Intro

Onto Innovation is a critical "choke point" in the semiconductor supply chain, providing the essential metrology and inspection gear that makes advanced packaging and high-bandwidth memory (HBM) possible. In this deep dive, we break down why their flagship Dragonfly system is a winner in the AI era and how the company is successfully pivoting growth toward Taiwan and South Korea to offset shifts in China.<br>We also take a close look at Onto’s rivalry with industry giant KLA Corp and how their recent Semi Lab acquisition is already fueling a massive ramp-up in 2026 revenue. With free cash flow per share exploding over the last five years, we’re explaining why this mid-cap power player has earned its spot as a core long-term holding in our portfolio.<br>Join us on Discord with Semiconductor Insider, sign up on our website: www.chipstockinvestor.com/membership<br>Supercharge your analysis with AI! Get 15% of your membership with our special link here: https://fiscal.ai/csi/<br>

Sign Up For Our Newsletter: https://mailchi.mp/b1228c12f284/sign-up-landing-page-short-form<br>Chapters:00:00 The "Fab Five" vs. Onto Innovation 02:22 Metrology, Yield, and Defect Control 03:26 Front-End vs. Advanced Packaging03:32 What is the Dragonfly? Optical Metrology Explained 04:20 High Bandwidth Memory (HBM) & GPU Integration 04:49 Financial Turnaround: Revenue & 2026 Forecasts 05:19 The Semi Lab Acquisition Impact 05:54 Geographic Shift: China vs. Taiwan & South Korea 07:55 Free Cash Flow Growth & Portfolio Status 08:38 Risks: Mind the Industry Cycle<br>If you found this video useful, please make sure to like and subscribe!<br>*********************************************************<br>Affiliate links that are sprinkled in throughout this video. If something catches your eye and you decide to buy it, we might earn a little coffee money. Thanks for helping us (Kasey) fuel our caffeine addiction!<br>Content in this video is for general information or entertainment only and is not specific or individual investment advice. Forecasts and information presented may not develop as predicted and there is no guarantee any strategies presented will be successful. All investing involves risk, and you could lose some or all of your principal.<br>#Semiconductors #Investing #OntoInnovation #AdvancedPackaging #AI #StockMarket #ChipStockInvestor #Metrology #HBM<br>Nick and Kasey own shares of Onto Innovation