Berenberg says robust spending on chipmaking tools to continue, China's domestic gap persists

Berenberg forecasts wafer fabrication equipment spending to rise 17% and 16% in 2026 and 2027, respectively

Says potential acceleration of advanced chip making processes like A14 and complementary field-effect transistors by Taiwan Semiconductor Manufacturing Co 2330.TW, the world's main producer of advanced AI chips, will fuel this demand

Adds China spending on chipmaking tools will remain stable this year; domestic equipment still inadequate to support advanced memory chips such as DRAM, or the most powerful processing chips

ASM International ASMI.AS will be a key beneficiary of an earlier-than-expected A14 investment and continued technology migration to advanced chip designs - Brokerage

Says ASML Holding NV ASML.AS, Applied Materials AMAT.O, KLA Corp KLAC.O and Lam Research LRCX.O stand to benefit from major chipmakers' advanced node expansion and robust memory chips cycle

Adds Infineon Technologies AG IFXGn.DE to benefit from AI, STMicroelectronics STMPA.PA from industrial market rebound