Theme · AI Semis Layer 5 Bucket C · Tier C Conviction · WATCH

Nepes

KRX:033640

Structural picks-and-shovel position in the AI Semis supply chain, Layer 5. Tier C conviction with research from AI Master Research.

★ Open deep dive View in TradingView ↗ ← Back to AI Semis

Two-Layer Verdict

Structural

BUY · structural picks-and-shovel position in the AI / Physical AI supply chain.

Tactical

HOLD — no live signal change today.

→ Hold core position. Re-add at 34/50 EMA on any meaningful pullback.

Live price

$36950.00

+4.23%

Theme

AI Semis

Layer 5

Conviction

WATCH

Tier C

RSI 14

—

% return

—

Not held

2×ATR stop

—

Tactical stop

52-WEEK RANGE +0.0% from high

$7330.00

$36950.00

EV/EBITDA8.2

Mkt Cap$852.04B

Beta2.16

★ Deep dive · AI Master Research · Tier C

The full 1-page snapshot on Nepes.

What it physically does · the financial print · customer mix · competitive context · terminal risk · bull case · gap/bear case · optionality · the trade. ~181 words. Source: AI Master Research.

181 words Tier C AI Master Research

★ Read full deep dive ⌥ Download institutional PDF

— Live chart · TradingView · Candlestick · 50/200 EMA + Volume —

● Live · KRX:033640

03 · 04—Top-level analysis

What 033640 physically does — preview.

One-paragraph version of the Photoncap deep dive. Read the full essay for the complete treatment.

From AI Master Research

The thesis — preview.

**Live:** KRW 32,950 · **Earnings (last):** Q1 26 needs manual check · **Next earnings:** Q2 26 print pending · **Conviction:** 3/10 Nepes is a Korean KOSDAQ-listed back-end packaging specialist with exposure to fan-out wafer-level packaging (FOWLP) and panel-level packaging. In theory it sits at Layer 4 (advanced packaging) alongside Hanmi, ASMPT and Amkor. In practice it is a small-cap supplier with limited HBM exposure and limited English-language disclosure.…

Read the full essay →

★ Tier

Tier C. Watch only.

Source attribution

AI Master Research · 181 words. Institutional PDF available.

Peers in Layer 5

8 names

522 ● ASMPT Limited $184.60 +5.55% 61.8 3037 ● Unimicron Technology $970.00 +7.18% 56.2 4062 ● Ibiden $19250.00 +7.69% 77.8 6315 TOWA Corporation $2893.00 +7.95% 54.3 110990 DIT Corp $27550.00 +10.20% 62.2 489790 Hanwha Vision (Semitech) $71600.00 -1.51% 43.3 BESI ● BE Semiconductor Industries $273.60 +1.18% 69.2 042700 Hanmi Semiconductor $320500.00 -3.61% 41.3