ONTO - Applied Materials' Metrology/Inspection Share Plummets 30% In 2023 Hurt By China Sanctions
2024-05-22 01:54:38 ET
Summary
- Applied Materials' revenues in the $12 billion metrology inspection equipment market dropped 30% YoY in 2023.
- The Company's market share in two main segments of the Metrology/Inspection market dropped, while market leader KLA gained share.
- AMAT is not only losing market share to competitors like KLAC, it is also underperforming in stock share price.
Applied Materials ( AMAT ) detailed its "eBeam Technology and Product Launch" in a webcast on December 14, 2022. The company uses this theatrical approach to introduce new products, and I discussed the launch in my December 20, 2022, Seeking Alpha article entitled " Applied Materials Ballyhooed E-Beam Inspection Sector Lost Share To KLA's Optica l."...
Applied Materials' Metrology/Inspection Share Plummets 30% In 2023 Hurt By China Sanctions