As the U.S. Pulls Chip Making Back Home, the Toolmakers Win First
As the U.S. pushes to bring chipmaking home, billions are flowing into new factories, creating massive demand for tools to bring new fabs online. Taiwan Semiconductor Manufacturing (NYSE: TSM) , for example, added $100 billion to its Arizona plans in July, bringing its planned U.S. investment to $265 billion. Micron Technology (NASDAQ: MU) raised its own U.S. spending plan to more than $250 billion through 2035 that same month. That means tool orders can arrive before a new fab reaches full production. Beyond TSMC and Micron, other companies stand to benefit, including Intel (NASDAQ: INTC) , ASML Holding (NASDAQ: ASML) , Applied Materials (NASDAQ: AMAT) , and Qualcomm (NASDAQ: QCOM) . For investors, the question now is: Who gets paid first, the companies that build the tools, or the ones that run the factories? Intel is a good place to start. Continue reading