Contract Chip Makers Upgraded at BofAML; TSMC Downgraded -- Advanced Semiconductor Engineering, Siliconware Precision
Industries, United Microelectronics, Semiconductor Manufacturing Intl, Chipbond, ASM Pacific all raised to buy. * Nan Ya PCB raised to
neutral * Large caps with most upside include Samsung and Mediatek, both maintained at buy * Demand is stable or improving (upside in
mobile, downside in other areas), analysts led by Daniel Heyler write in report * Chip inventories may peak in 4Q vs previosuly expected 1Q
2013 * Growth in capacity set to slow in 1H 2013 * Stocks look cheap, except TSMC (BN)
Omdat onder andere ook ASM PT er tussen staat.