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The latest Zacks Industry Rank Story is about the High Tech of the High Tech.

The 7-company-strong Semiconductor Equipment & Wafer Fabrication industry is red hot. It is currently ranked #45 out of 265 Zacks Industries.  In recent weeks, there have been 14 positive estimate revisions and just 1 negative revision, with the average positive revisions coming in at +22%.

These are not chipmaker companies, per se, but the critical technology suppliers of the quantum breakthroughs behind dynamic semi chip production. In their own way of saying it, they provide the breakthrough that enables the breakthrough.’

In comparison, the huge 36-company strong downstream Semiconductor Chip Industry ranked #20 out of 265, when I looked. It has 16 positive revisions and just 1 negative revision, in recent weeks. The Semi Chip makers averaged positive revisions of +28%.

It’s simple. It’s an integrated value chain story here. The stronger and faster growing downstream Semi Chip company revenue and EPS growth gets, the better key upstream Semi Chip Equipment revenue and EPS growth gets.

The 36 Zacks Ranked Chip companies keep this smaller 7-company backend Semi Equipment industry group busy these days. These types of chip technology businesses --and their shares-- don’t look like they are going to lose momentum any time soon.