ASML has become the world’s largest maker of fab tools, surpassing Applied Materials, with revenues of $29.83 billion compared to Applied’s $26.52 billion in calendar 2023. Analyst Dan Nystedt notes that ASML’s financial year follows the calendar year, while Applied Materials’s 2023 financial year ended in October 2023. This achievement by ASML is notable due to the increase in demand for wafer fab equipment. While the competition is not direct as each company specializes in different tools, the sales of ASML tools ultimately benefit Applied Materials as well, setting both companies up for thriving success in the future.
https://www.tomshardware.com/tech-industry/manufacturing/asml-dethrones-applied-materials-becomes-worlds-largest-fab-tool-maker-analyst