Andrew Hung

@StockSavvyShay Amat used to be the leader in etch and lost that to Lam

Why $ASML Reigns Supreme Among the Big 4 Semiconductor Equipment Makers 🧐 The semiconductor industry thrives on the precision and innovation of a select few companies. These firms -- $ASML, $AMAT, $LRCX, and $KLAC -- are not just players but monopolistic forces, each commanding dominance in its niche. Together, they are the architects of ever-smaller, faster, and more efficient chips, shaping everything from AI to IoT. Yet, among these titans, ASML emerges as a singular force, wielding a wide moat that far outpaces its peers’ niche strengths. At the heart of ASML’s supremacy lies its unassailable control of lithography technology, particularly its groundbreaking EUV systems. These machines are not just tools; they are the keys to the future of semiconductors, enabling manufacturers to push the boundaries of Moore’s Law. Competitors? They are practically non-existent in this arena. ASML has secured a role as the gatekeeper of progress, its machines an essential component for any chipmaker aiming to compete at the highest level. The TAM for lithography is colossal, reflecting not just demand but dependence. Without ASML, the semiconductor industry simply cannot advance. In contrast, Applied Materials occupies its own vital space, providing a broad suite of tools that span the entire chip production process. From deposition to chemical-mechanical polishing, AMAT’s offerings are indispensable, yet its moat, while formidable, is tethered to its expansive but specific portfolio. Similarly, Lam Research has cemented itself as the leading provider of etching equipment -- a critical step in carving the intricate pathways on silicon wafers. Its dominance is unquestioned, yet its TAM and influence remain narrower compared to ASML’s. KLA meanwhile excels in process diagnostics and control. By detecting defects and ensuring manufacturing precision, KLA safeguards the high yields required at advanced nodes, making it another crucial cog in the semiconductor machine. Yet, like Applied Materials and Lam Research, its reach, though vital, remains specialized. ASML’s distinction isn’t merely technological -- it’s the scale of its opportunity that sets it apart. The TAM for lithography dwarfs that of any other equipment category, positioning ASML as the primary beneficiary of the semiconductor industry’s exponential growth. As advancements in AI, 5G, and IoT fuel unprecedented demand for cutting-edge chips, ASML’s leadership ensures it captures the lion’s share of this expansion. The others, while exceptional in their domains, lack the market-spanning influence ASML wields. Make no mistake: Applied Materials, KLA and Lam Research are extraordinary companies, each poised to thrive in their specialized realms. Their contributions are indispensable to the industry’s ecosystem. Yet their narrower moats inherently limit their potential compared to ASML’s far-reaching dominance. Together, these four form the backbone of semiconductor manufacturing, a collaborative force driving the relentless innovation that defines this space. For investors, the choice is both nuanced and clear. All four companies represent strong opportunities, but for those seeking a true industry-wide play -- one with unparalleled barriers to entry and outsized growth potential -- ASML stands in a league of its own. Its combination of technological superiority, expansive TAM, and critical role in shaping the future ensures it remains not just a participant but a cornerstone in the evolution of semiconductors.

@kirk_bowman @rudestmf @aliniikk @kuldeepadalatw5 Have you heard of something called jobs?

@rudestmf @aliniikk @kuldeepadalatw5 Good for them. Good for the US?

Elon (Tesla): H-1B Sergey (Google): H-1B Jensen (NVIDIA): H-1B how the fuck is it bad?

@staringindis @Alkibiades_ Japan still has the fourth largest GDP.

@Alkibiades_ Japan is still the one of the two or three most well ordered, safe, clean, CIVILIZED societies of all time. GDP is a bullshit metric with little correlation to people’s well being. Would you rather live in Japan or India?

In the 1980's, Japan was faced with the EXACT same situation as the USA today. Faced with an asset bubble, they could have kept it going, opened their borders, and flooded the country with cheap labor. Instead, they kept the border closed, protected Japanese wages, and braced themselves for a 20-year economic stagnation (Lost Generation)

@Alkibiades_ You realize Japan is economically screwed right? Also Japan relies heavily on imports so the weak yen is very bad for most of the “Japanese race”. You are disproving your own point.

US elites don't have the COURAGE and WISDOM to do what Japan did. Face a 20-year economic stagnation head on, to preserve the Japanese race.

