CIO: Prefer equipment makers and foundry stocks over memory names in semiconductor trades

• UBS GWM prefers semiconductor equipment manufacturers and foundries over memory stocks.
• DRAM prices have risen significantly, and growing competition from China is capping valuation re-rating for South Korean memory stocks.
• Despite specific concerns for memory, the overall semiconductor sector is seen as a 'buy the dip' opportunity, driven by structural demand from AI and returning foreign inflows to South Korea.

UBS Global Wealth Management's Suresh Tantia advises caution on memory stocks within the semiconductor sector due to surging DRAM prices and increasing competition from China. However, he broadly recommends buying the dip in semiconductors, favoring equipment manufacturers and foundries, and notes positive foreign inflows into South Korea.