We attended SEMICON Day 1 in San Francisco and recap key takeaways from our meetings with AMAT, AEIS, FORM, MKSI, NVMI, and VECO. Overall equipment makers sounded constructive on the WFE demand with the focus on ramping manufacturing capacity amidst component shortages in flow meters, optical components, and PCB boards. AMAT: CY30 Financial Targets — AMAT introduced new CY30 targets of 54% non- GAAP GM and 40% non-GAAP operating margin, representing ~400 bps of GM expansion and 200–300 bps of operating leve ...