Liwei’s hearing a few things about fab expansion that haven’t been officially announced yet. 👀
If those plans materialize, I think semiconductor equipment stocks have another leg higher.
The four core names:
• $AMAT — Deposition, etch and other wafer-processing equipment.
• $LRCX — Etch, deposition and cleaning.
• $KLAC — Inspection, metrology and yield control.
• $ASML — EUV and DUV lithography.
The broader equipment watchlist:
Inspection & metrology:
$NVMI $ONTO $CAMT
Equipment components & subsystems:
$MKSI $AEIS $ICHR $UCTT
Packaging & bonding:
$KLIC
Semiconductor testing & probe cards:
$TER $FORM $COHU
Burn-in & reliability testing:
$AEHR
Different parts of the same supply chain, with different order cycles. For the new-fab spending thesis, my starting point is the big four.
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