KLA
Makes machines that check chips for tiny mistakes while they are being made.
📖 Its story
In 1975, Ken Levy and Bob Anderson started KLA Instruments in California. They realized that making chips is so delicate that one speck of dust can ruin them. So they invented machines that work like 'super-powered magnifying glasses' to check them. In 1997 they joined with another company called Tencor.
💵 How it makes money
It sells and maintains inspection and measuring machines for chip factories.
🤯 Fun fact
Its name comes from its founders' initials: K for Ken, L for Levy and A for Anderson.
👍 The good part
The most advanced chip factories in the world need its machines to avoid mistakes.
⚠️ The risk
It depends on chip factories continuing to invest; if they stop building, KLA sells less.
🧠 Did you get it?
Where does the name KLA come from?
🗂️ Quick facts
- Founded in: 1975
- Founded by: Ken Levy and Bob Anderson
- Home: Milpitas, California
🔎 How to find it on the stock market
- Search the internet for KLAC stock.
- You can also find it in your parents' investing app with the letters KLAC.
- Check how much one share costs and whether today it's green (went up) or red (went down).
🎮 Buy it in the game
Soon you'll be able to invest your Monis in KLA. Ask your mom or dad to join the list.
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