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Chip Gear Makers Still Suffering, But U.S. Firms Keeping Their Edge Top 10 List Dominated By U.S. Applied Materials is No. 1, with KLA-Tencor, Novellus and others ranking high up.(A)

Investor's Business Daily

| January 06, 2003 | COPYRIGHT 2003 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: JAMES DETAR

It's been a stormy couple of years for the semiconductor industry. That includes the companies that make chip equipment. There is, however, a silver lining.

A VLSI Research Inc. report released last month shows that U.S. gear makers continue to hold most of the top spots in the top 10 sales list.

Ranked by sales, Applied Materials Inc. of Santa Clara, Calif., is still top dog. It posted $2.31 billion in sales in the first half of 2002. Its closest rival is Japan's Tokyo Electron Ltd. TEL had $1.14 billion in sales in the same period.

The No. 3 spot went to Netherlands-based ASML Holding NV, which sold $738.6 million in gear. ASML held the No. 5 spot the same period in 2001.

Still, ASML said Wednesday it would cut 1,450 jobs from its payroll as new orders are ...

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