The Global Integrated Circuit Target Market was valued at US$ million in 2023 and is projected to reach US$ million by 2030, growing at a Compound Annual Growth Rate (CAGR) of % during the forecast period (2024–2030). This growth is being driven by the relentless demand for more powerful and efficient semiconductors, the expansion of 5G and AI technologies, and the accelerating transition to larger wafer sizes for advanced chip manufacturing.

As the semiconductor industry pushes the boundaries of Moore’s Law, the spotlight is on the key material suppliers who provide the critical sputtering targets required for depositing ultra-thin, high-purity metal films. In this blog, we profile the Top 10 Companies in the Integrated Circuit Target Industry—a mix of global chemical giants, specialized material suppliers, and regional leaders shaping the future of microelectronics fabrication.

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🔟 1. JX Nippon Mining & Metals Corporation

Headquarters: Tokyo, Japan
Key Offering: High-Purity Copper, Tantalum, Titanium, and Aluminum Targets

JX Nippon Mining & Metals is a global leader in high-purity metals and sputtering targets for the semiconductor industry. The company’s products are essential for creating interconnects, barrier layers, and contact layers in advanced logic and memory chips, serving all major foundries worldwide.

Innovation and Capacity Initiatives:

• Pioneering ultra-high-purity (6N+) copper targets for sub-5nm nodes

• Expanding production capacity for 12-inch wafer targets

• Strategic R&D partnerships with leading semiconductor equipment manufacturers

Download FREE Sample Report: Integrated Circuit Target Market – View in Detailed Research Report

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9️⃣ 2. Materion Electronic Materials

Headquarters: Mayfield Heights, Ohio, USA
Key Offering: Beryllium-based alloys, Copper, Titanium, and Tantalum Targets

Materion is a key US-based supplier of advanced materials for the electronics industry, specializing in high-performance targets for critical semiconductor applications. The company is known for its expertise in specialty alloys and its ability to meet the stringent purity requirements of leading-edge chip manufacturing.

Innovation and Capacity Initiatives:

• Development of novel alloy targets for improved step coverage and film properties

• Investment in vacuum melting and precision fabrication technologies

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8️⃣ 3. Honeywell Electronic Materials

Headquarters: Morris Plains, New Jersey, USA
Key Offering: Copper, Aluminum, Titanium, and Tungsten-Titanium (WTi) Targets

Honeywell Electronic Materials is a long-standing, trusted supplier to the global semiconductor industry. The company provides a comprehensive portfolio of sputtering target materials and is recognized for its consistent quality and robust global supply chain, which is critical for high-volume manufacturing.

Innovation and Capacity Initiatives:

• Focus on supply chain resilience and material traceability

• Advanced recycling programs for target reclamation and material reuse

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7️⃣ 4. Plansee Group

Headquarters: Reutte, Austria
Key Offering: Molybdenum, Tungsten, Tantalum, and Chromium Targets

The Plansee Group, with its brand Plansee High Performance Materials, is a world leader in refractory metals and composites. Their high-density, fine-grained targets are crucial for applications requiring exceptional thermal stability and erosion resistance, such as gate electrodes and barrier layers.

Innovation and Capacity Initiatives:

• Expertise in powder metallurgy for producing large-size, high-density targets

• Development of specialized target bonding technologies for improved thermal management

Download FREE Sample Report: Integrated Circuit Target Market – View in Detailed Research Report

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6️⃣ 5. Tosoh SMD

Headquarters: Tokyo, Japan
Key Offering: Cobalt, Copper Manganese, Ruthenium, and Titanium Targets

Tosoh SMD is a premier manufacturer of high-purity sputtering targets, with a strong focus on materials for advanced memory and logic devices. The company is at the forefront of developing targets for new applications, such as cobalt for intermediate interconnect layers and ruthenium for direct plateable barriers.

