INDUSTRIAL EQUIPMENT
Semiconductor Equipment
World’s Most Productive Companies
Semiconductor Equipment
Semiconductor Equipment Companies build the tools that make chips. Productivity is powered by the capital cycle behind advanced nodes, AI, and capacity expansion. Exposure to leading-edge nodes, deep process know-how, and the AI-driven capital-spending wave separate the leaders in this highly cyclical, technology-intensive business.
The group had a strong 2025, finishing about 20% above its 2019 baseline. ASML, Screen Holdings and Applied Materials led as World’s Most Productive Companies. Every company in the group improved on the year.
Semiconductor Equipment World's Most Productive Companies
Productivity Snapshot
- Semiconductor Equipment ranks second of twenty-one Industrial Equipment peer groups in 2025, at an Industrial Productivity Index of 1.20, about 20% above its 2019 baseline.
- 9 of 9 companies grew productivity in 2025.
- They are the group’s World’s Most Productive Companies: ASML (1.27), Screen Holdings (1.26), Applied Materials (1.19).
- All nine companies improved in 2025, extending a strong multi-year run well above the 2019 baseline.
Interested in learning more about how you stack up, where to improve, and the impact on margin, cash, inventory, and assets?