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Semiconductor Dielectric Etching Equipment Market to Grow by USD 2.02 Billion from 2024-2028, Driven by Consumer Electronics Demand and AI-Powered Market Evolution- Technavio

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NEW YORK, Oct. 24, 2024 /PRNewswire/ — Report on how AI is driving market transformation – The Global Semiconductor Dielectric Etching Equipment Market  size is estimated to grow by USD 2.02 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  10.67%  during the forecast period. Rising demand for consumer electronics is driving market growth, with a trend towards integration of AI and ML into semiconductor dielectric etching equipment. However, high cost and maintenance requirements of semiconductor dielectric etching equipment  poses a challenge.Key market players include Advanced Micro Fabrication Equipment Inc, AlixLabs AB, Applied Materials Inc., EV Group, Giga Lane Co. Ltd., Hitachi Ltd., KLA Corp., Lam Research Corp., Mattson Technology Inc., Oxford Instruments plc, Panasonic Holdings Corp., Plasma Etch Inc, PLASMA THERM, Samco Inc, Shibaura Mechatronics Corp, SHINKO SEIKI CO LTD., Suzhou Delphi Laser Co. Ltd., Tokyo Electron Ltd., Trion Technology Inc., and ULVAC Inc..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Type (Dry etching systems and Wet etching systems), Application (Front-end process and Back-end process), and Geography (APAC, North America, Europe, South America, and Middle East and Africa)

Region Covered

APAC, North America, Europe, South America, and Middle East and Africa

Key companies profiled

Advanced Micro Fabrication Equipment Inc, AlixLabs AB, Applied Materials Inc., EV Group, Giga Lane Co. Ltd., Hitachi Ltd., KLA Corp., Lam Research Corp., Mattson Technology Inc., Oxford Instruments plc, Panasonic Holdings Corp., Plasma Etch Inc, PLASMA THERM, Samco Inc, Shibaura Mechatronics Corp, SHINKO SEIKI CO LTD., Suzhou Delphi Laser Co. Ltd., Tokyo Electron Ltd., Trion Technology Inc., and ULVAC Inc.

Key Market Trends Fueling Growth

The integration of Artificial Intelligence (AI) and Machine Learning (ML) technologies into semiconductor dielectric etching equipment is revolutionizing the global semiconductor dielectric etching equipment market. AI and ML are being employed to enhance operational efficiency, process control, and overall performance. In process optimization and control, AI algorithms and ML models analyze real-time data to identify patterns, predict outcomes, and optimize etching parameters, enabling dynamic process adjustments. AI-driven systems also offer predictive maintenance and fault detection capabilities, minimizing unplanned downtime, prolonging equipment lifespan, and optimizing resource utilization. Advanced process control is achieved through AI-enabled systems that adaptively adjust process parameters based on feedback from sensors, metrology data, and historical process knowledge. AI and ML support advanced analytics and data-driven decision-making, uncovering insights, optimizing process recipes, and guiding process development for continuous improvement in manufacturing performance and product quality. These factors are expected to increase the adoption of semiconductor dielectric etching equipment, positively impacting market growth. 

The Semiconductor Dielectric Etching Equipment market is witnessing significant growth due to the increasing demand for electronic devices, IoT devices, electric vehicles, and high-tech sectors. This trend is driven by the miniaturization of semiconductor nodes and the need for smaller transistor sizes in integrated circuits. Low-density etch equipment, such as wet etching and dry etching equipment, are in high demand for conductor etching, polysilicon etching, and dielectric etching. Dielectric substances like silicon oxide and silicon nitride are commonly used in these processes. Key applications include MEMS sensors, power devices, and electronic devices. Automation and environmental regulations are major factors driving the market. High-aspect ratio etching is essential for deep trenches and large cavities in precision operations. Wet etching equipment is commonly used for carbon monoxide-based etching, while dry etching equipment is preferred for high-aspect ratio etching. The market is expected to continue growing due to the demand for energy-efficient devices, flat panel displays, NAND flash memory, and the increasing popularity of smart devices. 

