Semiconductor manufacturing

Semiconductor manufacturing
Components Performance/Risk
Period Return
42.6%
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 – Lithography374.53310 B65.7% Sharp Down Above Average
ASML Holding (ADR) ASML TechnologySemiconductors – Lithography1,526.14606 B48.5% Weak Down Average Risk
Lam Research Corporation LRCX TechnologySemiconductors – Lithography227.56299 B49.4% Sharp Down Above Average
ASM International (ADR) ASMIY TechnologySemiconductors – Lithography782.84-19.9% Weak Down Above Average
Amkor Technology AMKR TechnologySemiconductors - Outsourced Services36.9610 B5.8% Sharp Down High Risk
Cadence Design Systems CDNS TechnologySoftware - Product Development329.5189 B-2.2% Neutral Average Risk
Entegris ENTG TechnologySemiconductors - Process Equipt151.5623 B69.9% Neutral High Risk
Veeco Instruments VECO TechnologySemiconductors - Process Equipt37.272.3 B31.8% Weak Down High Risk
KLA-Tencor KLAC TechnologySemiconductors – Metrology & TestEquipt153.1121 B35.3% Sharp Down High Risk
ASE Technology Holding (ADR) ASX TechnologySemiconductors – Metrology & TestEquipt39.1734 B146.6% Neutral Above Average
1 – 10 of 16