Equity Analysis /
Singapore

SG : AEM Holdings Ltd - Read through from Nvidia

    William Tng
    William Tng

    Small Caps Analyst

    CGS-CIMB
    26 March 2022
    Published by

    Nvidia has confirmed that it may consider using Intel to manufacture some of its chips. If Intel Foundry Services is offering the whole solution (chip manufacturing to test and assembly), this will support test handler (made by AEM) demand. Reiterate Add and TP of S$6.85.