Serenity, the 'new stock god', orders XFAB: serious mismatch between valuation and assets, the only high-capacity silicon carbide OEM factory in the United States According to BlockBeats, on June 3rd, the "new stock god" Serenity compared two semiconductor companies belonging to the European and American markets. The market value of POET listed on NASDAQ is approximately $2.4 billion, and its business is packaging Sivers lasers. Currently, it only has one $50 million pre production contract with stock warrants attached. However, the European listed X-FAB (XFAB) has a market value of only $1.7 billion, but possesses core assets far exceeding its market value - it is one of the few SiC/GaN/MEMS/silicon photonics foundries in the world that has received funding from both the EU CHIPS Act and the US CHIPS Act, and its current valuation is even lower than the reset price to book ratio. Serenity further lists the differentiation advantages of XFAB: Nvidia and Nokia are directly evaluating their pre commercial silicon photonics foundry production lines, with an expected ramp up in production from 2027 to 2028; As a contract manufacturer, the company is leading the large-scale expansion of the European photonics supply chain and has deep cooperation with European photonics core institutions such as IMEC, CEA Leti, Ligetec, and Smart Photonics; Our clients include nano micro semiconductors, Power Integrations, and Lite On. Serenity specifically cites the official characterization of the US Department of Commerce, stating that "XFAB is the only high-capacity silicon carbide foundry in the United States," highlighting its scarce strategic value in the face of trade barriers and supply chain localization trends. [Original link]