1/n
⚡ The growing popularity of #bitcoin across the world is spurring demand in UNEXPECTED industry-semiconductors.
⚡ The growing popularity of #bitcoin across the world is spurring demand in UNEXPECTED industry-semiconductors.
2/n
⚡ An Indian auto firm executive said: "We require semiconductors now as we push up production. But the feedback is clear it will take at least A YEAR before they can shift back capacity or before new capacity starts firing."
⚡ An Indian auto firm executive said: "We require semiconductors now as we push up production. But the feedback is clear it will take at least A YEAR before they can shift back capacity or before new capacity starts firing."
3/n
Use of HMDS in Semiconductor:
⚡ The HMDS is a crucial component in semiconductor mfg, it creates a bridge of organic to inorganic molecules between the surface of the silicon wafer & photoresist. Without it, the photoresist does not form a secure bond with the wafer.
Use of HMDS in Semiconductor:
⚡ The HMDS is a crucial component in semiconductor mfg, it creates a bridge of organic to inorganic molecules between the surface of the silicon wafer & photoresist. Without it, the photoresist does not form a secure bond with the wafer.
4/n
⚡ The main applications of HMDS are in electron microscopy and in the semiconductor electronics industry.
⚡ The main applications of HMDS are in electron microscopy and in the semiconductor electronics industry.
5/n
Added Usage of HMDS:
⚡ In the semiconductor industry, with the use of HMDS as a semiconductor, companies have been able to enable powerful yet small chips inside computers, tablets, and smartphones to work better on a consistent basis.
Added Usage of HMDS:
⚡ In the semiconductor industry, with the use of HMDS as a semiconductor, companies have been able to enable powerful yet small chips inside computers, tablets, and smartphones to work better on a consistent basis.
6/n
⚡ Globally, the Hexamethyldisilazane(HMDS) market is mainly driven by GROWING DEMAND for semiconductor processing, pharmaceutical intermediate.
⚡ Globally, the Hexamethyldisilazane(HMDS) market is mainly driven by GROWING DEMAND for semiconductor processing, pharmaceutical intermediate.
7/n
Which Indian Company to focus on?
⚡ "Globally, our market share would be between 10% & 11% of the global prod. HMDS business has fairly performed well for the qtr. It contributes around 51% of our total revenue"
~ #Chemcon Feb 2021 Concall
Which Indian Company to focus on?
⚡ "Globally, our market share would be between 10% & 11% of the global prod. HMDS business has fairly performed well for the qtr. It contributes around 51% of our total revenue"
~ #Chemcon Feb 2021 Concall
8/n
Monopoly business:
⚡Chemcon is the only manufacturer of HMDS in
India & is 3rd largest manufacturer of HMDS worldwide in terms of production in the calendar year
2019 & has an opportunity to grow at a CAGR of 15-20% between 2019 & 2023 incl. great opportunity for export
Monopoly business:
⚡Chemcon is the only manufacturer of HMDS in
India & is 3rd largest manufacturer of HMDS worldwide in terms of production in the calendar year
2019 & has an opportunity to grow at a CAGR of 15-20% between 2019 & 2023 incl. great opportunity for export
9/n
Indian HMDS market overview:
⚡ India is currently a net importer of both HMDS and CMIC with about 40% and 62% respectively, hence there is AMPLE room for import substitution.
India is expected to witness a demand growth for HMDS of 10.6% CAGR over CY19-23E.
Indian HMDS market overview:
⚡ India is currently a net importer of both HMDS and CMIC with about 40% and 62% respectively, hence there is AMPLE room for import substitution.
India is expected to witness a demand growth for HMDS of 10.6% CAGR over CY19-23E.
10/n
Capacity and CAPEX:
⚡Chemcon has 7 operational plants of which 2 plants are dedicated to the manufacturing of HMDS and ancillary products (including1 plant dedicated to the manufacturing of hi-purity HMDS)
Capacity and CAPEX:
⚡Chemcon has 7 operational plants of which 2 plants are dedicated to the manufacturing of HMDS and ancillary products (including1 plant dedicated to the manufacturing of hi-purity HMDS)
11/n
⚡Chemcon recently commissioned plant with capacity to manufacture 600MTPA of
high purity HMDS which find application in pharmaceuticals, silicon/rubber as well as #SEMICONDUCTOR industries.
⚡Chemcon recently commissioned plant with capacity to manufacture 600MTPA of
high purity HMDS which find application in pharmaceuticals, silicon/rubber as well as #SEMICONDUCTOR industries.
⚡ Chemcon Speciality Chemicals : CMP: 460 (Priced at P/E of 28x)
Thoughts from the Experts?
@drprashantmish6
@safiranand
@Ajay_Bagga
@Nigel__DSouza
Thoughts from the Experts?
@drprashantmish6
@safiranand
@Ajay_Bagga
@Nigel__DSouza
And that's it!
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