Latest news with #KLACorporation
Business News Wales
3 days ago
- Business
- Business News Wales
KLA's $138 Million Investment Brings New Jobs, Innovation, and Global Opportunity to Newport
Newport is celebrating a major boost to its economy and its future as a technology hub. Newport is celebrating a major boost to its economy and its future as a technology hub, following the recent announcement that KLA Corporation, a global leader in semiconductor process control and enabling technology, has opened a cutting-edge $138 million research and development (R&D) and manufacturing centre in the city. The investment is not just a win for KLA, it's a game-changer for Newport. With space for 750 highly skilled employees, the new 237,000-square-foot facility will create a wave of new job opportunities, helping to strengthen the local workforce, attract top technical talent, and grow Newport's reputation on the international stage as a centre of engineering and manufacturing excellence. KLA's local roots run deep. Its Wales-based product division, SPTS, has been a leader in semiconductor equipment innovation since 1984, winning multiple Queen's Awards for excellence in R&D and export. Now, with this expansion, the company is doubling down on Newport's role in the global semiconductor ecosystem, ensuring that cutting-edge technologies developed here will support industries like advanced packaging, power devices, microelectromechanical systems (MEMS), radio frequency (RF), and photonics. The Newport site features 25,000 square feet of R&D cleanrooms, 35,000 square feet of state-of-the-art manufacturing space, and dedicated customer collaboration and demonstration areas. This will not only enable KLA to meet rising global demand, especially as AI accelerates the need for advanced chips, but it will also serve as a key anchor for Newport's growing electronics and semiconductor community. 'This investment is about more than expanding KLA's capacity, it's about investing in Newport's future,' said Dan Collins, site leader and general manager at KLA. 'We're creating high-quality jobs, advancing technology, and deepening our long-term partnerships with the local community. It's a powerful moment for Newport, and we're excited to play a leading role in shaping what comes next.' Welsh and U.K. government leaders also highlighted the significance of KLA's decision to grow in Newport. 'We have a globally renowned compound semiconductor cluster here in Wales,' said Jo Stevens, Secretary of State for Wales. 'KLA's investment strengthens our position as a leader in this vital and growing industry — driving innovation, economic growth, and opportunity for people here in Newport and beyond.' As KLA opens its doors to a new era of innovation, Newport stands ready to reap the benefits, more jobs, enhanced skills development, and a place on the global map as a city helping to power the technologies of tomorrow.
South Wales Argus
6 days ago
- Business
- South Wales Argus
New £100 million centre to create 750 jobs in Newport
Newport City Council welcomed the opening of a new research and development and manufacturing centre in the city by KLA Corporation. The facility cost around 138 million dollars and is equivalent to just over £100 million. KLA is a global leader in process control and process enabling technology for the semiconductor industry. KLA's division in Wales, SPTS, has been at the forefront of semiconductor equipment innovation in the area since 1984. The new facility located in Celtic Lakes in Newport will create and provide 750 highly skilled jobs. Councillor Dimitri Batrouni, leader of the council, said: "People ask why I'm bullish on Newport's future. Well, this is why. "KLA's new $138 million world-class facility will bring 750 skilled, high-paying jobs to our city, to build the machines that make the chips, powering the AI revolution, around 98 per cent of which are exported. "This is the future of advanced manufacturing, right on our doorstep, and it is proof of KLA's belief that Newport is the perfect place to do business." Beverly Owen, chief executive of the council, added: The opening was a fantastic celebration of what our city has to offer. "We are absolutely delighted to welcome KLA's further investment into Newport, into our city and our people. "The council has worked closely with the team at KLA throughout as this investment has come to fruition. "Not only will this bring great employment and economic benefits, it will also further enhance our standing as a hub for global businesses, and our reputation as a place to do business." Dan Collins, site leader and general manager at KLA, said: "KLA brings together expertise in process and process control, providing customers with the breadth and depth they need to innovate and improve device performance. "As industry drivers like AI increase demand for advanced chips, our expansion in Wales and strong product portfolio position us to meet that demand—building on our rich history and investing in new technology, talent and long-term community partnerships. "We have a globally renowned compound semiconductor cluster here in Wales and the UK Government recognizes that this industry is a key driver for economic growth, and the U.K. Government has recently announced nearly £5 million to help build the talent pipeline." Secretary of State for Wales Jo Stevens said: "KLA's investment in this new facility further strengthens our position as a leader in this vital and growing industry. "This announcement is a celebration of KLA's commitment to innovation and to Wales as a growing hub of technological excellence and leadership."
