Core Insights - The Japanese semiconductor manufacturing equipment market is projected to grow by 14% to 5.59 trillion yen in 2025, marking the first time sales exceed 5 trillion yen and reflecting a robust growth trend in the global semiconductor equipment industry [1] - The growth is driven by two main factors: the explosion of AI chip demand and the recovery of the storage supercycle [2] Group 1: Semiconductor Equipment Market Growth - Japan's semiconductor equipment market is the second largest globally, with a market share of approximately 30% [1] - The sales forecast for 2025 significantly surpasses the 2024 figure of 4.44 trillion yen, indicating strong momentum in the sector [1] - Major semiconductor equipment manufacturers like ASML, Lam Research, KLA, and DISCO have reported strong financial results, highlighting the industry's growth potential [1] Group 2: AI and Storage Demand - The demand for semiconductor equipment is primarily driven by advancements in AI chips and a resurgence in storage technology [2] - The performance enhancement of chips relies on two main technological paths: advancing process technology (e.g., 3nm, 2nm) and adopting complex packaging techniques [3] - The competition among industry giants like TSMC, Intel, and Samsung for advanced nodes is translating into a rigid demand for high-end semiconductor equipment [3] Group 3: Financial Performance of Key Players - ASML reported a net sales increase of 4.92% year-on-year for Q4 2025, with logic orders reaching 5.8 billion euros, reflecting seasonal demand fluctuations [4] - Lam Research achieved record revenue of $20.6 billion in 2025, a 27% increase year-on-year, driven by strong market demand [6] - KLA's revenue for Q2 FY2026 reached $3.3 billion, exceeding market expectations, supported by robust demand for inspection equipment [13] Group 4: Equipment Demand Dynamics - The demand for advanced semiconductor equipment is expected to continue growing, driven by AI technology and the ongoing evolution of storage technologies [18][19] - The structure of orders is shifting, with storage orders now accounting for 56% of ASML's new orders, surpassing logic orders for the first time [19] - The transition to advanced DRAM architectures and NAND stacking technologies is expected to further increase the demand for high-end equipment [21][22] Group 5: Capital Expenditure Trends - Major semiconductor manufacturers are significantly increasing their capital expenditures, with TSMC planning to invest $52-56 billion in 2026, a 28-37% increase year-on-year [26] - Micron and SK Hynix are also ramping up their capital expenditures, focusing on HBM and advanced DRAM production lines [27] - The overall capital expenditure growth for storage manufacturers is projected to be around 40% in 2026, indicating a strong demand for semiconductor equipment [27] Group 6: Future Outlook - The semiconductor equipment market is expected to maintain high growth rates, with ASML projecting revenues between €34 billion and €39 billion for FY 2026 [29] - The introduction of High-NA EUV technology is anticipated to drive significant growth in the coming years, particularly as the industry moves towards 2nm and below processes [32] - The ongoing AI-driven demand and technological advancements are expected to support a long-term growth cycle in the semiconductor equipment industry [33]

公众号记得加星标⭐️，第一时间看推送不会错过。 近日，日本半导体制造装置协会 (SEAJ) 最新统计数据显示，2025年日本制芯片设备销售额 年增14%至5.59万亿日元，连续2年呈现增长且年销售额首度冲破5万亿日元大关，远超2024 年的4.44万亿日元。 作为仅次于美国的第二大半导体设备市场，日本全球市占率达30%左右，其市场的高速增长 不仅彰显了自身的强劲势头，更折射出全球半导体设备行业的蓬勃生机。 近期，ASML、泛林集团（Lam Research）、科磊（KLA）、DISCO等多家半导体设备厂商 陆续发布财报。作为半导体产业链上游环节，AI淘金热中最确定的"卖铲人"，从这些设备厂 商的财报数据和言论中，是否能洞察到行业的发展脉络、未来趋势以及当前值得关注的核心 话题。 AI与存储，双管齐下 无论是光刻、刻蚀、检测还是切割研磨，半导体设备的需求背后，始终是下游芯片产品的技术迭代与产能 扩张。当前，推动设备市场增长的两大核心动力清晰可见：AI芯片的爆发与存储超级周期的复苏。 ASML财报数据 从全年表现来看，逻辑芯片业务贡献了ASML系统收入的66%，这一占比充分反映出台积电、三星、 英特尔等大厂在先进 ...

在AI强劲需求的驱动下，"美版ASML"、全球半导体设备巨头Lam Research交出了一份极其亮眼的成绩单。公司CEO Tim Archer表示2025年是"创 纪录的一年"。 1月28日，Lam Research公布2026财年第二财季(截至2025年12月28日)业绩报告显示，12月季度营收达到53.4亿美元，不仅实现了连续十个季度的 增长，其毛利率和运营利润率更是双双突破指引上限。12月季度毛利率为49.7%，超过了指引区间的高端，营业利润率达到34.3%，同样超过指引 区间的高端。 2025年全年营收高达206亿美元，同比增长27%，每股收益（EPS）同比激增49%，显示出公司在行业上升周期的强大盈利爆发力。全年毛利率为 49.9%，这是自2012年Novelis合并以来，作为合并公司全年的最高成绩。营业利润率也创下34.1%的纪录，营业利润达到70亿美元，同比增长 41%。 | | | 新产品线持续获得市场认可，其中Aqara导体蚀刻系统在过去一年装机量翻了一番，在先进DRAM和代工逻辑的EUV和高纵横比蚀刻应用中赢得了 量产工具记录。 在股东回报方面，Lam Research延续了其一贯的慷慨 ...