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The global semiconductor industry is set to experience "groundbreaking changes," Citi said, naming stocks to play the theme. Here are six stocks from Citi's list, which stand out for having substantial upside potential, according to FactSet's consensus price targets. Nvidia Among Citi's list of top stocks is investor darling Nvidia . Samsung Electronics and SK Hynix South Korean tech giants Samsung Electronics and SK Hynix also made Citi's list. Citi also noted that SK Hynix is looking forward to stronger supplies of HBM3E chips through to 2025, "in line with the customer's roadmap."
Persons: Atif Malik, ASMPT, Kevin Chen, Takayuki Naito, Ibiden, Hynix, Peter Lee, — CNBC's Michael Bloom Organizations: Citi, Nvidia, Tokyo Stock Exchange, Franklin FTSE, Franklin FTSE Hong Kong ETF, BlackRock Future Tech ETF, Samsung Electronics, SK Hynix South, SK Hynix, Korea ETF, Franklin FTSE South Korea ETF Locations: Hong Kong, Franklin FTSE Hong, SK Hynix South Korean, Korea, Franklin FTSE South
March 10 (Reuters) - Semiconductor and electronics equipment maker ASMPT Ltd (0522.HK) is attracting takeover interest from private-equity companies, Bloomberg News reported on Friday, citing people with knowledge of the matter. ASMPT did not immediately respond to a Reuters request for comment, while PAG declined to comment. Shares of the equipment maker rose as much as 5.2%, while Hong Kong's Hang Seng benchmark (.HSI) dropped 3.2%. The market capitalization of ASMPT stood at nearly 30.5 billion Hong Kong dollars ($3.89 billion), as of Friday. ($1 = 7.8496 Hong Kong dollars)Reporting by Anirudh Saligrama in Bengaluru; Editing by Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.
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