Well done solid write-up. Ozeco and I wrote about this about a week ago, similar conclusions. Something that's sticks with me that's it's not a commodity business as most would be led to believe. Wafers need to be customised on the surface to what the client needs. Thus the moat of the big 5 oligopoly is stronger than a pure commodity business.
Thanks for the feedback, I really appreciate it. Send over your research, maybe I'll pick up something new from it. This certainly isn't a commodity business - even among the «top five» not everyone has done equally well with leading edge wafers.
Well done solid write-up. Ozeco and I wrote about this about a week ago, similar conclusions. Something that's sticks with me that's it's not a commodity business as most would be led to believe. Wafers need to be customised on the surface to what the client needs. Thus the moat of the big 5 oligopoly is stronger than a pure commodity business.
Thanks for the feedback, I really appreciate it. Send over your research, maybe I'll pick up something new from it. This certainly isn't a commodity business - even among the «top five» not everyone has done equally well with leading edge wafers.