ringy

Semiconductor Infrastructure: KLA-Tencor, Novellus, Amkor

"KLA still performed better than its peers, primarily due to its presence in segments such as inspection and metrology, which ensures that customers buy its tools even in recessions" - really??? Not true. Inspection and metrology are almost discretionary compared to process tools. You missed it completely. What saved their hiney was service revenue - 48% - leverage of their installed base.