Companies / 2344
TPEWinbond Electronics (2344) in our theses
Winbond Electronics appears in one of our theses. Below is why it entered the basket and how it has done since publication.
HBM is devouring memory fab capacity: commodity DDR4 is going scarce, and Taiwan's outsiders pocket the premium
The big three's pivot to HBM is draining commodity DRAM capacity, so the shortage and rising DDR4 prices are lifting margins at Taiwan's legacy makers.
Why this company: Sits exactly where the big three are pulling out: specialty DRAM plus NOR flash. That double exposure to the legacy shortage gives it the most pricing leverage in the basket.
Where these numbers come from
The reference price is recorded on the thesis publication date and never changed afterwards. The current price is refreshed several times a day. Returns are in the listing currency and exclude dividends, so for dividend payers the real total return was somewhat higher.
This is not a recommendation to buy or sell. A company enters a basket as a beneficiary of the mechanism described in the thesis, and the full argument is on each thesis page.
See all of our theses
Each with a publication date, a causal map and a score assigned before the market ruled.
Open in Invesaro →