# Investing in the Semiconductor Industry: Exploring A.N.T.S. Companies and Beyond

*The Benefits of Investing in Mid-Cap and Small-Cap Companies Connected to A.N.T.S Companies*

By [Marathon Macro](https://paragraph.com/@marathon-macro) · 2023-02-28

macro thoughts

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[![](https://paragraph.xyz/editor/youtube/play.png)](https://www.youtube.com/watch?v=W8wv1d6jDoU)

We discussed the importance of the semiconductor industry and how it plays a critical role in the production of many modern electronic devices, such as smartphones, computers, and cars. We also highlighted the popularity of investing in this sector, particularly in the four companies known as A.N.T.S. - ASML, NVIDIA, TSMC, and Samsung. These companies are leaders in the semiconductor industry and are highly sought-after investments due to the growing demand for electronic devices.

In addition to investing in the A.N.T.S. companies - ASML, NVIDIA, TSMC, and Samsung - it may also be worth considering investments in smaller, mid-cap and small-cap companies that are connected to one of these larger companies. Some examples of such companies include MRVL, CGNX, MLNX, XCRA, ACXC, and FLXG. These smaller companies may benefit from their connection to the A.N.T.S. companies, as they may have access to the latest technologies and markets through these larger companies. Additionally, the success of the A.N.T.S. companies can potentially have a positive impact on the stock prices of these smaller companies, making them more attractive investments for those looking to invest in the semiconductor industry.

![](https://storage.googleapis.com/papyrus_images/5fd916e96c84a90169f136da53636a71.png)

**MRVL,** or Marvell Technology Group, is a mid-cap company that is connected to the A.N.T.S. [**company Samsung.**](https://flight.beehiiv.net/v2/clicks/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJ1cmwiOiJodHRwczovL3d3dy5tYXJ2ZWxsLmNvbS9jb21wYW55L25ld3Nyb29tL21hcnZlbGwtYW5kLXNhbXN1bmctZXh0ZW5kLXN0cmF0ZWdpYy1wYXJ0bmVyc2hpcC1mb3ItNWctZ2xvYmFsLWluZnJhc3RydWN0dXJlLmh0bWwiLCJwb3N0X2lkIjoiNjY5YzAwZTUtMDlhZS00N2RiLTllNWItYjQ2YjJiOGFmOTg0IiwicHVibGljYXRpb25faWQiOiJiMDliODFjMi1mNjk0LTQyYzktYjU5OS02MzRjMGFkZGYyMWIiLCJ2aXNpdF90b2tlbiI6IjkzOWM1ZTQyLThjMjQtNDUwOC1hN2FhLWI4ZTM3NzJhMTEyMiIsImlhdCI6MTY3Njk2NDYxMy4wNzQsImlzcyI6Im9yY2hpZCJ9.IAe8QDTx8FRZhsR3cRofShSjnWoBJt3WM7rqwvtcjco) Marvell is a global leader in the design, development, and sale of a wide range of semiconductor products, including those for networking, storage, and wireless communications. In recent years, the company has been working closely with Samsung on the development of advanced semiconductor technologies, including those for 5G networking and artificial intelligence. This partnership with Samsung has allowed Marvell to access the company's expertise and resources in these areas, which has helped Marvell to grow and expand its business. Marvell and Samsung have a strong partnership in the development of advanced semiconductor technologies, and Marvell has been working with Samsung on the development of [**5G**](https://flight.beehiiv.net/v2/clicks/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJ1cmwiOiJodHRwczovL3d3dy50ZWNocmFkYXIuY29tL25ld3Mvd2hhdC1pcy01ZyIsInBvc3RfaWQiOiI2NjljMDBlNS0wOWFlLTQ3ZGItOWU1Yi1iNDZiMmI4YWY5ODQiLCJwdWJsaWNhdGlvbl9pZCI6ImIwOWI4MWMyLWY2OTQtNDJjOS1iNTk5LTYzNGMwYWRkZjIxYiIsInZpc2l0X3Rva2VuIjoiOTM5YzVlNDItOGMyNC00NTA4LWE3YWEtYjhlMzc3MmExMTIyIiwiaWF0IjoxNjc2OTY0NjEzLjA3NCwiaXNzIjoib3JjaGlkIn0.totNdhHQv4qduyUZyLfdtWG8KF8kWQT5rQ1iqbheQgs) networking and [**AI technologies**](https://flight.beehiiv.net/v2/clicks/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJ1cmwiOiJodHRwczovL3d3dy5pbnZlc3RvcGVkaWEuY29tL3Rlcm1zL2EvYXJ0aWZpY2lhbC1pbnRlbGxpZ2VuY2UtYWkuYXNwIiwicG9zdF9pZCI6IjY2OWMwMGU1LTA5YWUtNDdkYi05ZTViLWI0NmIyYjhhZjk4NCIsInB1YmxpY2F0aW9uX2lkIjoiYjA5YjgxYzItZjY5NC00MmM5LWI1OTktNjM0YzBhZGRmMjFiIiwidmlzaXRfdG9rZW4iOiI5MzljNWU0Mi04YzI0LTQ1MDgtYTdhYS1iOGUzNzcyYTExMjIiLCJpYXQiOjE2NzY5NjQ2MTMuMDc0LCJpc3MiOiJvcmNoaWQifQ.2mf37jV-azpMBGtnNwfCPiar5CH5MnAvO84EgWb41pM), among others.

