News
Naura and AMEC gain ground in semiconductor equipment market as domestic production trends continue
Sunday, February 8, 2026 at 11:36 PM
Naura and AMEC are gaining market share in the semiconductor equipment sector. While Tokyo Electron dominates the coater-developer market, the etching market remains larger in terms of revenue. Historical trends in South Korea suggest that domestic production of deposition and etching equipment can be achieved by companies like Wonik IPS and Semes.
Context
Chinese equipment leaders Naura Technology and AMEC are fundamentally reshaping the global supply chain as domestic self-sufficiency in chipmaking tools surged to 35% by late 2025. This rapid displacement of foreign suppliers mirrors the historical rise of South Korea’s Wonik IPS. While Tokyo Electron (TEL) retains high dominance in tracks, the significantly larger total addressable market for etching and deposition—where local adoption now exceeds 40%—allows Chinese firms to outpace the broader industry in revenue growth.
Naura Technology reported 2024 revenue growth up to 44% and projects sales reaching $7.5 billion in 2025, with a backlog extending into 2027. Simultaneously, AMEC saw its etching equipment sales jump nearly 55% last year, recently validating 5nm tools for advanced production lines. For investors, this shift signals a permanent structural change; while lithography remains a bottleneck, the aggressive localization of mature-node equipment ensures sustained momentum through 2026.
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