[Counterpoint: fab equipment manufacturers recorded 9% year-on-year revenue growth last year to a record $120 billion] Counterpoint research reported that despite difficulties such as macroeconomic slowdown, currency fluctuations, parts shortages and logistics disruptions, fab equipment manufacturers recorded year-on-year revenue growth of 9% in 2022, reaching a record $120 billion. This growth is due to continued strong customer investment in leading and mature node endpoints in all market segments, including the Internet of things, artificial intelligence, high-performance computing, automotive, and 5G. Revenue from systems and services from the top five suppliers grew to an all-time high of $95 billion.