The wave of general artificial intelligence has spawned the calculation of high performancechipThe demand, as a chip manufacturing equipment, the EUV lithography machine has attracted much attention, and the importance of ASML is becoming more and more prominent. In this wave, the pattern of the semiconductor equipment market is also quietly changing.In the first half of 2023, the market size of global semiconductor equipment manufacturers was adjusted. According to statistics from Cinno Research, in the third quarter of 2023, ASML revenue continued to maintain the position of global equipment business names, surpassing the top application materials in the past for a long time.
　　The beginning of the change
For a long time, the semiconductor equipment market has shown a situation of the top five.
According to statistics from Cinno Research, in the three years from 2020 to 2022, the business revenue of semiconductor equipment in the global listed company, the application materials of American companies were at the top of the list, followed by the Dutch company ASML, the US company Panlin, and the Japanese company Tokyo.electronicWith the American company Ko Le, the market size of the semiconductor equipment market all year round.
As the key support link of the industrial chain, semiconductor equipment is used in the full chain from wafer manufacturing to packaging testing, so the main direction of different semiconductor equipment manufacturers also focuses on each.Panlin Group and Tokyo Electronics have a leading position in the field of thin film deposition and etching; Ke Lei is in front of semiconductorsTesting EquipmentThe field occupies half of the mountains; ASML focuses on the research and development and manufacturing of the photoc. -in -law, which is a supplier of high -value aperture EUV (extremely ultraviolet) lithography machine.More comprehensive, covering dozens of equipment for semiconductor manufacturing, so it can take the throne of large suppliers of semiconductor equipment for a long time.
However, behind the seemingly stable market territory, the competition between manufacturers is surging, and there is a invisible change.
In the first half of 2023, the market size of global semiconductor equipment manufacturers was adjusted.ASML jumped to the list with an revenue of over 14.8 billion US dollars. The application materials followed closely with the revenue of $ 12.4 billion. Tokyo Electronics also won the third place in Panlin, and Ke Lei was still ranked fifth.
In the third quarter of 2023, ASML's leading advantage was further prominent.According to statistics from Cinno Research, the semiconductor business of the top five equipment vendors accounted for 88%of TOP10 revenue for total revenue of over 22 billion US dollars.Among them, ASML revenue in the third quarter was about $ 7.1 billion, which was not only companies that achieved the year -on -year growth of the quarterly revenue among the five major manufacturers. The total revenue of the top five manufacturers accounted for 32%.
Changes in the demand in the global semiconductor market directly affect ASML's performance.In an interview with the China Electronics News, the industry said that with the development of AI, 5G, and the Internet of Things technology, the demand for high -performance chips continued to grow, which supported ASML's business growth.
Robert Castellano, an analyst of semiconductor industry, believes that ASML will surpass application materials in 2023 and become a supplier in the field of WFE (wafer front end) semiconductor equipment.
　AI Cheng overtaking new track
This year's big model boom brings a rapid growth of the demand for AI chips. More and more AI companies need to train large models of 100 billion or trillion parameters. The outbreak of superimposed edge reasoning needs has spawned a strong demand for advanced processes.The industry told the China Electronics News reporter.
According to statistics from the analysis agency OMDIA, Nvidia sold a total of 500,000 AI chips including A100 and H100 in the third quarter. Among them, the A100 and H100 used the 7nm and 4nm processes. In addition, as a foundry giant, TSMC publicly publicly publicly publicly publicly publicly disclosed TSMC.According to the disclosure data, in the first three quarters of this year, the revenue of the 5nm process accounted for 31%, 30%, and 37%of the total revenue, followed by 7nm process, accounting for 20%and 23%, respectively., 16%, 7nm and below advanced processes are always the main revenue of TSMC.
It is worth mentioning that the advanced process technology is inseparable from advanced optical carvings.At present, Euv (EUV) is a global optical technology, and it is a key device for 7nm craft chips.ASML, as a supplier of the EUV -based optical machine, naturally becomes a well -deserved tide in the AI wave. Considering the complexity and research and development costs of high -end optical technology, it is difficult for competitors to catch up with ASML's technical advantages in the short term.ASML's third quarter financial report in 20123 shows that the new order amount was 2.6 billion euros in the third quarter, of which 500 million euros came from the EUV lithography machine orders.
EUV complete optical light road (Source: ASML official website)
In addition to computing power chips, large -storage chips have also targeted advanced process technologies.Following Samsung's first use of the EUV photoresal to mass produce a 14nm DRAM chip, SK Hynix and Micron also announced that it will produce EUV -based DRAM, and EUV has gradually become the focus of the storage giant.
Ceidy Counselorintegrated circuitDeng Chuxiang, a researcher at the Industrial Research Center, told the "China Electronics News" reporter: AI chips mostly adopt advanced processes below 28nm. The development of AI technology has surged in the demand for advanced process equipment.At present, the overall revenue growth rate has an anti -overtime trend.
Affected by the weak end market, the revenue of Tokyo Electronics and Panlin in the first half of the year both declined, but compared with the American semiconductor manufacturer, Japan was less geographically affected by geopolitics, which may lead to Tokyo Electronics and Panlin GroupRevenue has a brief fluctuation.
　The market structure is unreasonable
Although ASML is singing all the way and temporarily leading the semiconductor equipment revenue list, this is not a final game.
On the one hand, the ASML light carving machine's dependence on the Chinese market has gradually deepened.In 2023 ASML's financial report data for three consecutive quarters shows that the contribution rate of mainland markets to ASML's revenue has gradually soared, from 8%in 2023 to 24%in the second quarter, and the third quarter has increased sharply to 46%in the third quarterThe total sales of ASML in the season are 6.7 billion euros, of which about 3.1 billion euros are from mainland China, and it will reach a new high.
In response, ASML financial officer Roger Dassen explained that most of the shipments in mainland China in this quarter were from orders from 2022 and before.However, the surge in performance brought by a large number of demand in the short term is not replicable.In addition, due to geopolitics, the operation of ASML cannot fully follow business logic, and the export of China will be limited by multiple restrictions on China.
On the other hand, although the ASML market is almost in a monopoly in the high -end optical carvings market, other head equipment manufacturers are also actively deploying AI.Panlin Group stated in the letter to shareholders that as the importance of AI in daily life is becoming more and more prominent, it is to better support AIserverThe equipment architecture of semiconductors is also increasingly complicated, which has correspondingly spawned greater demand for deposits and etching intensity, which is very beneficial to the Panlin Group.It will invest $ 10 billion to establish the next-generation High-NA EUV semiconductor research and development center in New York to promote semiconductor innovation in the next ten years.
It is worth noting that semiconductor companies in other emerging markets are also actively developing their own technology and production capabilities and are expected to become powerful competitors.Canon fully increases the nano -printed technology, and its semiconductor machine business minister said that the technology can produce 2 nano -chip without lights.
In the long run, the development direction of semiconductor technology may affect the market structure.The industry told reporters that if there is a new technique of disruptiveness, it may change the demand for traditional semiconductor equipment.