Powerchip Semiconductor Manufacturing Corp. sees healthy outlook with memory price hikes, mature node demand, and interposer business, supported by Micron collaboration and HBM opportunities

Powerchip Semiconductor Manufacturing Corp. (PSMC) is seeing a positive outlook due to a booming memory business with price increases, strong demand for mature node manufacturing, and its emerging interposer business. An analyst note suggests PSMC's collaboration with Micron and its migration to the 1y node for front-end processes, along with opportunities in advanced DRAM like HBM, could drive long-term growth. The brokerage updated its valuation approach and raised the target price.