Semi equipment stocks hit new 52-week records this week on foundry giant battle, continuing U.S.-China optimism

Nov. 20, 2020 4:31 PM ETApplied Materials, Inc. (AMAT)AMAT, ASML, KLAC, LRCXBy: Brandy Betz, SA News Editor11 Comments
  • Semiconductor equipment stocks Applied Materials (NASDAQ:AMAT), ASML (NASDAQ:ASML) , KLA (NASDAQ:KLAC), and Lam Research (NASDAQ:LRCX) all hit new 52-week highs this week and closed the period up 10.7%, 2.6%, 4.5%, and 4.6%, respectively.
  • The company's benefited from dueling stories this week from foundry rivals TSMC and Samsung.
  • Samsung plans to invest $116B into next-gen 3nm chips to reach mass production in 2022, matching TSMC's timing goal for its process.
  • A Nikkei Asian Review report revealed that Google and AMD are waiting for TSMC's new chip packaging technology, which is also expected to enter mass production in 2022.
  • Semi equipment stocks have also seen green since the election as many hope a Biden administration will ease U.S.-China trade tensions and potentially lift the ban on SMIC, China's largest chipmaker.
  • China revenue exposure in 2019: Lam Research, 31%; Applied Materials, 29%; KLA,, 25%.
  • Here's a look at how the semi equipment names have performed in the past month compared to the S&P 500. Note that ASML posted the smallest gains because it isn't based in the U.S. so didn't catch as much of an election tailwind. Compare more charts here.

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