September 25, 2026 06:30 AM GMT Semiconductor Production Equipment | Japan Investment Strategy for 2H F3/27 We maintain our Attractive industry view. Heading into 2H F3/27, we favor names where earnings growth visibility is likely to improve through guidance updates and reported results. Key Takeaways Since July, valuations of SPE-related stocks have corrected sharply despite continued strength in fundamentals. At the same time, we believe consensus EPS forecasts still do not fully reflect the favorable ope ...

September 27, 2026 08:54 PM GMT Investor Presentation | Japan M Foundation Semiconductor Production Equipment: SPE Industry Outlook Morgan Stanley MUFG Securities Co., Ltd.+ Suzune Tamura, CFA Equity Analyst Suzune.Tamura@morganstanleymufg.com +81 3 6836-8891 Kazuo Yoshikawa, CFA Equity Analyst Kazuo.Yoshikawa@morganstanleymufg.com +81 3 6836-8408 Semiconductor Production Equipment Japan Industry View Attractive Morgan Stanley does and seeks to do business with companies covered in Morgan Stanley Research. ...

ANCHOR REPORT Global Markets Research 7 October 2026 China semiconductor equipment and materials Fab capacity build-out and localization lead the way Semiconductor equipment and materials are the cornerstone of the IC industry. Throughout the IC manufacturing process, there are thousands of processing procedures, with hundreds of different machines involved. China's localization rate of semiconductor has been increasing, creating opportunities for domestic chip designers, foundries, and memory makers. Stron ...