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Market Challenges

The global semiconductor dielectric etching equipment market is experiencing challenges due to the high costs and maintenance requirements of advanced etching systems. These expenses impact semiconductor manufacturers in several ways. The substantial investment needed to purchase state-of-the-art equipment can be a barrier to entry for smaller players and emerging markets. The average cost of such equipment ranges from USD50,000 to USD2 million, depending on the specifications. Operating costs, including energy consumption, consumables, and maintenance expenses, can add significant overheads. The average annual maintenance cost for semiconductor dielectric etching equipment ranges from USD15,000 to USD30,000. High maintenance requirements can lead to operational downtimes and production interruptions, affecting manufacturing efficiency and throughput. These factors may negatively impact the growth of the global semiconductor dielectric etching equipment market during the forecast period.The Semiconductor Dielectric Etching Equipment market is experiencing significant growth due to the increasing demand for smart devices and advanced technologies like 5G, IoT, and autonomous vehicles. Dielectric substances such as silicon oxide and silicon nitride play a crucial role in semiconductor fabrication, particularly in the etching process. However, challenges persist in creating precision operations for high aspect ratio structures like deep trenches and large cavities. Industrial automation and advanced technologies like machine learning and artificial intelligence are being adopted to improve etching process efficiency. The market includes dry etching equipment, which uses plasma to etch materials, and carbon monoxide as a etching gas. Foundries and Integrated Device Manufacturers (IDMs) are investing in high-density etch equipment to meet the demands of miniaturization in DRAM chips, 3D NAND, MIM capacitors, and 3D stacking technology. Manufacturing complexity and semiconductor shortages are pressing issues, with fabrication plants and wafer production facilities requiring clean room amenities and increased foundry capacity. Conductor etching equipment and selective etch products are also in high demand for advanced logic and memory semiconductor solutions. The market is expected to continue growing, driven by the increasing use of semiconductors in flat panel displays, NAND flash memory, and the automotive industry.

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Segment Overview 

This semiconductor dielectric etching equipment market report extensively covers market segmentation by

Type 1.1 Dry etching systems1.2 Wet etching systemsApplication 2.1 Front-end process2.2 Back-end processGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Dry etching systems-  The semiconductor dielectric etching equipment market is experiencing steady growth due to increasing demand for advanced semiconductor devices. Companies in this sector invest in innovative technologies to improve productivity and reduce production costs. Dielectric etching equipment is essential for creating intricate patterns on semiconductor wafers, enhancing device performance and miniaturization. Market leaders focus on research and development to offer high-performance, cost-effective solutions to meet customer requirements.

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Research Analysis

The semiconductor dielectric etching equipment market is driven by the growing demand for smart devices and advanced electronic components in various high-tech sectors, including telecommunications, automotive, and consumer electronics. Dielectric substances such as silicon oxide and silicon nitride play a crucial role in semiconductor fabrication, particularly during the etching process, which involves using dry etching equipment and photoresist masks to create intricate patterns on wafers. The etching process is essential for creating high aspect ratio features, which are necessary for manufacturing smaller transistors at advanced semiconductor nodes. The increasing complexity of manufacturing processes, driven by the development of AI, 5G, IoT, and electric vehicles, is leading to a higher demand for advanced etching equipment. Environmental regulations and the need for automation are also significant factors influencing the market. Wet etching equipment is another important technology used in semiconductor manufacturing, but dry etching is gaining popularity due to its ability to create more precise and uniform patterns. The semiconductor industry’s ongoing quest for miniaturization and increased functionality is expected to drive the growth of the dielectric etching equipment market in the coming years.

