The huge, long-term tailwinds driving Semiconductor growth
Transcript
| Chris Davis: | This is just shows you that semiconductor global revenue is basically a growth trend over any time period. Going all the way back to the creation of the transistor. And in a sense, that is the blue bars going up into the right. So, that is, you could take that over any time period. The red simply shows you capital spending as a percentage of that revenue. So, when you have growing revenue and then something that will tend to grow as a percentage of that revenue, those two growth rates compound on each other. And we think that's what favors, in our view, companies like Applied, that have a growing percentage of revenue dedicated to their products from customers whose revenue is growing on top of it. |
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