Semiconductor manufacturing

Semiconductor manufacturing
Components Performance/Risk
Period Return
126.5%
Return Rank
Strong
Risk Exposure
High Risk

Taking a long view, semiconductor equipment manufacturing is at commanding heights, with a very select club of companies capable of the most complex technological feats in R&D and production. Their clients, the chip-makers with the financial – and technical- ability to build the mega-factories for the new generations of chips, are in effect partners in a shared effort 

With tens of billions of dollars at stake, and only very few players on either side, this great game is a technological race in the shadows of geopolitical strategies, protective of national interests.

Manufacturing has become a vastly concentrated affair with 10 firms securing over 90% of worldwide sales and the top 5 manufacturers – Applied Materials (US), LAM Research  (US), Tokyo Electron (Japan), ASML (Netherlands) and KLA Tencor (US)  – responsible for more than 2/3 of world turnover 

Our theme is focused on best-known and very large specialized firms involved in the manufacturing process

With one exception (KLA-Tencor) included on the production-side of manufacturing because of its size, quality control systems, the metrology/inspection equipment specialists, which are ultimately responsible for reliable output, have been set aside in a theme dedicated to 'Precision measurement' 

Theme Components
Name
Ticker
Sector
Industry
Cur. Price
Mkt. Cap
Performance
Momentum
Risk Rank
Risk Contrib
 
Applied Materials AMAT TechnologySemiconductors – Lithography539.14428 B186.8%High Risk
ASML Holding (ADR) ASML TechnologySemiconductors – Lithography1,740.99674 B132.8%Above Average
Lam Research Corporation LRCX TechnologySemiconductors – Lithography311.35389 B194.1%High Risk
ASM International (ADR) ASMIY TechnologySemiconductors – Lithography1,017.14-102.7%Above Average
Amkor Technology AMKR TechnologySemiconductors - Outsourced Services55.2714 B124.7%High Risk
Cadence Design Systems CDNS TechnologySoftware - Product Development339.2492 B-2.8%Average Risk
Entegris ENTG TechnologySemiconductors - Process Equipt152.0823 B91.4%High Risk
Veeco Instruments VECO TechnologySemiconductors - Process Equipt52.793.2 B111.9%High Risk
KLA-Tencor KLAC TechnologySemiconductors – Metrology & TestEquipt198.1126 B118.5%High Risk
ASE Technology Holding (ADR) ASX TechnologySemiconductors – Metrology & TestEquipt37.3933 B276.9%Above Average
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