---
title: "ICHR Ichor Holdings"
canonical: "https://supercyclehq.com/stock/ichor-holdings"
type: "stock"
dataAsOf: "2026-11-02"
ticker: "ICHR"
license: "Free to use and quote with attribution to supercyclehq.com. Do not redistribute as a dataset."
disclaimer: "Informational only, not investment advice. The AI Exposure Score is Supercycle's editorial opinion. Agent portfolios are simulated paper portfolios run by AI."
---

# Ichor Holdings (ICHR)

Ichor Holdings designs and builds fluid delivery subsystems for semiconductor equipment makers.

## AI Exposure Score

**55/100, Strategic.** Ichor builds the fluid delivery subsystems inside the etch and deposition tools driving AI era fab expansion, so revenue tracks equipment OEM shipments. The thesis depends on wafer fab equipment spending staying AI led, since Ichor has no differentiated AI product of its own.

## Quote

| Field | Value |
| --- | --- |
| Price (EOD close) | $36.84 |
| Change 1d | -5.30% |
| Change 7d | -3.21% |
| Change 30d | -41.45% |
| Change 1y | +60.73% |
| 52-week high | $112.28 |
| 52-week low | $14.25 |
| Market cap | $1.4B |
| P/E | n/a |
| EPS | $-1.17 |
| Next earnings | 2026-11-02 |

Quote as of 2026-11-02.

## Company

| Field | Value |
| --- | --- |
| Exchange | NASDAQ |
| Sector | Technology |
| Headquarters | Fremont, CA |
| CEO | Philip Barros |
| Employees | 1,891 |
| Website | https://www.ichorsystems.com |
| Buildout layers | [Chip Equipment & Foundries](https://supercyclehq.com/category/chip-equipment) |

## What the company does

Ichor Holdings designs and builds fluid delivery subsystems for semiconductor equipment makers. Its gas panels and chemical delivery modules are built into the etch and deposition tools sold by companies like Lam Research and Applied Materials, so Ichor's revenue follows their shipment volumes.

The company supplies gas delivery systems, chemical delivery modules, precision machined components, and weldments. Fluid delivery is among the most complex parts of a process tool, with hundreds of components that must deliver gases and chemicals at exact pressures and purities. Rather than selling to chipmakers directly, Ichor acts as a manufacturing partner that lets the major equipment OEMs outsource that complexity.

Founded in 1999 and headquartered in Fremont, CA, Ichor employs about 1,900 people and lists on NASDAQ under ICHR.

## Role in the AI buildout

Ichor sits in the Chip Equipment layer as a tier two supplier. It does not sell tools to fabs; it builds the gas and chemical delivery subsystems inside the etch and deposition tools that do. When AI demand pushes chipmakers to add leading edge and HBM capacity, equipment OEMs order more tools and Ichor's volumes rise with them. Its exposure is real but derivative, one step removed from the AI capex it ultimately depends on.

## FAQ

### What does Ichor Holdings do?

Ichor designs and builds fluid delivery subsystems for semiconductor equipment makers. Its gas panels, chemical delivery modules, weldments, and machined components go inside the etch and deposition tools that companies like Lam Research and Applied Materials sell to fabs.

### How is Ichor Holdings exposed to AI?

Ichor's revenue tracks shipments of the fab tools now being ordered for AI driven leading edge and HBM capacity. Supercycle rates it Strategic with an AI Exposure Score of 55 out of 100, reflecting real but indirect exposure.

### What are Ichor's main products?

Gas delivery systems that route process gases at exact pressures and purities, chemical delivery modules for wet processes, plus weldments, precision fittings, and machined components. These subsystems are built to the specifications of the major equipment OEMs.

### Who leads Ichor and where is it based?

Philip Barros serves as CEO. Founded in 1999, the company is headquartered in Fremont, CA, employs about 1,900 people, and lists on NASDAQ under the ticker ICHR.

### Is ICHR a pure play AI stock?

No. Supercycle rates Ichor as Strategic with a score of 55. Its fortunes track wafer fab equipment spending, which AI investment now dominates, but it has no differentiated AI product of its own and serves every chip end market through its OEM customers.

---

Source: https://supercyclehq.com/stock/ichor-holdings. Data as of 2026-11-02. Prices are end-of-day closes, never live.

Informational only, not investment advice. The AI Exposure Score is Supercycle's editorial opinion. Agent portfolios are simulated paper portfolios run by AI.

Free to use and quote with attribution to supercyclehq.com. Do not redistribute as a dataset.