Stephanie Niven, a fund manager, has identified a lesser-known semiconductor equipment company, KLA Corp (NASDAQ:KLAC), as a key player in the AI boom. What Happened: Niven, the global sustainable equity portfolio manager at Ninety One, pointed out that KLA, a supplier to chip giant Taiwan Semiconductor (NYSE:TSM), is reaping the benefits of the AI boom, reported CNBC on Sunday. KLA is known for its semiconductor manufacturing equipment that enhances the efficiency of chip production. TSMC, which exclusively manufactures high-end AI chips for NVIDIA Corp (NASDAQ:NVDA), is KLA’s largest custome…
