Chip Gear Maker Shifting From China Soars 166% in Four Months
- J.E.T. eyes subsidy-fueled demand to lower reliance on China
- Iteration of Japan’s bankrupt S.E.S. may buy peer in chip gear
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Chip equipment maker J.E.T. Co.’s shares have more than doubled since their September debut in Tokyo, bolstered by expectations that US and Japan initiatives to boost semiconductor prowess will propel sales.
The little-known supplier to China’s Semiconductor Manufacturing International Corp. and South Korea’s Samsung Electronics Co. is the second-best performer on the Tokyo Stock Exchange’s Standard Market of small-to-mid-sized companies, rising 166% in four months since its initial public offering. On top of a nascent chip recovery that’s lifted the Philadelphia Stock Exchange Semiconductor Index by 28%, J.E.T. is seen to have room to win new customers in its home market and abroad.