Press release
ASML Solidifies Position as the #1 Semiconductor Equipment Company in 2024 Over Applied Materials
WFE Semiconductor Equipment Top 10 Companies
Dr. Robert Castellano, president of The Information Network, a leading market research firm specializing in the semiconductor industry, noted,"ASML (ASML) has outpaced Applied Materials (AMAT) 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."
As I noted in numerous articles, U.S. sanctions against China have failed. China's Naura moved into the #7 position in 2024 with revenues growing 76% compared to the global semiconductor WFE growth of just 2.0%.
About The Information Network
The Information Network
8740 Lyon Valley Rd
New Tripoli, PA 18066
Dr. Robert Castellano
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.
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