Benchmark starts semiconductor disruptor Aeluma with a Buy

As previously reported, Benchmark analyst David Williams initiated coverage of Aeluma (ALMU) with a Buy rating and $25 price target The firm believes the company’s proprietary large diameter silicon wafer process enables superior performance characteristics at a significantly lower manufacturing cost and views Aeluma as positioned to “fundamentally disrupt the high-performance sensing and communications compound semiconductor market.” The firm believes this technology platform will capture significant share in existing applications and unlock high-performance devices for mass markets, making it “a key enabler of emerging technologies,” the analyst added.