Lam Research's revenue in 2024 was 14.91 billion U.S. dollars, lower than the 17.43 billion U.S. dollars recorded in the previous year. The company supplies wafer fabrication equipment and services to the semiconductor industry. It is headquartered in California, U.S. and operates worldwide.

Lam Research earned approximately 90 percent of its revenue from Asia every year from 2016 to 2024. Within Asia, China (42 percent) and Korea (19 percent) accounted for the majority of the company's revenues in 2024. The company's revenue in 2023 was 17.43 billion U.S. dollars.

The operating profit of Lam Research with headquarters in the United States amounted to 5.17 billion U.S. dollars in 2022. The reported fiscal year ends on June 29.Compared to the earliest depicted value from 2017 this is a total increase by approximately 1.96 billion U.S. dollars. The trend from 2017 to 2022 shows, however, that this increase did not happen continuously.

The gross profit of Lam Research with headquarters in the United States amounted to 7.78 billion U.S. dollars in 2022. The reported fiscal year ends on June 29.Compared to the earliest depicted value from 2017 this is a total increase by approximately 2.61 billion U.S. dollars. The trend from 2017 to 2022 shows, however, that this increase did not happen continuously.

According to Cognitive Market Research, the global silicon etching system market will grow at a compound annual growth rate (CAGR) of 5.00% from 2023 to 2030.

The demand for silicon etching systems is increasing research & development and the adoption of various key strategies.
Demand for load-lock etching systems remains higher in the silicon etching system market.
The silicon metal tungsten etch category held the highest silicon etching system market revenue share in 2023.
Asia Pacific will continue to lead, whereas the North American silicon etching system market will experience the strongest growth until 2030.

Product Innovation by Key Players to Deliver Viable Market Output

The silicon etching system market has witnessed significant growth in recent years, driven by innovative product launches from leading companies. Firms like Lam Research, Applied Materials, and Oxford Instruments have introduced cutting-edge etching systems. These systems incorporate advanced plasma etching technologies, delivering precise and efficient silicon processing. They cater to semiconductor manufacturing, MEMS fabrication, and photovoltaic industries. These product launches aim to meet the escalating demand for high-performance silicon etching solutions in the ever-evolving electronics sector, ensuring enhanced productivity and the creation of smaller, more powerful devices. As the industry advances, these systems play a crucial role in enabling technological progress.

For instance, in August 2020, Applied Materials, Inc. introduced Sym3 Etch System, Applied's latest advanced etch system. The product is established to allow chipmakers to pattern and shape ever-smaller components in leading logic chips and edge memory.

(Source:ir.appliedmaterials.com/news-releases/news-release-details/applied-materials-introduces-new-sym3r-etch-system-advanced)

Increase Research & Development to Propel Market Growth

Research and Development (R&D) plays a pivotal role in the silicon etching system market's growth. Cutting-edge R&D efforts fuel innovation and technological advancements in silicon etching technologies, resulting in the development of more efficient, precise, and environmentally friendly systems. Key drivers for R&D in this market include the pursuit of smaller and more powerful semiconductor devices, the demand for microfabrication in emerging technologies like 5G and AI, and the need to enhance productivity and yield. R&D investments also respond to environmental regulations and seek to maintain a competitive edge, ensuring that silicon etching systems continue to evolve and meet the evolving demands of the semiconductor industry.

For instance, in April 2023, LG Display began developing a new etching technology for OLED panels that will be supplied to Apple. The company is preparing the technology to launch an OLED panel that uses a glass substrate like a rigid OLED panel but uses thin-film encapsulation (TFE) like that of a flexible OLED panel.

(Source:www.thelec.net/news/articleView.html?idxno=4500)

Market Dynamics of Silicon Etching System

Fluctuating Raw Material Prices to Hinder Market Growth

The silicon etching system market has faced challenges due to fluctuating raw material prices. Key components, such as gases, chemicals, and specialized materials, are vital in the manufacturing of these systems. Variations in the cost of these raw materials impact production costs, potentially affecting product pricing and profit margins for companies. Market players have had to implement cost-effective strategies, including inventory management and supplier negotiations, to mitigate these fluctuations. Moreover, innovation in system designs that reduce dependency on costly materials has become essential, allowing the industry to adapt to raw material price volatility while maintaining competitiveness in the global market.

Impact of COVID–19 on the Silicon Etching System Market

The silicon etching system market, like many industries, experienced significant disruption owing to the COVID-19 epidemic. The outbreak led to supply chain disruptions, factory closures, and reduced consumer demand, impacting the production and adoption of silicon etching systems. Many companies faced delays in product launches and lower revenue as semiconductor manufacturing slowed down. However, as the world adapted to remote work and inc...