In a statement the bean counters claim that chips have been through a long evolution process that will only continue into the future.

The report said that FinFET technology design chips are the breakthrough that could be monumental for the leaders in the field and those producing them.

Some believe the FinFET transistor structure promises to rejuvenate the chip industry by rescuing it from the short-channel effects that limit device scalability faced by current planar transistor structure, the report said.

The JPMorgan analysts said that with the ability to achieve higher performance designs at lower power, there will be a long string of FinFET-related equipment investments in the coming years.

FinFETs are estimated to be up to 37 per cent faster while using less than half the dynamic power or cut static leakage current by as much as 90 per cent.

It also thinks that any shareholder wanting to make a bob or two should invest in the three companies that are making them.

Despite reporting solid first-quarter earnings that were above consensus, and giving guidance that was in line with expectations, the stock has continued to underperform.

The difference between whether a firm is making FinFETs or not could be the best way of telling if a firm is going to do well.

JPMorgan analysts see continued FinFET capacity expansion and transition to 3D NAND, with DRAM spending remaining strong next year.