Semiconductor Equipment Manufacturing
Companies in this industry make wafer processing equipment, semiconductor assembly and packaging equipment, and other machinery used to produce semiconductors. Major companies include Applied Materials, GT Advanced Technologies, Lam Research Corporation, and Veeco Instruments (all based in the US), as well as ASML Holding (the Netherlands) and Hitachi High-Technologies Corporation and Tokyo Electron Limited, both of Japan.
Worldwide sales of semiconductor manufacturing equipment were estimated to total nearly $65 billion in 2018, according to Semiconductor Equipment and Materials International (SEMI), an industry association. South Korea is the largest market for equipment spending, followed by China and Taiwan.
The US semiconductor equipment manufacturing industry includes about 170 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $6 billion.
Demand is driven by semiconductor production, consumer interest in electronic products, and corporate spending on information technology. The profitability of individual companies depends on managing costs while investing in new technologies. Large companies have advantages in offering broad product lines to leading semiconductor manufacturers. Small companies can compete effectively by serving niche manufacturers. The US industry is highly concentrated: The top 50 companies account for about 95% of industry revenue.
Products, Operations & Technology
Major products include etching and micro-lithography equipment, thin-layer deposition machinery, wafer processing equipment, semiconductor assembly and
Sales & Marketing
Finance & Regulation
Regional & International Issues
Also includes the following chapters:
Quarterly Industry Update
Trends and Opportunities
Call Preparation Questions
Glossary of Acronyms