- KLA's 55% exposure to foundry coupled with TSMC's 67% capex growth in 2021 is a strong tailwind for record-breaking performance by KLA.
- The move to 5nm and 3nm nodes with smaller dimensions will be another tailwind for KLA's metrology/inspection market.
- KLA outperformed major competitors in top and bottom line financial metrics yet its stock underperformed the three competitors analyzed in this article.
- A semiconductor "shortage" and plan for geographic self-sufficiency are catalysts for an oversupply of chips in 2023 and a meltdown of the equipment market.
For further details see:
KLA: My Top Equipment Stock But Underappreciated By Investors