KLA (KLAC) Gains From Advanced Nodes, HBM and Packaging

Guinness Global Innovators Fund, an investment management company, reported a 13.8% return in GBP for Q2 2026, outpacing the MSCI World Index and IA Global sector average returns. The fund's performance was driven by its overweight position in Information Technology, particularly in semiconductor equipment manufacturers. KLA Corporation (NASDAQ:KLAC), a leader in process control and yield management, was identified as a top contributor to the fund's performance.

The company's products and services are essential to the semiconductor value chain, as demand for AI, high-performance computing, and data center infrastructure has surged. The AI infrastructure build-out, in particular, has fueled record levels of capital expenditure in wafer fabrication equipment, driving strong earnings reports for companies like KLA Corporation.

The fund's decision to maintain KLA Corporation as a top holding is based on the company's critical role in an increasingly complex semiconductor manufacturing process, supported by structural demand for inspection and metrology tools.