All themes
Semiconductors
88 managers wrote about this in 204 letters. Every passage below is copied verbatim from the letter it came from.
Share of letters mentioning it
- 2026 Q156% of 54
- 2026 Q247% of 295
- 2026 Q366% of 53
- AcatisAug 2026
Lam Research (-32.8%): The semiconductor market shows increasing signs of nervousness.
Read the letter → Europe was no exception, with those companies exposed to the AI theme and in particular semiconductor companies bearing the brunt of the sell-off.
Read the letter →At the same time, reports of increasingly efficient AI models, as well as news of Chinese competitors, raised questions around the pace of future demand for certain semiconductor components, in particular, memory.
Read the letter →- Guinness Sustainable Energy FundAug 2026
Infineon and NXP were among the weakest performers as they suffered from a broader sell-off in AI and semiconductor names.
Read the letter → - Guinness Greater China FundAug 2026
In China, this unwinding was most apparent in crowded onshore AI and semiconductor names, while previously overlooked offshore stocks rebounded strongly.
Read the letter → - Guinness Global Innovators FundJul 2026
Korean index heavyweights SK Hynix and Samsung Electronics were among the clearest beneficiaries, soaring in value as demand for memory and semiconductor capacity accelerated.
Read the letter → A relief rally followed as the conflict stabilised, giving way to a phase dominated by AI infrastructure and semiconductor names, particularly memory, as capacity constraints drove a sharp re-rating across the value chain.
Read the letter →In Q2, significant outperformance for the Fund came primarily in April and was driven by our overweight positioning to IT and in particular, AI infrastructure and semiconductor stocks.
Read the letter →- ACATISJul 2026
Naura (+29.5%): Naura profited from the strong demand coming out of the semiconductor industry, as well as the successful development of a 12-inch Gas Cluster Ion Beam (GCIB) etching system.
Read the letter → This marks the best quarterly gain since Q2 2009, driven by the index's large semiconductor and IT hardware exposure.
Read the letter →Unsurprisingly, then, Emerging Asia was the top- performing region over the quarter, driven up over 30% by Semiconductor-related tech names in Korea and Taiwan.
Read the letter →The semiconductor industry is the archetypal ‘High CFROI change’ sector.
Read the letter →Most annoying to me is that we owned major positions in the hottest AI semiconductor plays—including AMD, Intel, Micron, Marvel, Applied Materials, Lam Research, and more—but sold them for a fraction of today's prices.
Read the letter →BE Semiconductor rallied on exceptional Q1 results and a major upgrade to its 2030 targets driven by accelerating hybrid bonding adoption across logic and memory.
Read the letter →- Guinness Sustainable Energy FundJul 2026
The electrification and efficiency of buildings, industrial activities, and transportation represent a total weight of c.29% and are split as follows: • In terms of transportation exposure, the portfolio holds five names in the electric vehicle sub-category, giving it exposure to companies that provide semiconductors, electronics, components and software/services to the growing EV and autonomous vehicle industry.
Read the letter → The Information Technology (IT) sector fell more than 13% as shares of AI-related semiconductor and hardware companies declined—including ASML in the Netherlands, Infineon Technologies in Germany, and Disco Corp and Lasertec in Japan.
Read the letter →Technology was the clear leader, up 45.1% in the quarter (48.7% year-to-date), as European semiconductor and capital goods companies supply the AI build-out.
Read the letter →- REQJul 2026
A recent contract win with a world-leading semiconductor equipment manufacturer, which will positively impact margins going forward, illustrates Bufab's ability to solve highly complex sourcing and supply chain challenges.
Read the letter → The Information Technology (IT) sector fell as shares of AI-related companies declined, including semiconductor equipment companies ASML in the Netherlands and Applied Materials in the US, semiconductor business AMD in the US, and memory chip manufacturers Kioxia Holdings in Japan and Micron Technology in the US.