Market Research Overview

The semiconductor dielectric etching equipment market is witnessing significant growth due to the increasing demand for smart devices and advanced technologies such as 5G, IoT, and autonomous vehicles. Dielectric substances like silicon oxide and silicon nitride play a crucial role in semiconductor fabrication, requiring precise etching processes using dry etching equipment. These processes involve the use of gases like carbon monoxide to create high aspect ratio structures, deep trenches, and large cavities. Industrial automation, machine learning, and artificial intelligence are also driving the market, enabling precision operations and increasing foundry capacity. The market caters to various industries, including flat panel display, NAND flash memory, and foundries, among others. The market is also impacted by manufacturing complexity, semiconductor shortages, and environmental regulations. Conductor etching equipment, selective etch products, and polysilicon etching are some of the key segments of the market, catering to the needs of advanced logic, memory semiconductor solutions, MEMS, sensors, power devices, and electronic devices. The market is expected to continue growing due to the increasing demand for energy-efficient devices, miniaturization, and the development of new technologies like 3D NAND, MIM capacitors, and 3D stacking technology.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeDry Etching SystemsWet Etching SystemsApplicationFront-end ProcessBack-end ProcessGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Galaxy Digital Inc. Announces Pricing of $3.507 Billion of Senior Secured Notes

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NEW YORK, July 23, 2026 /PRNewswire/ — Galaxy Digital Inc. (NASDAQ: GLXY) (“Galaxy” or the “Company”), a global leader in digital assets and data center infrastructure, today announced that its indirect wholly owned subsidiary, Galaxy Helios Data Centers II LLC (the “Issuer”), has priced a $3.507 billion private offering (the “Offering”) of 9.875% senior secured notes due 2031 (the “Notes”). The Offering is expected to close on July 28, 2026, subject to market and other conditions.

The Issuer intends to use the net proceeds from the Offering to finance a portion of the development and construction of two buildings containing eight data halls with a combined total of 400 megawatts (“MW”) of utility capacity and 260 MW of critical IT capacity (the “Project”) to be built on an approximately 260-acre property in Dickens County, Texas and to fund debt service reserves.

The Notes will bear interest at a rate of 9.875% per annum payable semi-annually in cash in arrears on February 1 and August 1 of each year, beginning on February 1, 2027 and will mature on August 1, 2031. The Notes will amortize at a rate of 4.00% per annum of the original principal amount subject to adjustment, with amortization payments payable semi-annually with the first payment date to occur at least ten months after the completion of the Project.

The Notes will be fully and unconditionally guaranteed by Galaxy Helios II LLC, a wholly owned direct subsidiary of the Issuer (the “Guarantor”), and will constitute the senior secured obligations of the Issuer and the Guarantor. The Notes and related note guarantee will be secured by first-priority liens on (i) substantially all assets of the Issuer and the Guarantor, other than certain excluded property and (ii) all equity interests of the Issuer held by the direct parent company of the Issuer.

The Offering is subject to market and other conditions, and there can be no assurance as to whether, when or on what terms the Offering may be completed.

The Notes have not been registered under the Securities Act or the securities laws of any other jurisdiction, and the Notes may not be offered or sold in the United States absent registration or an applicable exemption from registration under the Securities Act and any applicable state securities laws. The Notes will be offered only to persons reasonably believed to be qualified institutional buyers under Rule 144A under the Securities Act and outside the United States to non-U.S. persons in reliance on Regulation S under the Securities Act.

This press release shall not constitute an offer to sell, or a solicitation of an offer to buy the Notes, nor shall there be any sale of the Notes in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Galaxy

Galaxy Digital Inc. (Nasdaq: GLXY) is a global leader in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. Our digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. In addition, we develop and operate cutting-edge data center infrastructure to power AI and HPC workloads. Our 1.63 GW Helios campus in Texas positions Galaxy among the largest and fastest-growing data center developers in North America. The Company is headquartered in New York City, with offices across North America, Europe, the Middle East, and Asia.

Forward Looking Statements

This press release includes forward-looking statements, including statements relating to the completion, size and timing of the Offering, the terms of the Notes and the intended use of proceeds. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. Forward-looking statements represent the Company’s current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. Among those risks and uncertainties are market conditions, including market interest rates, the satisfaction of the closing conditions related to the Offering and risks relating to the Company’s business, including those described in periodic reports that the Company files from time to time with the SEC. The Issuer may not consummate the proposed Offering described in this press release and, if the proposed Offering is consummated, cannot provide any assurances regarding the final terms of the Offering or the Notes or its ability to effectively apply the net proceeds as described above. The forward-looking statements included in this press release speak only as of the date of this press release, and the Company does not undertake to update the statements included in this press release for subsequent developments, whether as a result of new information, future events, or otherwise, except as may be required by law.

