Chips · the makers’ books
29% of a typical chip-tool maker’s sales go to China
Applied Materials, Lam Research, KLA and ASML each sold 28% to 32% of their tools to China. In the years their filings give, China’s share peaked at 36% to 43%.
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China’s share of each company’s sales, as it files them
latest year, and each fiscal year the filings give| Company | Years filed | Latest | ||||
|---|---|---|---|---|---|---|
| Marvell Chip designers · year to Aug 2026 · four quarters | 42%2023-01 | 43%2024-02 | 43%2025-02 | 36%2026-01 | 41%2026-08 · 4Q | |
| Lam Research Tool makers · year to Sep 2026 · four quarters | 26%2023-06 | 42%2024-06 | 34%2025-06 | 34%2026-06 | 32%2026-09 · 4Q | |
| KLA Tool makers · year to Jun 2026 · fiscal year | 27%2023-06 | 43%2024-06 | 33%2025-06 | 30%2026-06 | ||
| ASML Tool makers · year to Dec 2025 · fiscal year | 14%2022-12 | 26%2023-12 | 36%2024-12 | 29%2025-12 | ||
| Applied Materials Tool makers · year to Jul 2026 · four quarters | 28%2022-10 | 27%2023-10 | 37%2024-10 | 30%2025-10 | 28%2026-07 · 4Q | |
| Analog Devices Chip makers · year to Nov 2025 · fiscal year | 21%2022-10 | 18%2023-10 | 23%2024-11 | 26%2025-11 | ||
| Intel Chip makers · year to Dec 2025 · fiscal year · with Hong Kong | 27%2022-12 | 27%2023-12 | 29%2024-12 | 24%2025-12 | ||
| AMD Chip designers · year to Dec 2025 · fiscal year | 22%2022-12 | 15%2023-12 | 24%2024-12 | 22%2025-12 | ||
| Western Digital Memory and storage · year to Jul 2026 · fiscal year | 8%2023-06 | 8%2024-06 | 16%2025-06 | 20%2026-07 | ||
| Broadcom Chip designers · year to Nov 2025 · fiscal year · with Hong Kong | 35%2022-10 | 32%2023-10 | 20%2024-11 | 17%2025-11 | ||
| Teradyne Test and packaging · year to Dec 2025 · fiscal year | 16%2022-12 | 12%2023-12 | 13%2024-12 | 14%2025-12 | ||
| TSMC Chip makers · year to Dec 2025 · fiscal year | 11%2022-12 | 12%2023-12 | 11%2024-12 | 9%2025-12 | ||
| Micron Memory and storage · year to Sep 2026 · fiscal year | 14%2023-08 | 12%2024-08 | 7%2025-08 | 6%2026-09 | ||
| NVIDIA Chip designers · year to Jul 2026 · four quarters · with Hong Kong | 21%2023-01 | 20%2024-01 | 19%2025-01 | 9%2026-01 | 6%2026-07 · 4Q |
Each company’s own figures, in its own currency. Sales by country follow each company’s definition, usually where the customer is billed. Qualcomm, GlobalFoundries, Texas Instruments, onsemi and Amkor file no figure for China. “4Q” marks the four quarters to the newest 10-Q; it is shown only when that 10-Q gives China’s figure.
TSMC, Micron and Intel reinvest a fifth or more of revenue
capital spending over revenue · latest yearThey spend $66.5 billion a year on plants and tools, $90.9 billion on research. Capital spending is the cash paid for property, plant and equipment; NVIDIA and Qualcomm count intangible assets in the same line. The latest year is the four quarters to each company’s newest 10-Q: its last fiscal year, plus the quarters since, less the same quarters a year before. TSMC, GlobalFoundries, Micron, Western Digital, Lam Research, KLA and ASML show the fiscal year: TSMC, GlobalFoundries and ASML file no 10-Q, a fiscal year that has just ended has no quarter after it yet, and a 10-Q that leaves out a figure is not used.
Inventory runs above its usual level at 13 of 19 companies
inventory days, latest year, against the median of the five fiscal years before| Company | Latest | Usual | Against usual |
|---|---|---|---|
| GlobalFoundriesyear to Dec 2025 · fiscal year | 113 days | 83 days | +35% |
| Broadcomyear to Aug 2026 · four quarters | 59 days | 45 days | +33% |
| NVIDIAyear to Jul 2026 · four quarters | 150 days | 116 days | +29% |
| AMDyear to Jun 2026 · four quarters | 160 days | 130 days | +23% |
| Qualcommyear to Jun 2026 · four quarters | 152 days | 124 days | +22% |
| Amkoryear to Jun 2026 · four quarters | 33 days | 28 days | +17% |
| ASMLyear to Dec 2025 · fiscal year | 271 days | 241 days | +12% |
| onsemiyear to Jul 2026 · four quarters | 194 days | 176 days | +10% |
| Analog Devicesyear to Aug 2026 · four quarters | 149 days | 135 days | +10% |
| Intelyear to Jun 2026 · four quarters | 130 days | 125 days | +5% |
| Applied Materialsyear to Jul 2026 · four quarters | 154 days | 148 days | +4% |
| KLAyear to Jun 2026 · fiscal year | 253 days | 247 days | +3% |
| Micronyear to Sep 2026 · fiscal year | 147 days | 144 days | +2% |
| Marvellyear to Aug 2026 · four quarters | 110 days | 111 days | −1% |
| Texas Instrumentsyear to Jun 2026 · four quarters | 207 days | 225 days | −8% |
| Teradyneyear to Jun 2026 · four quarters | 81 days | 93 days | −13% |
| Lam Researchyear to Jun 2026 · fiscal year | 136 days | 166 days | −18% |
| Western Digitalyear to Jul 2026 · fiscal year | 84 days | 106 days | −22% |
| TSMCyear to Dec 2025 · fiscal year | 69 days | 88 days | −22% |
Inventory days are stock at the period’s end over its cost of revenue, times 365. A lit row holds more than usual.