Read the letter →- CDT Capital VNAVJul 2026
Note that at the beginning of the month, Samsung and Sk Hynix represented over 50% of the value of the index – two semiconductor companies that have seen a surge in their memory business and their share prices due to AI related demand.
Read the letter → - CDT Capital VNAV StrategyJul 2026
Note that at the beginning of the month, Samsung and Sk Hynix represented over 50% of the value of the index – two semiconductor companies that have seen a surge in their memory business and their share prices due to AI related demand.
Read the letter → These losses reflect weakness in the Information Technology (IT) sector, which fell 13% as shares of AI-related semiconductor and hardware companies declined, including ASML in the Netherlands, TSMC in Taiwan, and South Korean index heavyweights SK hynix and Samsung Electronics.
Read the letter →The Information Technology (IT) sector fell as shares of AI-related companies declined, including Dutch semiconductor equipment maker ASML, as well as memory chip manufacturers SK hynix and Samsung Electronics in South Korea and Micron Technology in the US.
Read the letter →- Guinness Greater China FundJul 2026
By contrast, the onshore market includes many of the power, semiconductor and infrastructure names that have benefited directly from the AI build-out.
Read the letter → - Guinness Multi-Asset FundsJul 2026
Korea and Taiwan were the standout performers, driven by semiconductor and memory chip demand.
Read the letter → - Amati Global Innovation FundJul 2026
Some of our more specialist companies that are exposed to the semiconductor capex cycle were also impacted and this weighed on the Fund over the month.
Read the letter → In July, AI and semiconductor-related stocks came under pressure, despite having been a major driver of market performance earlier in the year.
Read the letter →- Guinness China A Share FundJul 2026
Strong demand for data centres and AI servers supported suppliers of semiconductor equipment, optical components, printed circuit boards, copper-clad laminates and other advanced electronic materials.
Read the letter → - Spheria Opportunities FundJul 2026
Australia has less direct exposure to semiconductors, but data centre and electrical contracting names still came under pressure.
Read the letter → The upside is best expressed by the meteoric rise of semiconductor companies (‘semis’).
Read the letter →The technology-heavy Nasdaq Index rose approximately 20%, as spending on semiconductors, memory, data centres and electrical infrastructure continued to exceed expectations.
Read the letter →- Loomis SaylesJul 2026
A large portion of this outperformance was due to the AI and semiconductor exposure that Korea and Taiwan contribute to the Emerging Markets Index.
Read the letter → Korea’s growth is holding up while the KOSPI (Korea Composite Stock Price Index) has been on a bumpy ride amidst the global semiconductor selloff, but nevertheless still up 35% year to date.
Read the letter →- Longriver Partners FundJul 2026
I invested in semiconductor equipment supplier KLA Corp earlier this year and reinvested in Amazon, too.
Read the letter → Key Exits The Fund finished exiting Intel (INTC, semiconductor designer and manufacturer) and Hershey (HSY, North American candy and salty snack business) due to full valuations and theses having played out.
Read the letter →- Baron Technology ETFJun 2026
IT strength was concentrated in AI infrastructure builders within the semiconductors and semiconductor materials & equipment sub-industries.
Read the letter → - Bristlemoon Global FundJun 2026
ASML investment thesis We believe semiconductor capital equipment (semicap) is currently the most attractive subsector within semiconductors because the tremendous demand for compute and memory will drive a much higher-for- longer wafer fab equipment (WFE) capex cycle.
Read the letter → - Guinness Global Innovators FundJun 2026
Semiconductor stocks surged again, supported by exploding token usage, capital expenditure (capex) on infrastructure by AI ‘hyperscalers’, and exceptional earnings growth.
Read the letter → Second Quarter 2026 Report International Equity ADR Taiwan Semiconductor Manufacturing or TSMC, the most valuable company outside the US, possesses a widely admired business model.
Read the letter →Second Quarter 2026 Report International Developed Markets Equity Taiwan Semiconductor Manufacturing or TSMC, the most valuable company outside the US, possesses a widely admired business model.
Read the letter →
Showing the 40 most recent of 204 letters.