35 Chip Stocks Powering AI Boom

23. Entegris, Inc. (NASDAQ:ENTG)

Number of Hedge Fund Holders: 37   

Entegris, Inc. (NASDAQ:ENTG) develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions. The firm markets specially mixed liquids and gasses that are used in semiconductor manufacturing facilities. The firm recently announced that it had entered into a long-term supply agreement with Onsemi, a manufacturer of advanced energy-efficient power semiconductors. Under the deal, the former will provide the latter a range of co-optimized chemical mechanical planarization solutions for silicon carbide applications.

Bertrand Loy, the CEO of Entegris, Inc. (NASDAQ:ENTG), said during the second quarter earnings call that the company was the first materials supplier to be awarded funding through the CHIPS Act, validating the importance of the position of the firm in the chip market. He also noted that AI-driven growth was propelling markets forward in chips and memory.