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BE Semiconductor initiated with an Overweight at JPMorgan

JPMorgan initiated coverage of BE Semiconductor (BESIY) with an Overweight rating and EUR 121 price target BE is a leading supplier of die placement, bonding and wafer-level packaging equipment catering to the semiconductor industry, the analyst tells investors in a research note. The firm says the company is the market leader in hybrid bonding, a next-generation packaging technology that is poised for widespread adoption.

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