Different part of the value chain. Interestingly King Yuan is looking to expand in Singapore which might bode well for Global Testing? Will have to ask Iqbal though.
GT and KY are both wafer testers so on the surface, KY’s expansion should mean competition? If I am hopeful, maybe some partnership with GT since GT does lesser volumes and possibly more specialised. I was drawn to GT because of the semi exposure, valuation (!!) and Yageo’s interest. Let’s see what Iqbal says
KY mostly priotizes large orders, basically their customers are those fabless/IDM who need tens/hundreds of millions test per year. They make money on scale order.
GT focuses on more customer's specialized order. e.g. new chips/pilot chip/custom chips that need more testing, e.g. stress/burn in test on those chips, they make money on those times spent testing those unit + any extra specialty steps
Their HQ are both based in taiwan but GT is incorporated & listed in Singapore. I'm not sure about material impact on KY expansion to SG, since they are already close to each to other in Taiwan. I guess probably near term impact is talent pressure, since KY has more money to attract talents. Medium term could be net positive.. a larger test ecosystem in SG attracts more fabless programs locally just like in Taiwan.
Interesting article, thank you for your work. Unfortunately, I can't invest in this company from IBKR Spain, but I am invested in Soon Lian Holding, which, from what I've read here, also has a tailwind.
This idea seems to share some similar characteristics to Global Testing? Another name Iqbal wrote about
Different part of the value chain. Interestingly King Yuan is looking to expand in Singapore which might bode well for Global Testing? Will have to ask Iqbal though.
GT and KY are both wafer testers so on the surface, KY’s expansion should mean competition? If I am hopeful, maybe some partnership with GT since GT does lesser volumes and possibly more specialised. I was drawn to GT because of the semi exposure, valuation (!!) and Yageo’s interest. Let’s see what Iqbal says
KY mostly priotizes large orders, basically their customers are those fabless/IDM who need tens/hundreds of millions test per year. They make money on scale order.
GT focuses on more customer's specialized order. e.g. new chips/pilot chip/custom chips that need more testing, e.g. stress/burn in test on those chips, they make money on those times spent testing those unit + any extra specialty steps
Their HQ are both based in taiwan but GT is incorporated & listed in Singapore. I'm not sure about material impact on KY expansion to SG, since they are already close to each to other in Taiwan. I guess probably near term impact is talent pressure, since KY has more money to attract talents. Medium term could be net positive.. a larger test ecosystem in SG attracts more fabless programs locally just like in Taiwan.
Interesting article, thank you for your work. Unfortunately, I can't invest in this company from IBKR Spain, but I am invested in Soon Lian Holding, which, from what I've read here, also has a tailwind.