2019 Top Semiconductor Equipment Suppliers; The year was won by ALD, Process Control, EUV, and SOC Test

    The Chip Insider®
    Equipment & Emerging Markets
    March 17, 2020
    2019 Top Semiconductor Equipment Suppliers
    • Key business drivers in 2019
    • Leading semiconductor equipment suppliers
      • Challenging year
    • 2019 Winners and notes
    WildPhotons: Even the friendliest competitor...
    Key Business Drivers in 2018
    • Logic/foundry saved the year for semiconductor equipment suppliers
      • Strong capacity and technology investments, increasing CAPEX
      • Continued lOnm, 7nm, and 5nm investments
        • Substantial investments in EUV
      • 5G, Al, Datacenter, and Automotive continued to be key drivers
    • Memory bubble burst in late 2018 and continued through 2019
      • Memory prices collapsed and withdrew available cashflow for equipment spending
      • Second half of 2019 started to show some signs of the recovery
    • Strategic investment in 5G and Datacenter as well as 7 & 5nm in logic and foundries helped rapid 2H recovery
      • Positive surprise for all players led to forecast revisions
    • Equipment service and support held pretty well due to installed base
    Exchange Rates
    Currency 2018 2019 Change
    Euro/$US 0.847 0.892 5.3%
    Japan Yen/$US 110.4 109.0 -1.3%
    2019 Top Equipment Suppliers
    Challenging year resulted in only a 4% decline for top companies
    2019 Winners and Notes
    • The year was won by ALD, Process Control, EUV, and SOC Test:
      • Nikon doubled sales with 112% growth
      • ASM International led ALD pack by growing 27%
      • KLA grew 10%
      • ASML reached flat year, while their EUV sales grew 29%
      • Teradyne grew 4%
      • Advantest declined 4%, while SOC test grew 23%
    • Regional basis Europe based companies gained small growth for the year:
      • EU: +2%
      • U.S.: -5%
      • JA: -5%
      • CH: -24%
  • Overall 2019 was mixed based on quarterly and segment results
      • WFE experienced substantial recovery in 2H19 from Logic and Foundry customers
      • Memory reached a bottom and showed some improvement
      • Test was driven by high design and engineering activity in 5G and datacenter
      • Assembly struggled to find growth in 2019
        • Substantial over capacity in multiple application slowed demand
        • Weak memory demand also contributed to the decline
    • The preliminary segment results show substantial differences
  • Semiconductor Equipment Sales
    (preliminary. SM)
      2018 2019 Y-o-Y
    Growth
    WFE 0.847 0.892 5.3%
    Test 6534 5514 -15.6%
    Assembly 4338 2988 -31.1%
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