A comprehensive review of the recurring-revenue businesses of 20 Japanese companies that supply consumables for AI semiconductors, including abrasives and pads for polishing wafers and ultrapure chemicals. It organizes the current state and key points of consumables, which are considered less susceptible to economic trends than equipment stocks.
This article examines how the “invisible consumables” used in AI semiconductor production, including abrasives and pads for polishing wafers and cleaning chemicals, grow in line with factory operating rates as demand for AI semiconductors expands. It details the businesses of 20 Japanese companies from five perspectives: abrasives and pads, chemicals and gases, plating chemicals, inspection consumables, and maintenance for equipment components.
As specific examples, FUJIMI INCORPORATED is described as having a high market share in abrasives for wafers, along with the growth of its CMP products and its future capital investment plans. Fujibo Holdings is said to have approximately 80% of the global market for soft pads used in CMP, and its sales growth, capital investment plans and initiatives following its corporate name change are discussed.