Baillie Gifford Adds KLA, Citing Rising Chipmaking Complexity
The investment strategy says KLA’s process-control tools may gain value as semiconductor manufacturing grows more complex and defect tolerance falls.
Key takeaways
- Baillie Gifford’s US Equity Growth Strategy added KLA in the third quarter.
- The strategy said KLA’s tools may become more valuable as chipmaking grows more complex.
Baillie Gifford’s US Equity Growth Strategy added KLA Corporation in the third quarter, citing the growing complexity of semiconductor manufacturing. The letter also said KLA’s investment case does not depend on current chip shortages continuing.
The strategy said KLA’s inspection and process-control tools become more valuable as manufacturing grows more complex and tolerance for defects falls. It said these challenges could deepen KLA’s competitive advantage as demand for chips expands.
As of 14:13 UTC on Oct. 12, KLA shares traded at $190.64, down 2.52% since the previous close.
This article was produced with the help of AI technology. Source: Yahoo Finance