Innovation and Capacity Initiatives:

• Leading supplier of cobalt targets for sub-10nm technology nodes

• Significant investment in R&D for next-generation interconnect materials

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5️⃣ 6. Heraeus

Headquarters: Hanau, Germany
Key Offering: Precious Metal Targets (Gold, Silver), Specialty Alloys, and Bonding Wires

Heraeus brings its extensive metallurgical expertise to the semiconductor sector, particularly in precious metal targets used for contact layers and specialized packaging applications. The company’s global presence ensures a reliable supply of high-value materials to fabs around the world.

Innovation and Capacity Initiatives:

• Development of high-reliability gold and silver targets for RF and power devices

• Integration of target offerings with its broader electronic materials portfolio

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4️⃣ 7. Konfoong Materials International Co., Ltd (KFMI)

Headquarters: Ningbo, Zhejiang, China
Key Offering: Full range of targets including Cu, Ta, Ti, Al, Co, and WTi

KFMI is a leading Chinese supplier that has rapidly expanded its global footprint. The company offers a complete suite of sputtering target materials and has become a critical partner for both domestic and international semiconductor manufacturers seeking a diversified supply base.

Innovation and Capacity Initiatives:

• Aggressive capacity expansion to support China’s growing semiconductor industry

• Investment in advanced metallurgical processes to achieve international quality standards

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3️⃣ 8. HC Starck GmbH (a subsidiary of Masan High-Tech Materials)

Headquarters: Goslar, Germany
Key Offering: Tantalum and Niobium-based Targets

HC Starck is a world-renowned expert in tantalum and niobium technology. Its high-purity tantalum targets are indispensable for creating effective barrier layers in copper interconnects, making it a key enabler for advanced semiconductor manufacturing.

Innovation and Capacity Initiatives:

• Vertically integrated supply chain from ore to high-purity metal powder and targets

• Focus on sustainable and conflict-free sourcing of raw materials

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2️⃣ 9. Umicore

Headquarters: Brussels, Belgium
Key Offering: Cobalt, Copper, Precious Metal Targets, and ALD/CVD Precursors

Umicore is a global materials technology and recycling group with a strong position in specialty metals for electronics. Its sputtering targets business benefits from its deep expertise in metallurgy and its commitment to a circular economy through advanced recycling loops.

Innovation and Capacity Initiatives:

• Co-development of new materials with chipmakers for specific performance requirements

• Industry-leading closed-loop recycling services for spent targets and process scrap

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1️⃣ 10. Grikin Advanced Materials Co., Ltd

Headquarters: Beijing, China
Key Offering: Aluminum, Titanium, Copper, and Tantalum Targets

Grikin is a major Chinese state-owned enterprise and a pivotal domestic supplier of sputtering targets. The company plays a strategic role in supporting China’s semiconductor self-sufficiency goals and serves a wide range of domestic fab operations.

Innovation and Capacity Initiatives:

• Significant government-backed investment in R&D and manufacturing scale-up

• Focus on localizing the supply chain for critical semiconductor raw materials

Get Full Report Here: Integrated Circuit Target Market – View in Detailed Research Report

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🔬 Outlook: The Future of Integrated Circuit Targets is More Complex and Pure

The integrated circuit target market is undergoing a fundamental transformation. While copper, aluminum, and tantalum remain the workhorse materials, the industry is innovating with new alloys, composite materials, and ultra-high-purity levels to meet the demands of sub-3nm process technologies and beyond.

📈 Key Trends Shaping the Market:

• Transition to larger 12-inch wafer targets to improve fab economics and film uniformity

• Adoption of new materials like cobalt and ruthenium for advanced interconnects

• Increasing emphasis on supply chain security and geographic diversification

• Growing importance of recycling and circular economy models for high-value metals

Get Full Report Here: Integrated Circuit Target Market – View in Detailed Research Report

The companies listed above are not only supplying critical materials for today’s chips—they’re pioneering the advanced material solutions that will power the next generation of computing, communication, and AI technologies.