23 2337.TW Macronix International Co Ltd Loading... : Investor Sentiment and Bull/Bear Views

The author identifies Macronix as a risky potential multibagger. He argues that larger memory makers are repurposing cleanrooms away from legacy MLC NAND, leaving Macronix with unusual pricing power in industrial, automotive and medical markets. He discloses no purchase or holding; the competitive and pricing claims are his assessment.

The author highlights recent 10-80% price hikes across MCUs, NOR Flash, KGD package storage and power devices, including Cmsemicon's 15-50% increases on MCU and NOR Flash prices and Puya Semiconductor's NOR Flash hikes, and says they helped confirm earlier projections that NOR content per Nvidia GB200 NVL72 rack already exceeds $600 and could rise to $900 (+50%). For exposure to this potential NOR Flash supply squeeze he picks Macronix, holder of roughly 33-35% of the NOR market, as one of 'the two best exposures for the segment', preferring it to diluted names such as Infineon that are 'a drop in the bucket for pure play exposure'.

The author holds Macronix as a legacy MLC NAND opportunity. He expects it to fill the supply gap as Samsung and SanDisk redirect capacity toward HBM or enterprise SSDs, and says Macronix is expanding MLC NAND production. The Nanya comparison is an analogy rather than a promised return.