Soitec (SOI) - Tuesday, Aug 20, 2024

• Soitec is a leading supplier of specialty engineered wafers for semiconductor manufacturing, particularly in smartphone RF applications.
• The company experienced a downturn in the smartphone market and covid-related inventory corrections but is poised for growth as chip complexity and demand for their products increase.
• Soitec is expanding their market with silicon carbide (SiC) wafers for EVs, which could significantly boost earnings by 2025/2026, with a price target of €175 over 1.75 years and a 70% upside potential for investors.

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