/12 02:35:37
Economic Daily reporters Huang Jinglin, Zhong Huiling, Chen Yuxiang / report from Taipei
Ericsson, the world's top three telecommunications equipment manufacturers, released its latest report yesterday (11), pointing out that the number of 5G mobile users in the world has soared to 1.5 billion this year, a new high, a 50% increase from last year. The industry interprets that the number of 5G users in the world has exploded. Under the premise that each person uses more than one 5G mobile device on average, the demand for terminal devices has grown even more alarmingly . Ushering in a strong momentum to attract goods, it is the two winners of Taiwanese factories.
Ericsson released the latest "Ericsson Mobile Trends Report" yesterday, revealing the latest forecast data on the number of global 5G mobile users this year, emphasizing that despite the overall global economic slowdown and geopolitical challenges in some markets, global telecom operators continue to invest in 5G, North America The growth rate of the number of 5G users in China has exceeded expectations. By the end of 2022, the 5G penetration rate in North America has reached 41%, ranking first in the world. The revenue of telecom operators in the top 20 5G markets in the world has also continued to grow.
In addition, India is launching a super-large-scale network deployment under the "Digital India" plan. Due to the early deployment of 5G in Northeast Asia, it has invested a lot of resources and promoted multiple services with a complete industrial ecosystem, so that the 5G population in Northeast Asia will be covered The rate and penetration rate are in the leading position in the world. The mainland market focuses on the large-scale deployment of 5G. Currently, more than one-third of mobile users are 5G users.
Ericsson also brought positive news to the long-sluggish smartphone market. It is estimated that global smartphone shipments will resume growth in the second half of 2023. At present, there are more than 870 5G mobile phones in the world, and it is estimated that 5G mobile phones will account for 62% of all smartphone shipments in 2023.
Industry insiders pointed out that the number of 5G users in the world is exploding, and it is expected to increase by 50% this year. Under the premise that each person uses more than one 5G mobile device on average, the demand for terminal devices will grow even more alarmingly, which will lead to huge hardware business opportunities.
Among the Taiwanese factories, MediaTek and WIN both have a small advantage in the 5G field, becoming the two winners. Among them, MediaTek’s 5G chip product line is complete, and it has been adopted by almost all non-Apple camps. It has achieved quite good results in high-end markets such as Europe and the United States, or emerging markets such as India. It will be the beneficiary of the explosion of 5G users around the world.
MediaTek's recent revenue has been increasing for two consecutive months, and it has successfully reached the second quarter financial forecast target, ending three consecutive quarters of decline. MediaTek chairman Cai Mingjie has predicted that the smartphone market will be relatively slow this year, and will definitely grow next year. Under the economic cycle, it is estimated that growth momentum will gradually recover in the next two years.
WIN currently accounts for 70% of the global power amplifier (PA) market. Almost all RF component designers on the surface are WIN customers. They are also one of the few companies that produce highly integrated 5G PAs today. With the surge of 5G users pushing up the demand for 5G hardware, WIN’s shipments are also looking good, and they can enjoy the dividends of the explosion of 5G users.
WIN’s revenue in June was 1.506 billion yuan, reaching the highest point in the past year, with a monthly increase of 10.35%. The low-end monthly operation increased by nearly 73%, reflecting that the recovery of the PA industry is better than expected, and the pace of recovery in the third quarter will continue to accelerate.
Trommelwirbel vom Aktionär
https://www.deraktionaer.de/artikel/aktien/aktionaer-depotwe…
und
https://www.youtube.com/watch?v=zIm-Kr7gKTM
Kennzahlen auch zur Peer-Group kann man hier ablesen: https://www.deraktionaer.de/aktien/kurse/aixtron-de000a0wmpj…
Gruß
baggo-mh
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#tsmc senkt die Prognose und reißt den ganzen Sektor mit in die Tiefe. ASML -4,7%, AIXTRON -3,7%, Infineon -2,5%
Wurde gerade getwittert. Habe es aber noch nicht verifiziert.
Da Aixtron nur ganz wenige Berührungspunkte hat mit TSMC, könnte das noch einmal eine letzte günstige Einstiegsgelegenheit sein.
Gruß baggo-mh
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NXP hat am Montag gute Zahlen abgeliefert. Man macht 40% der Umsätze im Bereich Automotive.
Texas Instruments hat gestern enttäuschende Zahlen abgeliefert und von nachlassender Nachfrage berichtet. Ausnahme Automotive.
TI hat kürzlich Aixtron einen Award verliehen für die 10G-GaN, ein System das Aixtron offiziell noch gar nicht lanciert hat.
GaN-basierte Verbindungshalbleiter werden in einer Vielzahl von Mikroelektronik-Anwendungen eingesetzt, darunter Radar, Lidar und Satellitenkommunikation und eben in Elektrofahrzeugen.
Für morgen bin ich optimistisch.
Gruß baggo-mh
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Eine Alternative zur Aktieninvestition
https://www.dzbank-derivate.de/Magazin/aktien_trading/aixtro…
mit guter Analyse. Endlos KO-Scheine der DZ Bank nutze ich regelmäßig, auch bei Aixtron.
Gruß baggo-mh
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Q2 results tomorrow. Consensus expectations as follows: orders € 165m (+8% yoy), sales € 142m (+38% yoy), EBIT 32m (22.8% margin).
FY consensus for orders € 637m (+9%), sales € 610m and EBIT 160m (26% margin).
Regards!
Fel
Best regards to everybody!
Hope Joss is still invested with his Fireworker team and lots of Aix-port.
Regards,
Fel