Much of the European semiconductor industry may be "circumspect" on the outlook for 2025, but Bernstein sees good entry spots within the sector to play in the year ahead. "While continued strong China demand has driven to grow an estimated 10% in 2024, our latest outlook expects a flat-ish 2025 and a return to growth only in 2026," the investment bank's analysts wrote in a Dec. 18 note. WFE is the equipment used to make semiconductor wafers for integrated circuits.
" "Patience may be required to see Besi realize strong growth from either or both of cyclical recovery and hybrid bonding—but we remain confident that both will contribute to growth as we look towards 2026 and beyond," they added. Shares in Besi are listed on the Euronext Amsterdam and also trade in the U.S. as an American Depositary Receipt under the ticker BESIY .
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