Press release
ASML Solidifies Position as the #1 Semiconductor Equipment Company in 2024
WFE Semiconductor Equipment Revenues
Dr. Robert Castellano, president of The Information Network, a leading market research firm specializing in the semiconductor industry, noted, "ASML has outpaced Applied Materials and other competitors due to its unparalleled capabilities in advanced lithography. Its revenue growth of 47.6% in 2023 propelled ASML to the top, and the company's strategic focus on EUV systems ensures its continued leadership in 2024."
Despite geopolitical tensions and U.S. sanctions on China's semiconductor industry, ASML's revenue remains robust. The company's China sales increased 21% quarter-over-quarter and 11.3% year-over-year in Q3 2024, reflecting the sustained demand for lithography equipment across global markets. The company's stronghold in advanced lithography, particularly its dominance in EUV (Extreme Ultraviolet) technology, continues to drive its success and secure its leadership in the Wafer Fab Equipment (WFE) market.
"ASML's ability to adapt to shifting market dynamics, while continuing to innovate at the forefront of semiconductor manufacturing technology, has solidified its position as an industry leader," added Dr. Castellano. "Applied Materials' growth in leading-edge foundry-logic is noteworthy, but ASML's dominance in the high-value lithography segment keeps it ahead of the competition."
The global WFE market remains fiercely competitive, with geopolitical and supply chain challenges influencing the strategies of major players. ASML's leadership underscores the critical role of EUV lithography in enabling next-generation semiconductor nodes, further cementing its position as an indispensable partner for foundries worldwide.
Additional details are available in the Substack article entitled "Applied Materials: Weak Earnings Means ASML Takes Over The #1 Equipment Spot Again In 2024."
About The Information Network
The Information Network is a leading market research and consulting firm specializing in the semiconductor, electronics, and display industries. Based in New Tripoli, PA, the firm provides actionable insights and forecasts to help businesses navigate complex market landscapes.
8740 Lyon Valley Rd.
New Tripoli, PA 18066 USA
The Information Network was established in 1985 and is a premier market research company focusing on semiconductors and other high-tech sectors.
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