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BlockBeats News, June 22, earlier today, Serenity discussed the semiconductor equipment and advanced packaging industry chain, stating that the long-term valuation range for LPKF Laser & Electronics is likely to be between $3 billion and $5 billion. Serenity believes that LPKF is currently at a key stage before potential mass production. Serenity noted that LPKF has a high customer penetration rate in the glass substrate-related process equipment field and holds about 70% of the target market share in specific technological routes, such as glass core substrate and advanced packaging processes, making it one of the key equipment suppliers in the industry chain. When comparing the industry structure, the analysis likened LPKF to equipment manufacturers such as Aehr Test Systems and AIXTRON SE, suggesting that such "small-scale equipment positioning companies" are usually constrained by the Total Addressable Market (TAM) size. Their market capitalization is unlikely to expand to over $20 billion in the long term unless they have a multi-point technological advantage similar to ASML. The commentary also pointed out that in the semiconductor advanced packaging and Chip Packaging Optoelectronics (CPO) directions, the equipment supply chain is currently in a transition period from the validation stage to the volume production stage. However, there is still a strong difference of opinion in the market regarding such assets, and the valuation path highly depends on future capacity ramp-up and customer volume pace.

On June 22, U.S. stock market performance was mixed, with the Dow Jones Industrial Average rising by 0.25%, the S&P 500 Index falling by 0.31%, and the Nasdaq Composite Index declining by 1%. Among popular companies, Nvidia's stock price decreased by 0.6%, Apple's stock price increased by 0.61%, Alphabet Inc. (Class A) saw a drop of 5.62%, Amazon's stock price fell by 3.89%, TSMC's stock rose by 1.61%, SpaceX's stock dropped by 10.51%, Broadcom's stock fell by 3.83%, Tesla's stock increased by 1.19%, Meta's stock price decreased by 2%, Micron Technology's stock rose by 4.57%, Advanced Micro Devices' stock increased by 1.12%, ASML's stock fell by 0.8%, Intel's stock price rose by 2.97%, ARM's stock decreased by 4.94%, SanDisk's stock increased by 5.82%, and Texas Instruments' stock rose by 2.16%.

On June 22, the USD/JPY fell sharply by over 40 points, turning down 0.1% intraday, reaching a low of 161.07.