Tony Kim: Chip companies have higher profit margins than software or pharmaceuticals
Tony Kim · BlackRock's Tony Kim on AI's Next Winners? Chips, Memory, Robotics & Quantum · Sourcery with Molly O'Shea · Jul 24, 2026 · at 40:01
Tony Kim (Head of Global Technology at BlackRock) discusses why treating semiconductor companies as low-margin commodity businesses is historically inaccurate.
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“They have the highest profitability of any company in the world of the sector is chip companies. They're higher margins than software, pharmaceuticals, industrials, telecom, anything.”
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