South Wales Argus
27-05-2025
- Business
- South Wales Argus
New £100 million centre could create 750 jobs in city
Newport City Council welcomed the opening of a new research and development and manufacturing centre in the city by KLA Corporation. The facility cost around 138 million dollars and is equivalent to just over £100 million. KLA is a global leader in process control and process enabling technology for the semiconductor industry. KLA's division in Wales, SPTS, has been at the forefront of semiconductor equipment innovation in the area since 1984. The new facility located in Celtic Lakes in Newport will create and provide 750 highly skilled jobs. Councillor Dimitri Batrouni, leader of the council, said: "People ask why I'm bullish on Newport's future. Well, this is why. "KLA's new $138 million world-class facility will bring 750 skilled, high-paying jobs to our city, to build the machines that make the chips, powering the AI revolution, around 98 per cent of which are exported. "This is the future of advanced manufacturing, right on our doorstep, and it is proof of KLA's belief that Newport is the perfect place to do business." Beverly Owen, chief executive of the council, added: The opening was a fantastic celebration of what our city has to offer. "We are absolutely delighted to welcome KLA's further investment into Newport, into our city and our people. "The council has worked closely with the team at KLA throughout as this investment has come to fruition. "Not only will this bring great employment and economic benefits, it will also further enhance our standing as a hub for global businesses, and our reputation as a place to do business." Dan Collins, site leader and general manager at KLA, said: "KLA brings together expertise in process and process control, providing customers with the breadth and depth they need to innovate and improve device performance. "As industry drivers like AI increase demand for advanced chips, our expansion in Wales and strong product portfolio position us to meet that demand—building on our rich history and investing in new technology, talent and long-term community partnerships. "We have a globally renowned compound semiconductor cluster here in Wales and the UK Government recognizes that this industry is a key driver for economic growth, and the U.K. Government has recently announced nearly £5 million to help build the talent pipeline." Secretary of State for Wales Jo Stevens said: "KLA's investment in this new facility further strengthens our position as a leader in this vital and growing industry. "This announcement is a celebration of KLA's commitment to innovation and to Wales as a growing hub of technological excellence and leadership."
Yahoo
05-05-2025
- Business
- Yahoo
2 Growth Stocks with Explosive Upside and 1 to Keep Off Your Radar
Growth is a hallmark of all great companies, but the laws of gravity eventually take hold. Those who rode the COVID boom and ensuing tech selloff in 2022 will surely remember that the market's punishment can be swift and severe when trajectories fall. The risks that can come from buying these assets is precisely why we started StockStory - to isolate the long-term winners from the losers so you can invest with confidence. Keeping that in mind, here are two growth stocks where the best is yet to come and one whose momentum may slow. One-Year Revenue Growth: +18.2% With over 150 locations and gyms that include saunas and steam rooms, Life Time (NYSE:LTH) is an upscale fitness club emphasizing holistic well-being and fitness. Why Are We Wary of LTH? Weak same-store sales trends over the past two years suggest there may be few opportunities in its core markets to open new locations Cash-burning history makes us doubt the long-term viability of its business model High net-debt-to-EBITDA ratio of 6× increases the risk of forced asset sales or dilutive financing if operational performance weakens Life Time is trading at $32.39 per share, or 27.9x forward P/E. If you're considering LTH for your portfolio, see our FREE research report to learn more. One-Year Revenue Growth: +20.3% Formed by the 1997 merger of the two leading semiconductor yield management companies, KLA Corporation (NASDAQ:KLAC) is the leading supplier of equipment used to measure and inspect semiconductor chips. Why Do We Love KLAC? Impressive 15.6% annual revenue growth over the last five years indicates it's winning market share this cycle Healthy operating margin of 35.9% shows it's a well-run company with efficient processes, and it turbocharged its profits by achieving some fixed cost leverage Robust free cash flow margin of 31.2% gives it many options for capital deployment KLA Corporation's stock price of $697.25 implies a valuation ratio of 22.1x forward P/E. Is now the time to initiate a position? See for yourself in our in-depth research report, it's free. One-Year Revenue Growth: +19.1% Pioneering minimally invasive surgery since its first da Vinci system was FDA-cleared in 2000, Intuitive Surgical (NASDAQ:ISRG) develops and manufactures robotic-assisted surgical systems that enable minimally invasive procedures across various medical specialties. Why Does ISRG Catch Our Eye? Products are reaching more customers as its system placement averaged 11.8% growth over the past two years Projected revenue growth of 14.8% for the next 12 months suggests its momentum from the last two years will persist Earnings growth has comfortably beaten the peer group average over the last five years as its EPS has compounded at 12.3% annually At $528.99 per share, Intuitive Surgical trades at 63.1x forward P/E. Is now a good time to buy? Find out in our full research report, it's free. Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 175% over the last five years. Stocks that made our list in 2019 include now familiar names such as Nvidia (+2,183% between December 2019 and December 2024) as well as under-the-radar businesses like Sterling Infrastructure (+1,096% five-year return). Find your next big winner with StockStory today for free. Sign in to access your portfolio
