Fellow Seeking Alpha contributor Ashraf Eassa and I have both written previously about Ultratech (UTEK), a semiconductor equipment company that we both like
for its innovative positions in laser spike annealing (LSA) and
advanced packaging lithography ("flip chips"), as well as the potential
of its steppers in LED manufacturing. In particular, we have both made
the case that advanced annealing technologies are likely to be a
critical factor in the move to sub-20nm processes.
Ultratech isn't
the only game in town, though, and there are multiple technologies and
process steps that are going to play significant roles in the production
of FinFETs and 3D circuits. With that, I would take a look at Mattson Technologies (MTSN),
as this company has already accomplished the not-so-easy task of
gaining meaningful share in the dry strip, rapid thermal processing
(RTP), and etch markets despite competing with giants like Lam Research (LRCX), Applied Materials (AMAT), and Tokyo Electron (TOELY.PK).
While
2013 has proven to be a very disappointing year for semiconductor
equipment orders (and much like waiting for Godot), I don't believe this
stagnation is sustainable. Foundries and chip companies can only delay
orders and repurpose older equipment for so long. With that, I believe
orders will begin to recover in late 2013/early 2014 and bring Wall
Street back to the view that Mattson has the collection of tools and
technology to challenge its prior record revenue levels - an achievement
that I believe could take the shares to $3 or above.
Please read the full article at Seeking Alpha:
Mattson Technology: A High-Beta Play On 20nm And Below
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