More people are buying more wireless devices and those devices hold
an increasing amount of RF chip content with each generation. That, in a
nutshell, helps explains a least in part why Cascade Microtech's (NASDAQ:CSCD) shares are up 50% from the time of my last article on this manufacturer of probes and probe stations for the chip industry.
Cascade
is treated like a semiconductor equipment company and I think that
misses the point. Cascade is indeed a chip equipment company, but its
business also has a consumables-oriented operation tied to ongoing chip
production levels. With that, I think the company remains well-placed to
benefit from the ongoing growth in wireless chips produced by a
top-tier client list that includes Avago (NASDAQ:AVGO), Broadcom (NASDAQ:BRCM), Qualcomm (NASDAQ:QCOM), and Qorvo (NASDAQ:QRVO), not to mention the emerging IoT that could potentially see millions of incremental wireless-enabled devices.
Read the full article here:
Cascade Microtech Still Levered To Wireless Growth
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