Added to YB: 2026-05-07
Pitch date: 2026-05-05
2337.TW [bullish]
Macronix International Co., Ltd.
-0.58%
current return
Author Info
Walden 3 Research is a research account affiliated with Aroau Capital Holding. Sign up for the newsletter.
Company Info
Macronix International Co., Ltd. engages in the design, manufacture, and supply of integrated circuits and memory chips.
Market Cap
TWD 297.8B
Pitch Price
TWD 173.00
Price Target
N/A
Dividend
N/A
EV/EBITDA
69.63
P/E
-461.29
EV/Sales
9.18
Sector
Semiconductors and Semiconductor Equipment
Category
growth
Walden 3 Research | April Portfolio - New Position: Macronix International
2337.TW (new position): Last Fab thesis - makes old memory chips (NOR flash, MLC NAND) for cars/industrial/medical. Samsung exiting 2D MLC = ~90% global capacity gone by YE26. Macronix last independent manufacturer standing. Customers can't switch (18-36mo qualification). Never chased DRAM/HBM/smartphones = no internal opportunity cost for low-cap eMMC production. Absence of optionality is the asset.
Read full article (1 min)