You’ll find semiconductors in just about every device with a plug, a power button, or a battery. In this episode of What Matters Most, Sands Capital research analyst Daniel Pilling explains why Entegris, a critical player in the global semiconductor industry, is seeing rapid growth as the demand for artificial intelligence (AI) and machine learning intensifies.
Transcript available here.
(00:01:37) From vacuum tubes to artificial intelligence (AI) in 80 years—a quick history of semiconductors
(00:04:51) How small is a nanometer really? Moore’s Law in action, shrinking chip circuitry.
(00:07:33) Exponential complexity in chipmaking. Skyscrapers and bread?
(00:09:00) But actually, how do you make a semiconductor?
(00:15:18) Entegris: chemicals or technology analysts? Who covers it and why?
(00:18:56) “One throat to choke”? And the chokepoint explained.
(00:26:28) Why consumables have less “lumpy” capital expenditures
(00:26:51) Chips that power EVs [electric vehicles]
(00:30:22) Don’t bet on the winner in this market, and what to do instead.
(00:33:57) Advantages and industry talent finding an employer of choice
(00:40:32) The iPhone moment and where AI is going from here
(00:42:17) Outlook for Entegris and semiconductor growth
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