$LRCX vs $TER: Contrasting Two AI Semiconductor Equipment Leaders Both LRCX and TER are semiconductor-equipment names riding the AI-driven capital-spending cycle, but they serve different points in the chip-manufacturing flow. LRCX supplies wafer-fabrication equipment (etch and deposition), while TER builds automated test equipment (ATE) and robotics, giving each a distinct demand driver. Both delivered record quarterly revenue in recent months, with memory and AI infrastructure fueling momentum across each business. LRCX carries heavier China revenue concentration, a key risk factor; TER is more exposed to "lumpy" order timing in advanced compute and memory testing. $ONTO $STM $COHU $FORM