Semiconductors (chips) are extremely important to the AI ecosystem, especially memory chips like $MU, GPUs like $NVDA, GPUs/CPUs like $AMD, and custom networking/connectivity chips like $AVGO.
While some of these companies like $MU both design and manufacture chips, many others design, but do not manufacture these chips.
They rely on advanced foundries like $TSM to manufacture these chips.
In either case, none of this is possible without the semiconductor equipment makers like $ASML, $AMAT, $LRCX, and $KLAC.
These companies provide the essential tools and equipment (lithography, etch, deposition, inspection) required to produce these chips at scale.
No equipment = no advanced chips.
This means $MU would not be able to produce any chips without companies like $ASML, $AMAT, $LRCX, and $KLAC providing the equipment necessary to make these chips.
More demand for chips = more demand for equipment.
Know this...