Goldman Sachs' view: Semiconductor equipment demand from Chinese memory and advanced-logic customers, increasing penetration of domestic equipment, and AMEC's expansion from etch into deposition and adjacent equipment categories are expected to jointly support the company's growth. Condition: Chinese fabs' equipment demand or domestic-equipment penetration is materially weaker than expected, or new products fail to generate effective shipments.
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Goldman Sachs' view: Semiconductor equipment demand from Chinese memory and advanced-logic customers, increasing penetration of domestic equipment, and AMEC's expansion from etch into deposition and adjacent equipment categories are expected to jointly support the company's growth. Condition: Chinese fabs' equipment demand or domestic-equipment penetration is materially weaker than expected, or new products fail to generate effective shipments.