Top foreign investment firms are turning their attention towards semiconductor opportunities in the A-share market. Notable entities like Temasek, Sequoia Capital, BlackRock, Goldman Sachs, and Morgan Stanley are closely examining semiconductor companies.
Among the companies catching their interest are Montage Technology (688008, Financial), Espressif Systems (688018), and ACM Research (Shanghai) (688599). Temasek and Goldman Sachs have been actively researching Montage Technology, particularly its strategic positioning in the AI era. Meanwhile, BlackRock and others are intrigued by Espressif Systems' revenue sustainability. ACM Research has engaged in discussions with Citi and Morgan Stanley due to its advanced cleaning equipment technology.
Montage Technology (688008, Financial) has held research meetings, attracting over a hundred institutions, including Temasek and Goldman Sachs. The company specializes in integrated circuit design, focusing on cloud computing and AI solutions. Investors are interested in its high-bandwidth memory modules for AI servers, with the company highlighting the advantages of MRDIMM modules in AI and high-performance computing.
Espressif Systems (688018) has seen growing interest from firms like BlackRock, Schroders, and Nomura. They are attracted to Espressif's AIoT innovations and its ability to maintain profit margins amid low raw material costs. The firm attributes its performance to new product lines entering high-growth phases since last year and improving competitive positioning.
ACM Research (Shanghai) (688599) has been investigated by Citi and Morgan Stanley. The company, known for its semiconductor equipment, reported unexpected quarterly revenue growth, driven by robust cleaning equipment sales. With plans to expand its market share in China, ACM is set to continue its growth momentum.
