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ASML captures 40 percent of incremental memory equipment spend driven by EUV adoption
Tuesday, February 17, 2026 at 03:11 PM
ASML has increased its market share in memory equipment revenue significantly between 2019 and 2025, capturing approximately 40% of the $15 billion in incremental spending among the top five semiconductor equipment manufacturers. This growth, driven by higher EUV lithography capital expenditures, suggests the top five firms will see memory wafer fab equipment revenue exceed $30 billion in 2026 based on 4Q25 run rates.
Context
ASML has captured approximately 40% of the $15 billion in incremental memory equipment spending among the top-five manufacturers between 2019 and 2025. During this period, memory-related revenue for these firms grew from $15.5 billion to $30.7 billion, allowing ASML to secure a massive 16-percentage-point share gain. This growth is primarily attributed to the accelerating adoption of EUV lithography in DRAM manufacturing as nodes shrink.
The trend underscores ASML’s deepening penetration into a market historically dominated by other toolmakers. Driven by the urgent demand for high-bandwidth memory (HBM) in AI applications, the 4Q25 run-rate suggests total memory wafer fab equipment spending for the top-five players will exceed $30 billion in 2026. By positioning its advanced lithography as a requirement for next-generation memory scaling, ASML has effectively diversified its revenue profile beyond logic, solidifying its role as an indispensable pillar of the broader AI supply chain.
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