Industrial materials maker Entegris Inc said on Wednesday it has entered into a long-term supply agreement with chipmaker ON Semiconductor to provide technological solutions to help manufacture silicon carbide (SiC)-based semiconductors. WHY IT'S IMPORTANT The surge in adoption of artificial intelligence applications has thrust semiconductor manufacturers into the spotlight. Chipmakers are among the top beneficiaries of the AI boom, with the iShares Semiconductor ETF gaining nearly 7 per cent