📊Executive Summary

The global semiconductor shortage has led to a significant increase in demand for older chip-making equipment, particularly 200mm tools used by automakers. Companies like Applied Materials and Lam Research report a surge in orders for refurbishing these older production tools. Semiconductor Manufacturing International Corporation (SMIC) has extended its supply deal with ASML Holdings to acquire more equipment, focusing on deep ultraviolet (DUV) gear rather than cutting-edge extreme ultraviolet (EUV) machines. The shortage has caused delays in production for major automakers like Ford and General Motors, with implications for their output and supply chains. The trend towards older equipment is expected to continue as the shortage persists into the third quarter of 2026....