@DividendDude_X Life tip: Sell your ASML and buy PLTR

Life tips I wish I digested earlier… - Don’t care what others think - Hit the gym - Talk less - Avoid drama - Have genuine passion for something - Love yourself, think highly of yourself - Be kind - Have control over your emotions - Read more - Pick the right friends Anything else? 🤔

@NYTimesPR Paul Krugman is the reason I stopped reading NYT years ago

After nearly 25 years as an Opinion columnist, Paul Krugman is retiring from The Times. nytco.com/press/paul-kru…

@MMMTwealth ASML is a monopoly without pricing power. They have a moat but so do their very limited customers

$ASML has a bigger moat than $NVDA Free money.

@TheRealMcKoy85 Both Kyle and Wilks got beat in critical moments

I think Steve Wilks is gone next season. It’s been very clear that Wilks philosophy doesn’t jive with what the 49ers do. SF was better defensively under both of the previous defensive coordinators. Kyle overriding him on the sports biggest stage says it all. He’s done in SF.

@RohithKannan71 @NFLOfficiating

Today is the 3 year anniversary of Nick Bosa being blatantly held in the Super Bowl and a flag was never thrown

@akashanav @NFLOfficiating

The fact that Ndamukong Suh wasn’t called for roughing the passer after landing with all his body weight says it all

@BosaWasHeld @NFLOfficiating

@chuy_alejandra @grantcohn Grant is a toxic distraction and never adds value. All he does is print trash. players and fans should block him

Now that everything has calmed down a bit I will say this about @grantcohn. I’ve met him in person, and he’s 100% genuine. He advised me on building my platform, gave me the opportunity to write for his platform and he did this all on trust. It’s no BS, he’s a good person.

@arikarmstead @SInow Grant prints trash for views. the only right approach is to block him

Still waiting on a response to this. @SInow this is the type of reporter you hire? He would rather get in a fight with a player and retire instead of working for you. This is the worst representation of your company. There is no sports illustrated with out athletes.

@adi_mohtar @49ersHive @FFPod49 @EastBayChris Grant prints trash for views. the only right approach is to block him

This sums up 49ers Twitter

@RBReich you love taking things out of context. This is from an earnings call and the ceo is just telling shareholders the company won’t be negatively affected. Who is going to invest in a boring meat company that can’t grow earnings and is making 6%? pick a better villain dude

Meat prices increased by double digits. Tyson’s CEO says they’re asking customers to “pay for inflation.” Meanwhile, Tyson’s posted $1 billion in profits last quarter — a 48% increase from the first quarter of 2021. Don't be fooled. This is about corporate greed. It always is.

@ParikPatelCFA when the baby powder QC doesn’t get along with the opioid sales team

Johnson & Johnson to break into two separate companies, Johnson and Johnson

@atnissly i was really excited to read through and determine if 🥜 meant “peanuts” or “nuts”

1031’s are 🥜. Say you make $1mm profit on a house or RE deal. With 1031: put $1mm back into RE and grow from there. Without 1031: send ~$200k to Uncle Sam. Put $800k in stock market. ** it could then take 5 years for that $800k to even get back to $1mm.

@mattswider thank you Matt!!

Great. Two people have shown me they’ve gotten it so far. 🥳 With PS5 on Thursday, slowly but surely you’re all getting your console… except Xbox Series X – stay tuned for more on that this week.

@JohnPompliano @Keith_Wasserman 180M of PayPal in 2002 is still worth 40BN today

Elon Musk made $180M when PayPal was acquired in 2002. He put $100M in SpaceX, $70M in Tesla, and $10M in Solar City. He borrowed money for rent. Now, he's worth $190 billion. The greatest entrepreneurs aren't driven by money; it's a byproduct of success.

@Jason @victorjaquez @chamath @DavidSacks Does this mean we get two podcasts in one weekend again? @theallinpod

@victorjaquez @chamath @DavidSacks' wife did a preemptive dinner for Saturday for all besties.... we are bringing two therapists to do BRT (bestie reconciliation therapy)

At which point, when you made a billion dollars scaling Facebook from 20m users to 1b, did you come to this realization @chamath? Was it year one? ... or year two.... .... or year three... .. or maybe year four... or perhaps year five?