Semiconductor Equipment & Materials
Semiconductor equipment and materials covers the machines, instruments and specialty inputs used to make and test chips at wafer fabs and assembly sites. Capital flows to this theme when chipmakers expand or upgrade capacity for advanced logic, memory and packaging, and when new process technologies require new tools and materials.
17 of 26 stocks are in a Stage 2 uptrend.
Stocks in this theme
| Ticker | Price | 1M | 3M | 1Y | Stage | Trend | vs 52w high |
|---|---|---|---|---|---|---|---|
| AXTIAxt Inc | $77.41 | +27.7% | +19.0% | +1483.0% | Stage 2 (extended) | 5/7 | -45.03% |
| AEHRAehr Test Systems | $99.62 | +25.7% | +18.0% | +227.2% | Stage 2 (continuation) | 6/7 | -31.58% |
| KEYSKeysight Technologies, Inc. | $364.04 | +12.8% | +8.5% | +110.1% | Stage 2 (re-acceleration) | 7/7 | -2.49% |
| FORMFormfactor Inc | $149.31 | +48.4% | +1.5% | +311.9% | Stage 2 (extended) | 6/7 | -6.64% |
| CAMTCamtek Ltd | $155.25 | +15.9% | -0.1% | +49.5% | Stage 1 | 4/7 | -25.17% |
| COHUCohu Inc | $68.14 | +47.8% | -1.4% | +239.5% | Stage 2 (extended) | 7/7 | -7.81% |
| ASMLAsml Holding NV | $1811.67 | +6.8% | -1.7% | +88.2% | Stage 2 (re-acceleration) | 7/7 | -8.94% |
| RALRalliant Corp | $69.17 | +12.1% | -3.5% | +61.5% | Stage 2 (continuation) | 7/7 | -6.06% |
| TERTeradyne, Inc | $400.91 | +14.6% | -6.2% | +198.4% | Stage 2 (re-acceleration) | 7/7 | -17.14% |
| ENTGEntegris Inc | $154.06 | +13.9% | -6.7% | +64.8% | Stage 2 (re-acceleration) | 7/7 | -16.27% |
| ONTOOnto Innovation Inc. | $307.82 | +15.2% | -12.4% | +136.1% | Stage 2 (re-acceleration) | 7/7 | -18.66% |
| LRCXLam Research Corp | $328.51 | +9.0% | -16.0% | +150.6% | Stage 2 (re-acceleration) | 7/7 | -24.19% |
| AEISAdvanced Energy Industries Inc | $281.82 | +1.8% | -20.9% | +69.0% | Stage 1 | 3/7 | -27.56% |
| AMATApplied Materials Inc /De | $511.38 | +11.6% | -21.4% | +149.5% | Stage 2 (re-acceleration) | 6/7 | -29.27% |
| NVMINova Ltd. | $385.2 | +10.6% | -23.4% | +23.8% | Stage 1 | 3/7 | -36.4% |
| ESIElement Solutions Inc | $36.28 | +2.1% | -24.0% | +45.3% | Stage 1 | 4/7 | -26.09% |
| ACLSAxcelis Technologies Inc | $131.18 | +13.7% | -26.4% | +35.7% | Stage 2 (re-acceleration) | 5/7 | -31.53% |
| KLACKla Corp | $194.93 | +11.1% | -26.8% | +83.2% | Stage 2 (re-acceleration) | 5/7 | -35.39% |
| KLICKulicke & Soffa Industries Inc | $94.25 | +17.7% | -29.6% | +132.4% | Stage 2 (re-acceleration) | 5/7 | -29.56% |
| ACMRACM Research, Inc. | $80.92 | +11.1% | -30.9% | +109.4% | Stage 2 (continuation) | 6/7 | -36.23% |
| VECOVeeco Instruments Inc | $51.9 | +17.2% | -31.5% | +73.8% | Stage 2 (re-acceleration) | 5/7 | -37.5% |
| IPGPIpg Photonics Corp | $78.28 | +2.9% | -31.6% | -0.8% | Stage 4 | 1/7 | -49.14% |
| AMKRAmkor Technology, Inc. | $52.38 | +10.7% | -34.5% | +83.7% | Stage 1 | 3/7 | -44.01% |
| MKSIMks Inc | $265.36 | +3.6% | -35.4% | +117.3% | Stage 1 | 3/7 | -40.34% |
| UCTTUltra Clean Holdings, Inc. | $81.06 | +19.5% | -37.5% | +202.2% | Stage 1 | 4/7 | -43.15% |
| ICHRIchor Holdings, Ltd. | $61.86 | +15.5% | -44.6% | +260.1% | Stage 1 | 4/7 | -44.91% |
Deep dive
This theme includes firms that make the capital equipment and the chemical, gas and consumable inputs required for semiconductor manufacturing. Equipment spans lithography, deposition, etch, ion implantation, chemical-mechanical polishing, metrology and inspection, and final test and handling. Materials and consumables include specialty chemicals, filtration and contamination-control products, wafers, photoresists and bonding and packaging materials. Together these products enable wafer fabrication at both leading-edge and specialty-node factories and the back-end steps that turn wafers into finished parts.
Demand for equipment and materials is driven by technical change in chips and changes in chip volumes. Adoption of smaller nodes, multi-die packaging and advanced memory increases demand for new lithography, deposition and inspection capabilities. Growth in artificial intelligence, cloud computing, 5G infrastructure, electric vehicles and industrial automation pushes higher wafer starts and diverse process requirements. Policy actions and corporate decisions to add foundry and assembly capacity also matter because factory builds and upgrades create sustained multi-year spending cycles.
The value chain splits into toolmakers, materials suppliers and test/automation specialists. Toolmakers include firms focused on lithography systems, wafer processing equipment and thermal and power subsystems. Materials suppliers provide gases, specialty chemicals, filtration media and wafer substrates. Test and handling specialists supply probe cards, handlers, automated test equipment and metrology instruments that verify yield and performance. Examples across these roles are companies known for lithography systems, wafer fabrication equipment, inspection and metrology instruments, materials and consumables, and test and packaging support.
Whether the theme keeps attracting capital depends on technology roadmaps, capital spending cycles and supply chain policy. Continued scaling or adoption of advanced packaging and new device types supports ongoing tool and materials demand, while a prolonged downturn in end markets or slowing node migration reduces spending. Supply constraints, single-source dependencies and export controls can interrupt flows and shift spending toward alternative suppliers. Execution risk at tool and materials firms matters because long lead times and high development costs make innovation and reliable delivery central to long-term relevance.