[Click eStock] "Exicon, Benefiting from Expanded AI Server Investment"

ResearchAlum expected on the 12th that Exicon would benefit from the increasing demand for AI server memory and SSDs. Along with a 'positive' stock price outlook, it presented a target price of 20,600 KRW.

Exicon is a semiconductor back-end process tester equipment company. It supplies equipment that inspects the performance and reliability of semiconductors during the process of turning processed wafers into finished products after the front-end process is completed. Its main customer is Samsung Electronics.

Researcher Kim Jaemu from ResearchAlum explained, "Memory testers are equipment that inspect and classify DDR4 and DDR5 memory devices," adding, "Since 2020, we have delivered DDR5 tester equipment tailored to customer requirements."

He continued, "Since the emergence of generative AI like ChatGPT, the demand for AI server memory and SSDs has increased," and added, "According to TrendForce, global shipments of AI servers are expected to reach 1.18 million units, a 38.4% increase compared to the previous year."

He emphasized, "SSD testers are products optimized for Samsung Electronics, with sales increasing from 21.7 billion KRW in 2021 to 51.4 billion KRW last year," and "recorded 40.7 billion KRW in the first half of this year."

Researcher Kim also introduced, "Exicon has been developing non-memory semiconductor tester equipment for several years," and "started developing CIS testers as a national project in 2020." Furthermore, he added, "The CIS tester equipment has improved inspection speed compared to competitors," and "since last April, we have been conducting a national project for DDI testers."

This content was produced with the assistance of AI translation services.