supplierScore 60/100Watch
Semiconductor equipment vendors (Applied Materials, KLA, ASML) and power semiconductor suppliers (ON Semiconductor, Texas Instruments, Analog Devices) showing strong demand momentum
Lisa Su· AMD· AI· 2026-05-27· about Applied Materials; KLA Corporation; ON Semiconductor; Texas Instruments; Analog Devices (AMAT; KLAC; ON; TXN;)
“RAM research, Applied Materials, and KLA Corporation showed a rapid trend from 5% to 6%. In the power semiconductor industry, the on-semi-conductor was 9.3%, while Texas Instruments and Analog Devices showed a strong trend at 5%.”
Why it matters
Equipment vendors and power semiconductor suppliers are outperforming, signaling elevated capex spending by semiconductor manufacturers and increased power delivery demands from AI infrastructure.
Investment implication
Sustained demand for semiconductor manufacturing equipment and power management ICs suggests multi-year fab expansion cycle and power infrastructure build-out. Applied Materials and KLA positioned to capture capex share; power semiconductor suppliers gain from AI server power requirements.