China’s Semiconductor Equipment Companies Gain Share Despite U.S. Sanctions
Chinese semiconductor equipment vendors gained market share in 2025, collectively accounting for 6.5% of the global wafer fabrication equipment (WFE) market, up from 5.6% in 2024 and 1.2% in 2021. The mean revenue growth of Chinese companies was 30.5% in 2025, outpacing non-Chinese companies, which grew at 9.3%.
Chinese semiconductor equipment vendors increased their global market share in 2025, despite U.S. sanctions. They collectively held 6.5% of the $41.4 billion global WFE market, growing from 5.6% in 2024. Global leaders like Applied Materials, Lam Research, and ASML still dominate, but Chinese companies like NAURA, AMEC, and ACM Research are gaining traction. NAURA and AMEC were among the top 10 equipment companies in 2025 by revenue. Chinese vendors are increasingly being adopted in domestic fabs, particularly in areas like thin film deposition, chemical mechanical polishing, and etch equipment. The revenue growth of Chinese companies outpaced non-Chinese ones, with a mean growth rate of 30.5% versus 9.3%.
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