Nomura Smid Cap Core Fund on MACOM Technology Solutions Holdings, Inc.
Thesis
MACOM is positioned at the intersection of optical connectivity and radio-frequency demand through its high-performance analog and mixed-signal semiconductor portfolio. The fund expects the transition from copper toward optical interconnects in data centers to support demand for the company's products. This gives MACOM exposure to the broader AI infrastructure buildout while focusing on enabling connectivity components rather than headline compute chips.
“We think MACOM's high-performance analog and mixed-signal semiconductors are well-positioned at this intersection of optical and RF connectivity demand.”