European Semiconductor and Photonics Investment Landscape: Serenity Recap of Core Long Portfolio and Industry Rationale

BlockBeats News, June 15th, "White Hair Stock God" Serenity reviewed its core long portfolio in the European market on social media, focusing on the direction of photonics, semiconductor materials, epitaxy wafers, power devices, and edge AI hardware, and retrospectively analyzed the industry positioning and valuation logic of multiple targets.

The core holdings listed include: Sivers Semiconductors, LPKF Laser & Electronics, Soitec, Raspberry Pi Holdings, IQE plc, Riber, and X-FAB Silicon Foundries. In its analysis:

· Sivers Semiconductors is seen as a key player in the next-generation photonics chain, benefiting from the 1.6T optical module and CPO (Co-Packaged Optics) architecture upgrade. It has been embedded in the supply chain systems of multiple supercomputers and is considered to have medium-term volume elasticity.

· LPKF Laser & Electronics is defined as a "near-monopoly" company in the glass core substrate processing equipment field. Its LIDE technology has been validated by the majority of top manufacturers in advanced packaging and high-end substrate processing, making it a key equipment supplier in the capacity expansion cycle.

· Soitec is emphasized as a core supplier in the Silicon-On-Insulator (SOI) field, with strong pricing power in the industry chain. It benefits from a structural revaluation space after the alleviation of traditional business drag.

· Raspberry Pi Holdings is seen as a beneficiary of edge AI computing power sinking, with the logic being the increased penetration of low-cost computing boards in AI inference and on-premise deployment scenarios. It is gradually expanding from the education and hobbyist markets to industrial and embedded AI.

· IQE plc is positioned as a key epitaxial wafer supplier, providing upstream material support to optoelectronic manufacturers such as MACOM Technology Solutions and Lumentum Holdings. Its idle capacity is believed to have potential release space.

· Riber is described as a highly concentrated supplier in the Molecular Beam Epitaxy (MBE) equipment field, benefiting from the expansion of quantum computing, quantum dots, and optoelectronic research and development. It has already received equipment procurement validation from some supercomputing and research institutions.

· X-FAB Silicon Foundries is seen as one of the few foundry platforms in Europe with the capability of power semiconductor and silicon photonics manufacturing. With the support of the EU and the U.S. CHIPS Act, it is believed to have potential revaluation space in silicon photonics production line expansion.

Overall, the portfolio revolves around three main themes: “Photonics Infrastructure + Semiconductor Materials/Equipment + Edge AI Hardware,” and bets on the structural demand release in the next 2–3 years in the high-speed optical interconnect, AI edge deployment, and power semiconductor cycle.