VAT, Inficon, and Comet: Key Swiss Suppliers in Semiconductor Equipment Market
VAT, Inficon, and Comet are prominent Swiss companies in the semiconductor equipment sector, with VAT leading in vacuum valves. In 2024, VAT's semiconductor sales reached 80% of CHF 940m revenue, boasting high margins. Inficon, with 50% of sales in semiconductors, reported $673m in flat sales for 2025, while Comet, heavily reliant on chipmakers, anticipates significant market growth by 2028. Their valuations reflect industry cycles, with high P/E ratios indicating strong future expectations.
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VAT dominates the vacuum valve market, generating 80% of its CHF 940m revenue from semiconductor sales in 2024, with a 64% gross margin. Inficon, supplying tools for vacuum environments, recorded $673m in sales for 2025, with 50% exposure to semiconductors.
Comet, also focused on chipmaker investments, reported CHF 445m in revenue for 2024, with its largest customer accounting for 23.8% of sales. Its addressable market is expected to grow from CHF 1.7bn to CHF 3.5bn by 2028. All three companies show strong growth potential but face risks from customer concentration.
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