Semiconductor Manufacturing Equipment Companies

The global semiconductor manufacturing equipment market is projected to grow from USD 166.35 billion in 2025 to USD 344.36 billion by 2032, at a CAGR of 11.0%. 

Miniaturization and advanced-node adoption are powerful, revenue-driving forces for the semiconductor manufacturing equipment market because shrinking transistor geometries directly translate into higher performance, lower power consumption, and greater functional density, benefits that end customers (smartphone original equipment manufacturers (OEMs), cloud data center operators, automotive OEMs) are willing to pay a premium to obtain. Converting roadmap ambitions at 3 nm, 2 nm, and below into production-ready chips requires fundamental step-changes in lithography (including EUV and High-NA EUV), deposition, etch, inspection, and metrology tools; as a result, foundries and IDMs (integrated device manufacturers) invest heavily in next-generation capital equipment to secure yield, throughput, and process control at these nodes.

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Major Semiconductor Manufacturing Equipment Include:

• Applied Materials, Inc. (US)
• ASML (Netherlands)
• LAM RESEARCH CORPORATION (US)
• Tokyo Electron Limited (Japan)
• KLA Corporation (US).

The semiconductor manufacturing equipment market features major players, such as Applied Materials, Inc. (US), ASML (Netherlands), LAM RESEARCH CORPORATION (US), Tokyo Electron Limited (Japan), and KLA Corporation (US). These players have employed a range of growth strategies, including organic and inorganic growth approaches, such as collaborations, acquisitions, product launches, and partnerships, to expand their international footprint and increase their market share in the semiconductor manufacturing equipment sector. These strategies have enabled them to expand across geographies by offering semiconductor manufacturing equipment.

For instance, in February 2025, Applied Materials introduced the SEMVision H20 defect-review system, which merges state-of-the-art cold field emission (CFE) electron-beam technology with advanced AI-based image recognition algorithms. The system delivers up to 50% improved nanoscale imaging resolution, 10 times faster imaging speed, and 3 times higher throughput compared to legacy e-beam tools. Designed for the angstrom-era of semiconductor manufacturing, SEMVision H20 targets buried defects in 3D device architectures (such as GAA transistors and 3D NAND/DRAM), enabling faster defect analysis, stronger yield control, and shorter cycle times for chipmakers at advanced nodes.

Applied Materials, Inc. globally provides manufacturing equipment, services, and software for the semiconductor, display, and solar photovoltaic industries. The company operates through four primary segments: Semiconductor Systems, Applied Global Services, Display, and Corporate and Other.

Within the Semiconductor Systems segment, Applied Materials designs and supplies advanced process equipment used in the fabrication of semiconductor chips. This includes tools for advanced patterning, deposition, etching, metrology, inspection, and review of critical steps in the formation of transistors and interconnects. The company’s technologies also support process innovations across various sectors, including automotive electronics, power & energy, sensors, IoT devices, and communication systems.

Applied Materials, Inc. serves leading global chip manufacturers, including Intel Corporation (US), Taiwan Semiconductor Manufacturing Company Limited (Taiwan), and Samsung Electronics Co., Ltd. (South Korea). The company maintains operations in over 150 cities across 24 countries, with major manufacturing facilities in the US, Singapore, Germany, Israel, Italy, South Korea, and Taiwan. Its extensive presence across Asia-Pacific, particularly in China, South Korea, Taiwan, and Japan, positions it strategically close to key semiconductor production hubs worldwide.

ASML is a global leader in the development, production, and supply of lithography systems for semiconductor manufacturers. Established initially as ASM Lithography Holding NV, the company adopted its current name in 2001. ASML operates through a single reportable segment, Advanced Semiconductor Equipment Systems, which encompasses lithography, metrology, and inspection technologies. This segment is organized across six key technology platforms: NXE, Argon Fluoride Immersion (ArFi), Krypton Fluoride (KrF), ArF Dry, Metrology & Inspection, and I-Line.

The company is a major provider of extreme ultraviolet (EUV) and deep ultraviolet (DUV) lithography equipment, as well as refurbished lithography systems, catering primarily to memory and logic semiconductor manufacturers. ASML markets and sells its products primarily through a direct sales force.

ASML maintains seven manufacturing facilities, with R&D and production centers strategically located in the Netherlands, the United States, China, Taiwan, and South Korea, and operates in over 60 locations globally. Its key subsidiaries include ASML Netherlands B.V., ASML Hong Kong Ltd., ASML US, Inc., ASML Germany GmbH, and ASML Ireland Ltd., reflecting its extensive international footprint and integrated global operations.

Markets Ranking

The semiconductor manufacturing equipment market is consolidated with Applied Materials, Inc. (US), ASML (Netherlands), LAM RESEARCH CORPORATION (US), Tokyo Electron Limited (Japan), and KLA Corporation (US)

collectively commanding 56–66% of the total market share. Applied Materials leads the semiconductor manufacturing equipment market due to its broad and highly diversified portfolio of front-end equipment, making it one of the few companies capable of supporting nearly every significant step in wafer fabrication. Its dominance is reinforced by continuous innovation in materials engineering, enabling advanced-node production for logic, memory, and power devices. ASML holds the global dominance in lithography systems, particularly EUV (extreme ultraviolet) lithography, which is essential for producing the most advanced semiconductor nodes used in AI (artificial intelligence), HPC (high-performance computing), 5G, and premium consumer electronics.

Related Reports:

Semiconductor Manufacturing Equipment Market by Lithography, Wafer Surface Conditioning, Wafer Cleaning, Deposition, Assembly & Packaging, Dicing, Metrology, Bonding, Wafer Testing/IC Testing, Memory, Logic, Discrete, Analog - Global Forecast to 2032

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