The Semiconductor Equipment & Materials industry is comprised of companies that design, manufacture, and distribute equipment and materials used in the production of semiconductor chips. These products include wafers, lithography systems, etching systems, deposition systems, and other related equipment and materials. The industry is highly competitive and is driven by the demand for semiconductor chips used in a variety of electronic products, such as computers, smartphones, and other consumer electronics. The industry is also heavily influenced by technological advancements, as new technologies are constantly being developed to improve the efficiency and performance of semiconductor chips.