**CGNX**, or Cognex Corporation, is another mid-cap company that is connected to the A.N.T.S. [**company ASML.**](https://flight.beehiiv.net/v2/clicks/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJ1cmwiOiJodHRwczovL3d3dy5wcm5ld3N3aXJlLmNvbS9uZXdzLXJlbGVhc2VzL2NvZ25leC1wYXJ0bmVycy13aXRoLWFzbWwtdG8tZnVydGhlci1hZHZhbmNlLXRoZS1zbWFydC1mYWN0b3J5LTMwMTA5Njc1OS5odG1sIiwicG9zdF9pZCI6IjY2OWMwMGU1LTA5YWUtNDdkYi05ZTViLWI0NmIyYjhhZjk4NCIsInB1YmxpY2F0aW9uX2lkIjoiYjA5YjgxYzItZjY5NC00MmM5LWI1OTktNjM0YzBhZGRmMjFiIiwidmlzaXRfdG9rZW4iOiI5MzljNWU0Mi04YzI0LTQ1MDgtYTdhYS1iOGUzNzcyYTExMjIiLCJpYXQiOjE2NzY5NjQ2MTMuMDc0LCJpc3MiOiJvcmNoaWQifQ.cSa457LwiD3orVEw81YM4JZgJPVw4JNcHXrGYrtzOno) Cognex is a leader in the development and production of machine vision systems, which are used to automate the inspection and analysis of products in a variety of industries. The company has a strong relationship with ASML, which is a leading provider of [**photolithography**](https://flight.beehiiv.net/v2/clicks/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJ1cmwiOiJodHRwczovL3d3dy5pbnZlc3RvcGVkaWEuY29tL3Rlcm1zL3AvcGhvdG9saXRob2dyYXBoeS5hc3AiLCJwb3N0X2lkIjoiNjY5YzAwZTUtMDlhZS00N2RiLTllNWItYjQ2YjJiOGFmOTg0IiwicHVibGljYXRpb25faWQiOiJiMDliODFjMi1mNjk0LTQyYzktYjU5OS02MzRjMGFkZGYyMWIiLCJ2aXNpdF90b2tlbiI6IjkzOWM1ZTQyLThjMjQtNDUwOC1hN2FhLWI4ZTM3NzJhMTEyMiIsImlhdCI6MTY3Njk2NDYxMy4wNzQsImlzcyI6Im9yY2hpZCJ9.N5_7hNXQ4hfH1IKfB5h207YUV4mXmd4zARUvdLdyYEw) systems used in the production of semiconductors. This relationship allows Cognex to access ASML's expertise and resources in the field of photolithography, and helps the company to stay at the forefront of semiconductor production technology. Cognex is a leader in the development and production of machine vision systems, and has a strong relationship with ASML, a leading provider of photolithography systems used in the production of semiconductors.

**LRCX**, or LAM Research Corporation, is a mid-cap company that is connected to the A.N.T.S. company TSMC. LAM Research is a leading provider of equipment used in the production of semiconductor devices, such as microchips and memory chips. The company has a close partnership with TSMC, which is a leader in the provision of semiconductor manufacturing services and a major player in the semiconductor industry. This partnership with TSMC allows LAM Research to access the company's expertise and resources in the field of semiconductor production, and helps LAM Research to stay competitive in the market for equipment used in the production of semiconductor devices. LAM Research is a leading provider of equipment used in the production of semiconductor devices and has a close partnership with TSMC, a leader in the provision of semiconductor manufacturing services.

![](https://storage.googleapis.com/papyrus_images/bf2efb9da0a310e1525196e7fc99dd91.png)

