The revenue of top equipment vendors, e.g. Lam Research, Applied Materials or Nikon; is decreasing in 2023 while smaller players are thriving worldwide with soaring revenue.
Chipmakers, mostly DRAM and NAND memory (such as Samsung, Micron, SK Hynix, Kioxia) are cutting CapEx and canceling or delaying orders.
After three consecutive years of growth, fab equipment vendor revenues stabilised at $80 billion per year.
