Wow - best article on BS-PDN & Hybrid Bonding I have read thus far. Truly a f(x) change in the future of semi design - incredibly impt for both investors & engineers(although I think the engineers have known about this for a while, investors maybe not so much hah). Thanks for researching and writing.

Would love to hear your thoughts on the KLA investor day - some interesting things said. Particularly around cost per transistor declining from 10 nm to 2nm & number of wafer starts per month on 7nm is 2.2x vs 10nm (I wonder what wafer starts per month on 3nm is relative to 5nm and how trend continues). Interesting implications for the materials ecosystem && the longer shelf life of nodes resultant from EVs & hyperscalers is interesting in context of the tool makers.

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