Lam Research, Applied Materials Set To Reap IoT Harvest

- Internet of Things LT growth bodes well for semi-conductor equipment maker growth

- LRCX and AMAT shares near highs but at relatively undemanding valuation multiples

- As new IoT demand materializes—autos, healthcare—stocks could rise 25% or more

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In the previous Signal From Noise (June 17, Continued IoT Growth Good News for   Nordic Semiconductor), I focused on the Internet of Things (IoT), which is likely to continue growing, limited only by what uses engineers dream up for semiconductor chips. Just about any area can see increased chips use: autos, healthcare, factory automation, HVAC systems, to name a few. 
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The IOT is rich in possibilities for the world’s consumers and for companies that provide the architecture and backbone. The IoT means most objects can be connected via the internet and local networks, giving and receiving data, from personal medical devices to mobile phones to self-driving cars. If it’s electronic, there’s probably going to be a chip needed to power it or control it.

In a normal year, some 80 million cars are sold, each with more and more computing power. Only yesterday, Mercedes Benz and NVIDIA said they plan to cooperate on a new in-vehicle computer system and AI infrastructure, to be introduced in 2024.&nb...
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