News
Applied Materials benefits from DRAM capital expenditure by Samsung, SK Hynix, and Micron
Thursday, January 1, 2026 at 01:26 PM
Investment in DRAM manufacturing equipment from major memory producers is increasingly directed toward Applied Materials due to the critical role of their film deposition technology in advanced memory production.
Context
Samsung, SK Hynix, and Micron are aggressively scaling their 2025-2026 capital expenditure to meet surging AI demand for High Bandwidth Memory (HBM) and DDR5. Total DRAM spending is projected to reach $53.7 billion in 2025 and climb to $61.3 billion in 2026. This investment cycle prioritizes advanced process migrations and high-aspect-ratio through-silicon via (TSV) formations, where material engineering is the primary bottleneck for yield and performance.
Applied Materials (AMAT) is positioned as the primary equipment beneficiary, forecasting over 40% revenue growth from advanced DRAM customers in 2025. The company’s market leadership in chemical and physical vapor deposition (CVD/PVD) and specialized etch systems is critical for the complex stacking and interconnect steps required for HBM. With a dominant 50% market share in HBM packaging equipment, AMAT expects its memory-related revenue to double to $3 billion or more as these next-generation architectures reach high-volume production.
Sources (3)
Related Companies
Applied Materials
AMAT
SK Hynix
000660
Micron
MU
S
Samsung