Strong DRAM (dynamic random access memory) HBM (High Bandwidth Memory) demand and pick-up in momentum in leading-edge advanced logic/foundry in the latter half of 2024 drove wafer fab equipment manufacturers’ net revenue increase of 9% year-on-year (YoY) in 2024, according to Counterpoint Technology Market Research’s latest Wafer Fab Equipment Tracker. Net revenue of the top five players increased by 8% YoY, with strong growth coming from both systems and service segments.

Tokyo Electron, Lam Research and KLA Tencor’s revenues grew in double digits in 2024 – 17% YoY, 13% YoY and 12% YoY respectively. Applied Materials and ASML’s revenues increased 4% YoY and 3% YoY respectively. Meanwhile, the top five WFE makers’ systems and service revenues increased 6% YoY and 12% YoY respectively.

Further, increased shipments to China in anticipation of export control regulations led to customers stockpiling tools necessary for their expansion. We expect WFE revenue to grow 10% YoY in 2025 and in a high double-digit in 2026.

By: DocMemory
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