According to Counterpoint Research, robust HBM DRAM memory demand and a surge in advanced logic/foundry momentum in the latter half of 2024 propelled a 9% year-over-year growth in net revenue for WFE (Wafer Fab Equipment) manufacturers in 2024. The net revenue of the top five players rose by 8% compared to the previous year, driven by robust growth in both the systems and services segments.