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SOURCE Galaxy Digital Inc.

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The Finish Line that Changed China: Retracing the Long March to Yan’an

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BEIJING, July 23, 2026 /PRNewswire/ — A news report from China.org.cn on the Long March, and what it means for China today:

 

Every journey has a destination.

But some destinations become the beginning of something even greater.

This is Yan’an.

Over 90 years ago, an army of soldiers embarked from Yudu, Jiangxi Province, on a journey that would go down in history.

They crossed snow-capped mountains, vast grasslands and raging rivers, eventually arriving in northern Shaanxi.

Across this grueling 12,500-kilometer journey, they wrote a magnificent epic in human history with willpower and courage.

Here, their Long March came to a victorious end. But a new chapter of history was only beginning.

In Yan’an, the Red Army found time to recover and rebuild, and the Central Committee of the Communist Party of China regrouped, gathering strength for the next chapter.

Here, new ideas were debated, new strategies were shaped, and a vision for China’s future gradually took form.

Today, while preserving its revolutionary legacy, Yan’an has grown into a vibrant, modern city — with a greener environment, thriving industries and happier lives for its people.

Nearly 90 years ago, American journalist Edgar Snow came to northern Shaanxi, seeking to uncover a story that few outside China knew. He later chronicled it in his book “Red Star Over China,” which carried the story of the Long March to the world.

Today, people from around the world are once again retracing those steps.

As part of China International Communications Group (CICG)’s “Together on the Long March” international communication project, participants have spent more than a month retracing the route across six key regions.

From Jiangxi to Shaanxi, they followed the Red Army’s journey and witnessed the remarkable changes that have taken place along the way.

I asked them one simple question: What does this journey mean to you?

Zhavier Harris, marketing and communications manager at the Springfield Urban League, said conversations with local residents and descendants of the Red Army made history feel far more immediate than he had expected.

He said history isn’t as distant as we often think. “We’re only one or two generations from these great sacrifices that led to the development and the greatness that we see from the Communist Party of China and China as a whole.”

David Ferguson, honorary chief English editor at Foreign Languages Press under CICG and a recipient of the 2021 Chinese Government Friendship Award, said the journey deepened his understanding of the Long March.

He said the journey helped him understand not only the historical facts, but also what the Red Army endured. “If you see the Long March merely as a military campaign, it ended in Yan’an. But as a spirit, it has never truly come to an end.”

We came to retrace history. We leave with something more: a deeper understanding of China’s past, a clearer view of its present, and perhaps a greater appreciation for the stories that connect us across cultures.

Edgar Snow called the Long March “an Odyssey unequalled in modern times.” He believed that what sustained it was a flame — consisting of an undimmed ardor, an undying hope and an amazing revolutionary optimism.

Ninety years later, that flame still burns.

Passed down through generations, the spirit of the Long March continues to light China’s path forward.

And as it crosses borders and cultures, it offers the world a glimpse of a nation defined by resilience, perseverance and an enduring drive to move forward.

China Mosaic
http://www.china.org.cn/video/node_7230027.htm 

The Finish Line that Changed China: Retracing the Long March to Yan’an
http://www.china.org.cn/video/2026-07/23/content_118614941.shtml

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SOURCE China.org.cn

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Visa and Lianlian Advance Trusted B2B Agentic Commerce Through LoopXPay’s First Live B2B Agentic Transaction

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First live B2B agentic transaction in Greater China highlights how AI-enabled commerce can help SMBs streamline purchasing and payments, supported by Visa’s Agentic Directory for trusted AI agent interactions

SINGAPORE, July 24, 2026 /PRNewswire/ — Visa (NYSE: V), a global leader in digital payments, and Lianlian DigiTech Co., Ltd. (“Lianlian”), an AI-native global financial infrastructure provider, today announced the first live B2B agentic transaction completed using LoopXPay, Lianlian’s AI agent. 

