The EUV market is in short supply, ASML may replace Yingmai as the global leader in semiconductor equipment

According to foreign media reports, the American company Applied Materials, which has been the global leader in semiconductor equipment for many years, may cede its leading position in 2019 to the Dutch ASML, which produces an indispensable exposure machine in the semiconductor manufacturing process, because The benefit is that the market demand for ultraviolet lithography equipment (EUV) has increased significantly, which has further boosted ASML’s market share performance.

According to the report, the market research and investigation unit said that in the past three years, Applied Materials has been losing market share in the wafer manufacturing front-end (WFE) equipment market, while ASML will rely on its high-priced EUV lithography equipment. Raise the market share and further replace the application company to become the world’s largest semiconductor equipment company.

According to the survey data, the semiconductor equipment market share of Yingcai in 2018 was 19.2%. Although it grew slightly to 19.4% in 2019, it was still lower than 23% in 2015. In Contrast, ASML’s market share is expected to grow from 18% in 2018 to 21.6%. The survey research unit also said that by 2020, the entire WFE market is expected to grow slightly by 5%. Coupled with the capital expenditures originally planned by semiconductor manufacturers, ASML’s market share is expected to further increase to 22.8%, while Applied Materials will further increase its market share to 22.8%. Maintain its 19.3% market share.

According to the financial report, ASML’s revenue in the third quarter of 2019 was 3 billion euros and net income was 627 million euros. Among them, in addition to a total of 7 EUV systems shipped, of which 3 are NXE:3400C, 23 EUV system orders were received this quarter, setting a record for the highest order amount in ASML in a single quarter.

As for Yingcai’s latest quarterly financial report, revenue reached $3.75 billion, down from $4.01 billion in the same period in 2018 and better than market expectations of $3.68 billion. Net income was $698 million, or $744 million on a non-GAAP basis, down from $837 million in the same period in 2018.