UMS Integration stands to benefit from artificial-intelligence demand from two major customers, Macquarie analysts say in a research report. The semiconductor contract manufacturer serves major semiconductor equipment process companies, with its largest customer contributing some two-thirds of its revenue, the analysts note. Both major customers are ramping up production at their new facilities in Asia, with revenue from one of them expected to grow 80% in 2026 and 100% in 2027, the analysts estimate. Macquarie initiates coverage of the stock with an outperform rating and a target price of 3.33 Singapore dollars. Shares are 0.8% higher at S$2.61. (ronnie.harui@wsj.com)
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UMS Integration Set to Benefit From AI Demand — Market Talk
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UMS Integration stands to benefit from artificial-intelligence demand from two major customers, Macquarie analysts say in a research report. The semiconductor contract manufacturer serves major semiconductor equipment process companies, with its largest customer contributing some two-thirds of its…