24 240820.KQ Loading... : Bullish and Bearish Analyst Opinions

The memory industry is entering a structural investment boom with fabs being built from the late 2020s into the 2040s. Construction takes much longer than expected, especially in the US, locking in supply shortages for years. This drives a 10-year-plus supercycle for semiconductor equipment and materials companies. Front-end, back-end, packaging, and parts suppliers will all benefit, and the market has only just begun to price in the capacity expansion wave, putting stocks like Wonik IPS and TES at the early stage of a multi-year uptrend.