Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

ml, CCMP is the diametric opposite of LRCX and other semi equip. It is not really an equipment supplier, it supplies CMP slurries, and the more the industry moves to finer features the more they have to use cmp, and thus CCMP's products. Because ASP of chips decline, but number of chip sold still increase, they have to worry only about competing outfits trying to undersell them. In general, they are much more immune to the "cycle" than the chips and certainly much more than the Semi-equip companies. Their business is actually quite profitable.

Zeev