OK, we’ve got a very long thread about Aehr on Saul’s mid-month update. I thought it best to start a new thread.
I won’t belabor this. STM reported this morning. They had a what I would call a mixed report but the stock is up 5+% as I write. So go figure. But, in particular, I will quote a short bit from the CEO’s prepared remarks:
"First, wide bandgap semiconductors, we began volume production of gallium nitride transistors, which simplifies the design of high-efficiency power commercial systems. We support the development of safe and valuable wide bandgap-based power systems for high-power application with industry-leading galvanically-isolated drivers.
In the quarter, we introduced new STGAAP products, specifically designed for power GaN transistor based on ST’s unique IP and advanced BCD technology.
In silicon carbide, we continue to increase the number of engagements, we are now working with 94 customers and 150 projects up from 90 customers and 140 last quarter, wins here ranged from electrical vehicle applications, such as on board chargers to power module in solar power system. We confirm our revenues for silicon carbide products will reached about $1.2 billion this year."
And this from the Q&A"
" Joshua Buchalter
Thank you for all that color. For my follow-up, I wanted to ask about silicon carbide. There is concerns given some slightly weaker commentary at your lead customer, that silicon carbide growth could slow. Could you talk about the diversification efforts that you are undergoing? And in particular, how is your visibility into substrate supply both externally and your internal vertical integration efforts going for next year? Thank you.
For us next year, it will be a step rate consistent with our objective to deliver $2 billion in 2025. And so, we have the capacity installed. We have the supply chain secured. And we have a customer base and backlog consistent with this objective. And I will communicate, at the Q4 earnings end of January, the objective of silicon carbide revenue, we would have next year. But, be sure it would be a consistent step with the $2 billion objective of 2025."
There’s more detail if you wish to read the entire transcript. I am unfamiliar the STM’s products, so there’s a lot I just didn’t understand. But, the stuff I did understand appears positive for Aehr.