Unblockable Moats in Semis: ASML, AMAT, LRCX, KLAC, SNPS, CDNS
The global semiconductor supply chain is built on a handful of "unblockable" monopolies.
My infographic attempts to map out the bottlenecks in the supply chain. What’s currently the best investment opportunity in the sector?
PS: TSMC manufacture semiconductors, these companies manufacture the machines that manufacture semiconductors.
$Synopsys(SNPS)$ $Cadence Design(CDNS)$ $TE Connectivity(TEL)$ $ASML Holding NV(ASML)$ $Lam Research(LRCX)$ $Applied Materials(AMAT)$ $KLA-Tencor(KLAC)$
$Visa(V)$ $MasterCard(MA)$ $Fair Isaac(FICO)$ $MSCI Inc(MSCI)$ have all compounded their free cash flow per share by ≈ 20%+ over the last 15 years.
But it's not just the anti-fragile fintechs that have achieved this, so has the storage company $Extra Space Storage(EXR)$ . Which on the list do you own?
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