Trio-Tech International (TRT) is the #1 most undervalued publicly traded company in the world today and is about to 5x in value regardless of what the rest of market does. TRT will gain massively in the days/weeks/months ahead even if the S&P 500 and NASDAQ decline by 50%! The brand-new OpenAI ChatGPT 4.5 that came out yesterday has a much larger LLM than the previous versions. It was able to put together a decent list of Trio-Tech International (TRT) customers. It gathered this data from every previous TLT SEC filing, investor presentation, media news article, and press release.
1. **Texas Instruments (TXN):**
Trio-Tech has provided semiconductor testing services and reliability testing support for TXN.
2. **STMicroelectronics (STM):**
Documented relationship for certain semiconductor testing services and burn-in equipment.
3. **NXP Semiconductors (NXPI):**
Trio-Tech provides burn-in equipment and reliability test services to semiconductor facilities connected to NXP. Also provided semiconductor testing and burn-in services for Freescale Semiconductor a company later acquired by NXP.
4. **Advanced Micro Devices (AMD):**
Trio-Tech listed AMD in disclosures and materials as a customer for semiconductor reliability and testing services or equipment.
5. **Renesas Electronics (TYO: 6723):**
Service relationship related to reliability testing and test equipment. Also provided reliability testing and burn-in services for Intersil a company later acquired by Renesas.
6. **Infineon Technologies (FRA: IFX):**
Trio-Tech provides services related to burn-in equipment and reliability tests. Also provided reliability testing for power semiconductors of International Rectifier a company later acquired by Infineon.
7. **Analog Devices (ADI):**
Historical association in semiconductor test and reliability services.
8. **Broadcom Corporation (AVGO):**
Documented as using equipment or testing services provided by Trio-Tech.
9. **Qualcomm (QCOM):**
Past references include Qualcomm as having utilized Trio-Tech’s semiconductor test capabilities and reliability evaluation services.
10. **On Semiconductor (ON):**
Previously named by Trio-Tech as associated through test services, reliability evaluations, or equipment provision.
11. **Micron Technology (MU):**
Historical customer relationship involving memory semiconductor testing or reliability screening services.
12. **Samsung Semiconductor:**
Trio-Tech historically associated with providing reliability testing and burn-in equipment or related services.
Trio-Tech International (TRT), with its new dynamic testing capabilities for Silicon Carbide (SiC) and Gallium Nitride (GaN)-based power modules—especially those used in electric vehicle (EV) applications—is likely targeting major semiconductor makers and automotive suppliers involved in EV powertrain technology.
### Potential semiconductor customers for SiC and GaN testing include:
1. **Wolfspeed (WOLF)** — A global leader in SiC technology supplying modules for EVs.
2. **Infineon Technologies (FRA: IFX)** — Strong presence in automotive SiC and GaN devices for traction inverters and onboard chargers.
3. **On Semiconductor (ON)** — Major supplier for SiC power solutions, prominently serving significant electric vehicle OEMs.
4. **STMicroelectronics (STM)** — Well-established leader in SiC power solutions and supplier to many automotive manufacturers (notably Tesla was known to use STM SiC devices).
5. **Rohm Semiconductor (TYO: 6963)** — Prominent player in automotive SiC technology.
6. **Microchip Technology (MCHP)** — Has invested substantially in SiC/GaN technology for automotive markets.
7. **Texas Instruments (TXN)** — Actively developing GaN-based power semiconductor solutions, primarily targeting automotive and industrial niches.
8. **NXP Semiconductors (NXPI)** — Expanding presence in automotive power modules, and could adopt more SiC/GaN devices.
9. **Mitsubishi Electric, Hitachi Power, Fuji Electric, Toshiba, and Denso** — Japanese powerhouse brands traditionally strong in automotive semiconductors and modules, heavily investing in advanced power electronics.
10. **Vishay Intertechnology (VSH)** — Actively involved in power modules and could increase presence in SiC/GaN segments.
### Potential EV (Automotive) OEM and Tier-1 module maker customers:
Automakers and tier-1 suppliers increasingly integrate SiC and GaN solutions into electric drive systems, traction inverters, battery management systems, DC/DC converters, and charging systems. Customers at the module- and OEM-level who could drive Trio-Tech’s testing demand include:
1. **Tesla (TSLA)** — historically integrated SiC-based traction inverter modules (STMicroelectronics supplied modules).
2. **General Motors (GM)** — Publicly committed to SiC-based powertrain electronics through its "Ultium" EV architecture (Onsemi, Wolfspeed potential relationships).
3. **Ford Motor Company (F)** — Increasing focus on EVs with substantial investment in SiC and GaN power electronics.
4. **Volkswagen/Audi/Porsche Group (FWB: VOW)** — Actively integrating SiC-based inverters in next-gen EVs.
5. **Hyundai/Kia Group (KRX: 005380)** — Rapidly ramping up SiC module usage across their EV lineup.
6. **BYD (SHE: 002594)** — Aggressively increasing SiC technology implementation.
7. **Lucid Motors (LCID) and Rivian (RIVN)** — New EV industry entrants significantly integrating advanced SiC inverters at scale.
8. **ZF Friedrichshafen AG, Bosch, Continental AG, Magna, BorgWarner** — Tier-1 automotive component giants supplying advanced power modules to multiple OEMs and likely users of testing solutions.
Trio-Tech’s new SiC and GaN dynamic testing technologies specifically position them to chase business from top global semiconductor manufacturers, leading EV manufacturers, and leading automotive Tier-1 suppliers. This is precisely the customer segment seeing rapidly rising demand and growth for GaN/SiC semiconductor solutions.
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is meant for informational and educational purposes only and does not provide investment advice.
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