Applied Materials: Sanding Atoms - [Business Breakdowns, EP.118]

This podcast episode provides a comprehensive overview of the semiconductor industry, focusing on the history of the industry, the impact of geopolitics and globalization, and the role of Applied Materials as a leading company in the semiconductor manufacturing equipment sector. It discusses Applied Materials' strong financial performance, its close relationships with fabs, and the factors contributing to its continued growth, such as its monopoly position in certain industries and verticals, the release of new tools, and increasing politicization of the industry. The episode also examines the challenges the company faces in maintaining its market position amid geopolitical tensions and increasing competition. Finally, it explores the strategies and practices that have enabled Applied Materials to succeed in a highly cyclical industry.