Small and medium sized businesses (SMBs) often lack dedicated procurement teams and spend valuable time sourcing, purchasing and making payments themselves. In the transaction, the LoopXPay agent was used to source a product sample from a supplier and complete the purchase in a single workflow. The agent identified the purchasing requirement, recommended suitable suppliers, compared options, placed the order and securely executed the payment within a single workflow, while operating within pre-defined spending controls and approval parameters.

The milestone highlights how AI-powered commerce experiences can help SMBs simplify purchasing and payment activities while maintaining appropriate controls and oversight. By enabling AI agents to operate within pre-defined spending parameters and approval controls, businesses can reduce manual effort while retaining visibility into commercial decision-making.

As AI agents become more involved in purchasing and payment activities, businesses will require confidence that transactions are being executed by verified participants, within approved parameters and with appropriate oversight. Capabilities aligned with Visa’s Trusted Agent Protocol can help provide the identity, transparency and controls needed to support these interactions.

As part of the collaboration, LoopXPay has been registered in Visa’s Agentic Directory, enabling participating businesses and merchants to identify verified AI agents within the ecosystem. Supporting the implementation of Visa’s Trusted Agent Protocol, the Agentic Directory helps provide greater transparency into agent-driven interactions and confidence that participating agents have met Visa’s requirements.

“AI-powered commerce experiences can help businesses simplify purchasing and payments while maintaining the controls and oversight they require,” said Darren Parslow, Global Head, Visa Commercial Solutions, Visa. “For SMBs, that means less complexity in managing day-to-day commercial activities and more time focused on growth. As businesses increasingly look to embed intelligence into purchasing and payment experiences, trust will become a critical enabler of adoption. Through our collaboration with Lianlian, we are helping advance the trusted foundations that businesses will need to participate in this next era of commerce with confidence.”

Building on this milestone, Visa and Lianlian are exploring how AI agents can support a broader range of commercial activities, including procurement, digital advertising optimisation and B2B platform payments, helping advance trusted commerce through greater efficiency, transparency and control.

Zhang Zhengyu, Founder, Chairman of the Board and CEO, Lianlian DigiTech, said, “AI is reshaping the entire commercial value chain, where a growing number of business activities will be autonomously executed by AI agents, with payments serving as the critical infrastructure connecting them to global commerce. Leveraging its experience in global cross-border payments, compliance, as well as payment network, LianLian is actively building AI-native financial infrastructure, delivering an integrated suite of capabilities for the Agent Economy, spanning identity verification, transaction authorisation, intelligent payment, and global fund settlement. Through this collaboration with Visa, we aim to combine Lianlian’s AI-native capabilities with Visa’s trusted global network and commercial payment expertise to help businesses transact more securely, intelligently and efficiently in an increasingly agent-driven commerce environment.”

About Visa

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, sellers, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.

About Lianlian

Lianlian DigiTech Co., Ltd. (“Lianlian DigiTech” or “Lianlian”) was founded in 2009 and listed on the Main Board of the Hong Kong Stock Exchange in 2024 (stock code: 2598.HK). As China’s leading global provider of digital and intelligent payment services, Lianlian adheres to its mission of “Connecting the world, empowering global commerce” and pursues an “AI-Native + Globalization” strategy. The Company is committed to building a trusted global intelligent financial infrastructure, enabling seamless connectivity between Chinese enterprises and global businesses.  As of now, Lianlian has established a global licensing portfolio comprising 68 payment licenses and related qualifications, and holds a VATP license issued by the Hong Kong SFC. It supports services in more than 200 countries and regions and enables transaction settlement in over 140 currencies, connecting over 180 global e-commerce platforms and serving a cumulative total of over 13.3 million customers. Learn more at www.lianlian.com.

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SOURCE Visa Worldwide Pte. Limited

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