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Semiconductor Equipment Supercycle: Multi-Year Cleanroom Constraints Create Structural Tailwind Through 2027
Lam Research's Q2 2026 earnings call revealed a structural equipment supply bottleneck—not cyclical demand. Cleanroom capacity constraints are forcing multi-year customer commitments, with "better visibility into 2027 than ever before." WFE guidance of $135B for 2026 (+23% YoY) combined with acceler