ASM International and BE Semiconductor have upgraded their moat ratings to wide, signaling positive growth potential

From Morningstar: 2025-04-29 11:34:00

Semiconductor equipment makers ASM International and BE Semiconductor are leaders in their respective segments with significant exposure to leading-edge semiconductors. As semiconductor transistors adopt new 3D structures, demand for atomic layer deposition will increase, benefiting ASM. Advanced packaging is gaining importance, supporting above-average growth for Besi. Both companies offer more than 40% upside potential and are expected to see revenue growth driven by artificial intelligence. They maintain a strong focus on niche, differentiated revenue pools and have upgraded their moats to wide from narrow, supported by switching costs and intangible assets.



Read more at Morningstar: Upgrading Our Moat Rating to Wide for ASM…