According to Seeking Alpha, Applied Materials is getting closer to losing its dominance in the Semiconductor Equipment market
- Applied Materials recently reported semiconductor equipment revenue growth dropped 16.0% compared to the previous quarter due largely to pushouts in equipment by memory customers.
- Applied Materials has been losing market share to competitor Tokyo Electron since 2017 and is close to losing its long-held title of semiconductor equipment leader.
- 60% of Applied Materials revenues was due to purchased by memory companies, but DRAM and NAND capex spend is projected to drop in 2018 and 2019.
Source: Seekeing Alpha LINK