Yahoo
30-04-2025
- Business
- Yahoo
KLA Corporation (NASDAQ:KLAC) Posts Better-Than-Expected Sales In Q1, Provides Encouraging Quarterly Revenue Guidance
Semiconductor manufacturing equipment maker KLA Corporation (NASDAQ:KLAC) reported Q1 CY2025 results beating Wall Street's revenue expectations , with sales up 29.8% year on year to $3.06 billion. Guidance for next quarter's revenue was optimistic at $3.08 billion at the midpoint, 2.7% above analysts' estimates. Its non-GAAP profit of $8.41 per share was 4% above analysts' consensus estimates. Is now the time to buy KLA Corporation? Find out in our full research report. Revenue: $3.06 billion vs analyst estimates of $3.01 billion (29.8% year-on-year growth, 1.8% beat) Adjusted EPS: $8.41 vs analyst estimates of $8.08 (4% beat) Adjusted EBITDA: $1.43 billion vs analyst estimates of $1.37 billion (46.8% margin, 4.8% beat) Revenue Guidance for Q2 CY2025 is $3.08 billion at the midpoint, above analyst estimates of $2.99 billion Adjusted EPS guidance for Q2 CY2025 is $8.53 at the midpoint, above analyst estimates of $7.98 Operating Margin: 41.3%, up from 31.2% in the same quarter last year Free Cash Flow Margin: 32.3%, down from 35.5% in the same quarter last year Inventory Days Outstanding: 244, up from 227 in the previous quarter Market Capitalization: $91.42 billion Formed by the 1997 merger of the two leading semiconductor yield management companies, KLA Corporation (NASDAQ:KLAC) is the leading supplier of equipment used to measure and inspect semiconductor chips. Reviewing a company's long-term sales performance reveals insights into its quality. Any business can have short-term success, but a top-tier one grows for years. Thankfully, KLA Corporation's 15.6% annualized revenue growth over the last five years was excellent. Its growth surpassed the average semiconductor company and shows its offerings resonate with customers, a great starting point for our analysis. Semiconductors are a cyclical industry, and long-term investors should be prepared for periods of high growth followed by periods of revenue contractions (which can sometimes offer opportune times to buy). We at StockStory place the most emphasis on long-term growth, but within semiconductors, a half-decade historical view may miss new demand cycles or industry trends like AI. KLA Corporation's recent performance shows its demand has slowed significantly as its annualized revenue growth of 4.2% over the last two years was well below its five-year trend. This quarter, KLA Corporation reported robust year-on-year revenue growth of 29.8%, and its $3.06 billion of revenue topped Wall Street estimates by 1.8%. Beyond the beat, this marks 4 straight quarters of growth, implying that KLA Corporation is in the middle of its cycle - a typical upcycle generally lasts 8-10 quarters. Company management is currently guiding for a 19.7% year-on-year increase in sales next quarter. Looking further ahead, sell-side analysts expect revenue to grow 4.3% over the next 12 months, similar to its two-year rate. This projection doesn't excite us and suggests its newer products and services will not catalyze better top-line performance yet. At least the company is tracking well in other measures of financial health. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. Days Inventory Outstanding (DIO) is an important metric for chipmakers, as it reflects a business' capital intensity and the cyclical nature of semiconductor supply and demand. In a tight supply environment, inventories tend to be stable, allowing chipmakers to exert pricing power. Steadily increasing DIO can be a warning sign that demand is weak, and if inventories continue to rise, the company may have to downsize production. This quarter, KLA Corporation's DIO came in at 244, which is 19 days above its five-year average, suggesting that the company's inventory has grown to higher levels than we've seen in the past. We enjoyed seeing KLA Corporation beat analysts' revenue, EPS, and EBITDA expectations this quarter. We were also glad its revenue and EPS guidance for next quarter exceeded Wall Street's estimates. On the other hand, its inventory levels materially increased. Still, this quarter had some key positives. The stock remained flat at $702.69 immediately after reporting. So do we think KLA Corporation is an attractive buy at the current price? We think that the latest quarter is just one piece of the longer-term business quality puzzle. Quality, when combined with valuation, can help determine if the stock is a buy. We cover that in our actionable full research report which you can read here, it's free. Sign in to access your portfolio
