How Value Investors Can Profit from the Global Semiconductor Reshoring

Lucas and Luna explore the value investing angle in the semiconductor manufacturing boom. With the CHIPS Act driving over $200 billion in construction spending and TSMC's Arizona fab now producing chips, Lucas argues that the real value opportunity is not in the headline AI names but in the unglamorous suppliers and infrastructure plays. He points to Applied Materials as a bellwether with a 15x forward earnings and 20% return on invested capital. Luna pushes back on the valuation and questions whether the cycle is peaking. They analyze the competitive moats of capital equipment makers versus foundries, and discuss how Greg Abel might approach this sector. The conversation is grounded in the current market backdrop: the S&P 500 down nearly 3% in a week, while value ETFs like VTV hold steady. A focused look at how patient capital can find margin of safety in the physical buildout of the digital economy. #ValueInvesting #Semiconductors #ChipsAct #AppliedMaterials #TSMC #CapitalEquipment #MarginOfSafety #IndustrialMoats #GregAbel #BerkshireHathaway #Infrastructure #SupplyChain #Technology #Finance #Investing #LongTerm #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo