Goldman Sachs Nexchip (688249.SS): 28nm/22nm Capacity Expansion; Product Mix Optimized Toward Power Semiconductors; Neutral
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Abstract
Goldman Sachs rates Nexchip (688249.SS) Neutral in a report focused on the company's 28nm and 22nm capacity expansion and the optimization of its product mix toward power semiconductors.
The note is presented mainly through its exhibits. Figure 1 sets out adjustments to Goldman Sachs' earnings forecasts for the company, and Figure 2 provides an overview of Nexchip's expected 2026 results. On valuation, Figure 3 examines the correlation between price-to-earnings multiples and net profit growth over the coming year across peer companies, while Figure 4 presents Nexchip's expected price-to-earnings multiple over the next twelve months. Figures 5, 6 and 7 provide full financial statement detail, covering the income statement, balance sheet and cash flow statement respectively. Figure 8 is the Goldman Sachs stock summary page for Nexchip (688249.SS).
The report's title highlights 28nm/22nm capacity expansion and product-mix optimization toward power semiconductors as the key themes, with the Neutral rating framing the overall assessment.
Key exhibits
Exhibit 1
Exhibit 2
Exhibit 3
Exhibit 4
Exhibit 5
Exhibit 6
Exhibit 7
Exhibit 8
