"Chinese vendors, including NAURA, AMEC, ACM Research, Hwatsing, Piotech, and Kingsemi, collectively accounted for just 6.5% of the global WFE market of $41.4 billion in 2025. While small, it grew from 5.6% in 2024 and just 1.2% in 2021."
"The mean 2025/2024 revenue growth of these top non-Chinese companies was just 9.3% compared to 30.5% for Chinese companies."
"Piotech is a China-based semiconductor equipment company focused on thin film deposition, particularly PECVD and ALD systems used in advanced packaging, compound semiconductors, and memory."
"Hwatsing Technology manufactures chemical mechanical polishing (CMP) equipment and consumables used for wafer planarization. CMP is a critical step in the semiconductor manufacturing process."
Chinese semiconductor equipment vendors have increased their share of the global wafer fabrication equipment market to 6.5% in 2025, up from 5.6% in 2024 and 1.2% in 2021. Despite this growth, global leaders like Applied Materials, Lam Research, and ASML continue to dominate the market. The revenue growth for top non-Chinese companies was only 9.3%, while Chinese companies experienced a significant growth rate of 30.5%. Domestic suppliers are increasingly relevant in China, although they do not yet impact global rankings significantly.
Read at 24/7 Wall St.
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