News
Top five semiconductor equipment manufacturers forecast 5% revenue decline in China for 2025
Saturday, February 7, 2026 at 02:07 PM
Projected 2025 revenue for the top five semiconductor equipment manufacturers in China is expected to decline by 5% to $34.6 billion. Applied Materials is seeing its market share in the region decrease significantly, dropping from 47% in 2017 to an estimated 24% by 2025.
Context
Top-5 semiconductor equipment makers are bracing for a revenue contraction in China, with combined sales projected to fall 5% to $34.6 billion in 2025. This marks a pivotal shift as China’s share of global equipment spending is expected to halve from 40% to 20%. Applied Materials is especially exposed to this trend; the company's China market share is forecast to hit 24% in 2025, a significant retreat from its 47% peak in 2017.
The downturn stems from tightening U.S. export restrictions and the aggressive growth of domestic rivals like Naura Technology Group, which recently climbed into the global top five. Western giants including ASML, KLA, and Lam Research also expect their China revenue exposure to collapse toward 20% next year. As Chinese foundries pause new orders to digest excess mature-node capacity, global suppliers must aggressively pivot toward other regions to offset the cooling of their largest former growth engine.
Sources (2)
Related Companies
Tokyo Electron
8035