Nikon Still Leads Lithography Market After ASML/SVGL Acquisition Says The Information Network.
NEW TRIPOLI, Pa.--(BUSINESS WIRE)--Oct. 5, 2000
Despite the acquisition of Silicon Valley Group Lithography (NasdaqNM:SVGI) by ASM Lithography (NasdaqNM:ASML), Nikon remains the leader in the lithography market for semiconductor manufacturing according to the report "Sub 0.25-Micron Lithography: Market Analysis and Strategic Issues," recently published by The Information Network, a New Tripoli, PA-based market research company.
In terms of number of tools sold in 1999, Nikon was the market leader with 270. Combining ASML's 195 units and SVGL's 50 units, Nikon remains the leader through the end of 1999.
"In terms of revenues, the exchange rate plays a key factor", notes Dr. Robert N. Castellano, president of The Information Network. "ASML's 1,197 million Euros equated to $1,277 at an exchange rate of 1.0668 US$/Euro at the end of 1999 but only $1,052 million at today's exchange rate of 0.8786 US$/Euro. Adding SVGL's CY revenues of $236 million brings 1999 numbers to either $1,513 million or $1,288 million for the combined companies. Nikon had 1999 revenues of $1,430 million."
In total DUV shipments for 1999, ASML had 137 and SVG had 50, putting the combined companies total ahead of Nikon with 150 DUV tools sold.
"We see no market share erosion for Nikon in 2000," added Dr. Castellano. "Nikon had been losing market share to ASML because of the slow semiconductor market in Japan in recent years. The Asian market is growing strongly, which should stem the downturn for Nikon.
The worldwide market will grow at a rate of 2.4 times between 1999 and 2002."
The acquisition of SVG by ASML leaves only Ultratech Stepper (NasdaqNM:UTEK) and Mulith Inc., as the only U.S. companies with lithography activities using visible light.
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