KLIC
Kulicke & Soffa Industries Inc
stock NASDAQ

So Korea is going all in on semis. 800 trillion won for four new chip fabs in the southwest, another 81 trillion for a packaging plant in Chungcheong, and over 1,000 trillion won earmarked for AI data centers by 2035. The stated goal is doubling DRAM capacity in 5 years.
Samsung and SK Hynix are obviously the headline names. But honestly the more interesting trade imo is the picks and shovels. Every fab needs litho, etch, deposition, inspection, test, plus wafers and gases. So you're looking at ASML, AMAT, LRCX, KLAC on the front end, then KLIC, TER, ASMPT, Advantest on the back end. Materials side is Shin-Etsu, SUMCO, DuPont, Linde.
Was pulling up the chip equipment chains on moomoo earlier and the order flow on some of these names already looks frontrun. Memory cycle is supposedly turning, AI capex isn't slowing, and now Korea is basically subsidizing the next leg of demand for these tools.
The bear case is real though. Overcapacity risk if everyone (Korea, Taiwan, US, China, Japan) builds at the same time. Margin compression. And the whole thing is one geopolitical headline away from getting nuked.
Am I overweighting the equipment names here? Feels like the cleanest exposure but also feels crowded. Anyone playing this through Micron instead of the toolmakers? Or just sitting it out until we see actual DRAM pricing follow through?

You have to dig through the sector, I am spread all over.  I think the same situation applies to enablers of more efficient chipsets.  
check out EUV corgi etf, I hold literally every company in there.
Most of my photonics/chip positions I have been holding for over a year waiting for chip/server architecture to collide with energy constraints, I am decently up on most of them, but I think that this shit is just getting started. A few I am heaviest on: POET, QUIK, AMD, GFS, MRVL, LRCX, ATOM, AIP, NBIS, INTC, GOOG, AEHR, MU, AAOI, TSM, VICR, ONTO, LSCC, KLAC, ALAB, LAES, SKYT, KLIC, UMC, RMBS, LITE, GLW, COHR, VRT, QUBT, LWLG, NVTS, AXTI, MCHP, WOLF, IONQ, AMKR, TSEM, TER, CAMT, MRCY, CRDO, AMAT, NVMI, CDNS, LSRCY, ALMU, MTSI, AMSC, ENTG, SNPS, FN, JBL.
Obviously some of these are already massively up from when I entered more than a year ago, so you'll have to do some digging. I would be interested what anyone thinks about this portion of my thesis.

So Korea is going all in on semis. 800 trillion won for four new chip fabs in the southwest, another 81 trillion for a packaging plant in Chungcheong, and over 1,000 trillion won earmarked for AI data centers by 2035. The stated goal is doubling DRAM capacity in 5 years.
Samsung and SK Hynix are obviously the headline names. But honestly the more interesting trade imo is the picks and shovels. Every fab needs litho, etch, deposition, inspection, test, plus wafers and gases. So you're looking at ASML, AMAT, LRCX, KLAC on the front end, then KLIC, TER, ASMPT, Advantest on the back end. Materials side is Shin-Etsu, SUMCO, DuPont, Linde.
Was pulling up the chip equipment chains on moomoo earlier and the order flow on some of these names already looks frontrun. Memory cycle is supposedly turning, AI capex isn't slowing, and now Korea is basically subsidizing the next leg of demand for these tools.
The bear case is real though. Overcapacity risk if everyone (Korea, Taiwan, US, China, Japan) builds at the same time. Margin compression. And the whole thing is one geopolitical headline away from getting nuked.
Am I overweighting the equipment names here? Feels like the cleanest exposure but also feels crowded. Anyone playing this through Micron instead of the toolmakers? Or just sitting it out until we see actual DRAM pricing follow through?

You have to dig through the sector, I am spread all over.  I think the same situation applies to enablers of more efficient chipsets.  
check out EUV corgi etf, I hold literally every company in there.
Most of my photonics/chip positions I have been holding for over a year waiting for chip/server architecture to collide with energy constraints, I am decently up on most of them, but I think that this shit is just getting started. A few I am heaviest on: POET, QUIK, AMD, GFS, MRVL, LRCX, ATOM, AIP, NBIS, INTC, GOOG, AEHR, MU, AAOI, TSM, VICR, ONTO, LSCC, KLAC, ALAB, LAES, SKYT, KLIC, UMC, RMBS, LITE, GLW, COHR, VRT, QUBT, LWLG, NVTS, AXTI, MCHP, WOLF, IONQ, AMKR, TSEM, TER, CAMT, MRCY, CRDO, AMAT, NVMI, CDNS, LSRCY, ALMU, MTSI, AMSC, ENTG, SNPS, FN, JBL.
Obviously some of these are already massively up from when I entered more than a year ago, so you'll have to do some digging. I would be interested what anyone thinks about this portion of my thesis.