|AMAT CC: "technology investment doesn't stop. We're just getting started."|
As if this is some sorta revelation...
It's ALWAYS JUST starting.
PCIe 5 86 in '21 will only add to the bit tsunami created by the ARM guys.
2H20 on a TOTAL no brainer.
If I take what you just said and I sort of extend on it a little bit, the argument to me that you just made was for continued increase potentially in capital intensity. I mean, you talked about like wafer starts coming down, but still a very strong kind of overall market with the technology investment. The technology investment doesn't stop. We're just getting started. Like what are your thoughts on capital intensity trends, both in memory as well as logic? I mean we see memory capital intensity go up multiples, for example, in the last few years. We've got more layers and everything else coming on top of that. And so I'd love to get your point of view on, I guess, within the framework you just said, how you see capital intensity across both of those on end markets, memory, logic playing? Because with what you said, it really does seem to sort of fuel that kind of thesis.
Yes, I think if you look, Stacy, at memory, I think it was maybe 2013 investor meeting, we talked about the shift from 2D to 3D NAND. So, that was a major shift. At the time we first started talking about that, it was still very early relative to that transition, but a tremendous change in term shift from the 2D scaling to 3D scaling. And we see that continuing. If you look at the memory market, people are going to higher stacks, multiple stacks, different technologies for the peripheral areas of those types of devices. And so all of that is …..