Every company, the latest year it reported
revenue, capital spending, research and stock, from each one’s filingChip designers
| Company | Revenue | Plants and tools | Research | Inventory |
|---|---|---|---|---|
| NVIDIA year to Jul 2026 · four quarters · filing | $303.0 billion | $7.4 billion2% | $23.6 billion8% | $31.6 billion150 days |
| AMD year to Jun 2026 · four quarters · filing | $41.3 billion | $1.7 billion4% | $9.4 billion23% | $8.5 billion160 days |
| Broadcom year to Aug 2026 · four quarters · filing | $89.1 billion | $1.3 billion1% | $11.8 billion13% | $4.5 billion59 days |
| Qualcomm year to Jun 2026 · four quarters · filing | $44.1 billion | $2.0 billion5% | $9.9 billion22% | $8.4 billion152 days |
| Marvell year to Aug 2026 · four quarters · filing | $9.5 billion | $470 million5% | $2.4 billion26% | $1.4 billion110 days |
Chip makers
| Company | Revenue | Plants and tools | Research | Inventory |
|---|---|---|---|---|
| Intel year to Jun 2026 · four quarters · filing | $57.0 billion | $12.1 billion21% | $13.2 billion23% | $12.5 billion130 days |
| TSMC year to Dec 2025 · fiscal year · filing | NT$3,809.1 billion | NT$1,272.4 billion33% | NT$246.4 billion6% | NT$288.1 billion69 days |
| GlobalFoundries year to Dec 2025 · fiscal year · filing | $6.8 billion | $722 million11% | $518 million8% | $1.6 billion113 days |
| Texas Instruments year to Jun 2026 · four quarters · filing | $19.5 billion | $3.3 billion17% | $2.1 billion11% | $4.6 billion207 days |
| Analog Devices year to Aug 2026 · four quarters · filing | $13.9 billion | $608 million4% | $2.0 billion14% | $1.9 billion149 days |
| onsemi year to Jul 2026 · four quarters · filing | $6.2 billion | $172 million3% | $561 million9% | $2.0 billion194 days |
Memory and storage
| Company | Revenue | Plants and tools | Research | Inventory |
|---|---|---|---|---|
| Micron year to Sep 2026 · fiscal year · filing | $133.2 billion | $30.7 billion23% | $5.7 billion4% | $10.4 billion147 days |
| Western Digital year to Jul 2026 · fiscal year · filing | $12.9 billion | $418 million3% | $1.2 billion9% | $1.5 billion84 days |
Tool makers
| Company | Revenue | Plants and tools | Research | Inventory |
|---|---|---|---|---|
| Applied Materials year to Jul 2026 · four quarters · filing | $30.8 billion | $2.8 billion9% | $4.0 billion13% | $6.6 billion154 days |
| Lam Research year to Jun 2026 · fiscal year · filing | $23.2 billion | $966 million4% | $2.4 billion10% | $4.3 billion136 days |
| KLA year to Jun 2026 · fiscal year · filing | $13.6 billion | $376 million3% | $1.5 billion11% | $3.6 billion253 days |
| ASML year to Dec 2025 · fiscal year · filing | €32.7 billion | €1.6 billion5% | €4.7 billion14% | €11.4 billion271 days |
Test and packaging
| Company | Revenue | Plants and tools | Research | Inventory |
|---|---|---|---|---|
| Teradyne year to Jun 2026 · four quarters · filing | $4.5 billion | $265 million6% | $560 million13% | $403 million81 days |
| Amkor year to Jun 2026 · four quarters · filing | $7.5 billion | $1.4 billion18% | $161 million2% | $561 million33 days |
Every fiscal year each company filed, and its latest four quarters, are in the CSV, with the filing each is from.
Sources
books.csv Every dataset → Status → Glossary →- Each company’s 10-K or 20-F filings, and the 10-Q filed after the newest of them, from the SEC’s EDGAR XBRL data, retrieved 22 Oct 2026. Public domain. Sales by country, and every 10-Q figure, are read from each filing’s own XBRL.