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Yield Enhancement

Semiconductor industry in focus

Thursday, 8 April 2021 Reading time : 3 minutes

Semiconductors are elementary components of many promising technologies such as robotics, autonomous vehicles, artificial intelligence, electromobility and in all mobile devices.

US-led dominance

Nvidia is one of the leaders in this business - its stock has gained over 100% since April 2020. With the announced purchase of the British chip designer ARM, Nvidia wants to further increase its market power. For AMD, the analysts' average price target is USD 101, which is just under USD 20 above the current price. The analysts' confidence is probably based not only on the strong share performance, but also on the convincing product pipeline. Intel has also performed positively in the last 12 months.

Local players with potential

The vacuum valve manufacturer VAT (thus a supplier for semiconductor manufacturers) was able to convince with a performance of over 96% in the last 12 months and holds half of the global market share with its products (ZKB Equity Research: "overweight"). The analysts also agree on the semiconductor and software manufacturer AMS; the target price is almost 35% above the current one (ZKB Equity Research: "overweight").

Barrier Reverse Convertible on AMD, Nvidia, and Intel (USD/CHF)

  • Guaranteed coupon of 11.00%*/10.50%* (USD/CHF)
  • Defensive barrier at 63.00%*
  • 12 month duration
  • Subscription period until 19.04.2021
  • Termsheet USD
  • Termsheet CHF


Barrier Reverse Convertible on AMS and VAT (CHF)

  • Guaranteed coupon of 13.50%*
  • Defensive barrier at 65.00%*
  • 12 month duration
  • Subscription period until 14.04.2021
  • Termsheet


*indicative



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