Semiconductor equipment refers to the machinery and tools used in the manufacturing of semiconductor devices, which are essential components in electronic products like smartphones and computers. This equipment includes various types of machines for processes such as photolithography, etching, and deposition, all of which help create the intricate circuits found in chips. The semiconductor industry relies on advanced technology to produce high-quality chips efficiently. Companies that manufacture semiconductor equipment play a crucial role in the supply chain, providing the necessary tools for chip manufacturers to develop faster and more powerful electronic devices.