I think there's a difference between Lam's vs MU's outlook. |
MU is strictly a commodity play. When chip demand
outpaced supply, they soared. Now, they have no leverage on
the market and are actually lagging others in their technology.
That "delayed" plant in Utah was supposedly targeted to make
4 mb DRAM chips on 200 mm wafers. Already obsolete.
I see potentially terrible times ahead for MU. The Koreans are
Lam, on the other hand, has industry-leading technology and
an expanding market share. They are not a commodity player.
When the chipmaking industry decides to convert to 300mm
wafers & .25 micron geometry, Lam should do extremely well.
By the way, Korea is one of Lam's major international customers.