Leading The Charge In Semiconductor Innovation

$ASML (-1.59%) and $LRCX are other key players in the market. However, $KLAC (+0.46%) brought in over $4 billion in revenue from its Wafer Inspection product in 2023, which is a market share percentage of 98%.

KLAC is a clear industry leader because it possesses a market share in the Semiconductor Process Control industry of four times its nearest competitor.

It's shown steady growth over the past 5 years and has reached all-time highs, indicating no signs of slowing down.

Bullish or bearish?