Verizon to cut 15,000 jobs amid growing competition pressures - WSJ
Investing.com - Kepler Cheuvreux has upgraded SUSS MicroTec SE (ETR:SMHN) from Hold to Buy, while raising its price target to EUR45.00 from EUR32.00.
The upgrade comes as SUSS secured HBM4 qualification at a lead memory customer, likely Micron, with Samsung expected to follow suit, positioning the company to benefit from upcoming AI-driven memory and packaging investments.
Kepler Cheuvreux noted that orders appear to have reached their lowest point in Q3, with stronger capital expenditure at OSATs providing an additional growth avenue beyond memory manufacturers.
The research firm highlighted that most of this year’s cost challenges are temporary, including the dual-site overlap in Taiwan ending after Q1 2026 and one-off expenses related to UV-scanner ramp, rework, and relocation costs, which together represent approximately 200 basis points of potential margin improvement.
As product mix shifts back toward higher-margin bonders and scanners, Kepler Cheuvreux expects margins to steadily recover through 2026, potentially leading investors to view SUSS as a higher-quality cyclical stock with one of the strongest AI connections among European semiconductor capital equipment providers.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.