Yes. UCT is diversified across different markets; they do a fair bit with medical equipment, for example. They are a contract manufacturer, and have a facility in Shanghai. They can serve both sides of the Pacific without being bound to Chinese suppliers. Their biggest clients have customers in China and Taiwan, but of the top five, second-place TSMC is in Taiwan, but the rest are not. Top-ranked foundry leader Samsung is in S. Korea, as is #4 Hynix; third-ranked Micron is here in the US, and the fifth-largest, Kioxia, is a Japanese firm.
UCT’s Top client, Applied Materials, has STRONG relations with all of the top four, placing millions of dollars in fab tooling in those foundries annually.
Strong demand at the foundries is a tide that raises all ships.
When China invades their renegade province Taiwan, all those ‘rising tide’ foundries will only be serving Asian countries. That makes Micron the better investment.