In the semiconductor business, investors can easily overlook companies like Lam Research (NASDAQ: LRCX). As a maker of equipment for semiconductor manufacturers, its role in the chip industry can go unseen. Hence, design companies like Nvidia or chip manufacturers like Taiwan Semiconductor Manufacturing (TSMC) earn more public exposure.

However, even with a temporary slump in the semiconductor business, chip companies are on a building spree as they work to meet rising demand. This trend benefits companies like Lam Research, as fabrication plants (fabs) invest in added equipment to get up and running to meet the demand.

Lam Research's equipment creates chips for computing devices, mobile phones, automobiles, and other products. Thanks to technologies such as artificial intelligence (AI), which demands exponentially more computing power, manufacturers will need more equipment from Lam and its peers.

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Source Fool.com