The semiconductor industry relies heavily on specialized manufacturing equipment. In 2023, the market was dominated by a handful of key players, with Applied Materials leading the pack with a ** percent market share. ASML followed closely behind at ** percent, while Lam Research, Tokyo Electron, and KLA rounded out the top five.
Semiconductor equipment from across the world
Investment in semiconductor manufacturing is expanding rapidly, with the procurement of the necessary equipment fiercely competitive. China has emerged as a major buyer, with equipment spending reaching billion U.S. dollars in 2024. South Korea and Taiwan are also making significant investments, spending billion and billion U.S. dollars, respectively.
Semiconductors in high demand
As semiconductor demand increases across all sectors, the battle between companies and between regions across the world to obtain the necessary equipment is intense. As such, semiconductor equipment suppliers must navigate technological and supply chain challenges to meet the needs of their customers and serve a growing semiconductor industry.
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