**XCRA**, or Xcerra Corporation, is a small-cap company that is connected to the A.N.T.S. company TSMC. Xcerra is a global leader in the design and production of test and handling solutions for the semiconductor industry, and has a strong relationship with TSMC, the largest [**semiconductor foundry**](https://flight.beehiiv.net/v2/clicks/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJ1cmwiOiJodHRwczovL3d3dy5pbnZlc3RvcGVkaWEuY29tL3Rlcm1zL3Mvc2VtaWNvbmR1Y3Rvci1mb3VuZHJ5LmFzcCIsInBvc3RfaWQiOiI2NjljMDBlNS0wOWFlLTQ3ZGItOWU1Yi1iNDZiMmI4YWY5ODQiLCJwdWJsaWNhdGlvbl9pZCI6ImIwOWI4MWMyLWY2OTQtNDJjOS1iNTk5LTYzNGMwYWRkZjIxYiIsInZpc2l0X3Rva2VuIjoiOTM5YzVlNDItOGMyNC00NTA4LWE3YWEtYjhlMzc3MmExMTIyIiwiaWF0IjoxNjc2OTY0NjEzLjA3NCwiaXNzIjoib3JjaGlkIn0.addYQzdy73I62w9ByuTQ_2sGD7LFnoGpFx-6MXHgoxY) in the world and a leader in the production of advanced microchips. This partnership with TSMC allows Xcerra to access the company's expertise and resources in the field, and helps Xcerra to stay competitive in the market for semiconductor test and handling solutions. Xcerra is a global leader in the design and production of test and handling solutions for the semiconductor industry, and has a strong partnership with TSMC, the largest semiconductor foundry in the world.

**ACXC**, or Acacia Communications, is another small-cap company that is connected to the A.N.T.S. company ASML. Acacia is a leading provider of high-speed coherent optical interconnect products, which are used to transmit data over long distances at high speeds. The company has a close partnership with ASML, which is a leading provider of photolithography systems used in the production of semiconductors. This partnership with ASML allows Acacia to access the company's expertise and resources in the field of photolithography, and helps Acacia to stay at the forefront of technology in the market for high-speed coherent optical interconnect products. Acacia is a leading provider of high-speed coherent optical interconnect products and has a close partnership with ASML, a leading provider of photolithography systems.

**FLXG**, or FlexGen Power Systems, is a small-cap company that is connected to the A.N.T.S. company NVIDIA. FlexGen is a leader in the development and production of advanced energy storage systems, which are used to store electricity for use in a variety of applications, including renewable energy systems and grid stabilization. The company has a strong partnership with NVIDIA, which is a leader in the production of graphics processing units (GPUs) used in a variety of applications, including gaming, professional visualization, and deep learning. This partnership with NVIDIA allows FlexGen to access the company's expertise and resources in the field of GPU production, and helps FlexGen to stay competitive in the market for [**advanced energy storage systems.**](https://flight.beehiiv.net/v2/clicks/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJ1cmwiOiJodHRwczovL3d3dy5pbnZlc3RvcGVkaWEuY29tL3Rlcm1zL2EvYWR2YW5jZWQtZW5lcmd5LXN0b3JhZ2Utc3lzdGVtcy5hc3AiLCJwb3N0X2lkIjoiNjY5YzAwZTUtMDlhZS00N2RiLTllNWItYjQ2YjJiOGFmOTg0IiwicHVibGljYXRpb25faWQiOiJiMDliODFjMi1mNjk0LTQyYzktYjU5OS02MzRjMGFkZGYyMWIiLCJ2aXNpdF90b2tlbiI6IjkzOWM1ZTQyLThjMjQtNDUwOC1hN2FhLWI4ZTM3NzJhMTEyMiIsImlhdCI6MTY3Njk2NDYxMy4wNzQsImlzcyI6Im9yY2hpZCJ9.tMAzYUO3R8Phr1HTqtpmRqU8Yvu2uhim2JCmyYfj-CI) FlexGen is a leader in the development and production of advanced energy storage systems and has a strong partnership with NVIDIA, a leader in the production of GPUs.

The semiconductor industry plays a critical role in the production of many modern electronic devices and is a popular sector for investment. The A.N.T.S. companies - ASML, NVIDIA, TSMC, and Samsung - are leaders in this industry and are highly sought-after investments due to the growing demand for electronic devices. In addition to considering these larger companies, it may also be worth considering mid-cap and small-cap companies that are connected to one of the A.N.T.S. companies, such as **MRVL, CGNX, MLNX, XCRA, ACXC,** and **FLXG**. These smaller companies may benefit from their connection to the A.N.T.S. companies and the success of these larger companies can potentially have a positive impact on their stock prices.

![Taiwan Tea Fields ](https://storage.googleapis.com/papyrus_images/42597cb7a774b3eb886f53ed33668e23.png)

As we welcome the new year, it's hard to believe that Chinese New Year is approaching Taiwan. The year 2023 is upon us and with it comes the Year of the Tiger. It's been a challenging few years with the ongoing COVID-19 pandemic, but it's important to find ways to celebrate and find joy in the midst of it all. If there is one thing that I believe everyone should experience in their lifetime, it's Chinese New Year in Taiwan. The colorful decorations and delicious food make it an experience not to be missed.

![](https://storage.googleapis.com/papyrus_images/53ef2f5c50d6ee1aeba75631fb3b4277.jpg)

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*Originally published on [Marathon Macro](https://paragraph.com/@marathon-macro/investing-in-the-semiconductor-industry-exploring-ants-companies-and-beyond)*
