Quick Summary
• As it is in the habit of doing at least once per generation, the semiconductor capital equipment (semicap) market is currently in the process of reinventing itself. This is too...
Additional Context
As it is in the habit of doing at least once per generation, the semiconductor capital equipment (semicap) market is currently in the process of reinventing itself. This is too complex a process to delve into here with any real detail, but the relevant point is that the additive manufacturing (AM) industry has more than one way to benefit from that transition.
Perhaps the primary factor involved is the uncertainty surrounding relative demand strength for the most expensive equipment (e.g., High NA EUV from ASML) versus the older generations of systems (DUV, a market that ASML also dominates, but doesn’t exclusively control). It’s highly likely that a much larger proportion of DUV machines will be in the mix for far longer than was anticipated at the beginning of the decade, which is a bli