Wednesday, September 13, 2023

Global Fab Equipment Spending to Rebound in 2024 After 2023 Slowdown, Predicts SEMI Report

Global fab equipment spending is anticipated to decline by 15% in 2023, dropping to $84 billion from the record high of $99.5 billion in 2022. However, a recovery of 15% to $97 billion is expected in 2024, driven by the end of a semiconductor inventory correction in 2023 and increased demand in high-performance computing (HPC) and memory segments. The foundry segment will lead the industry's expansion in 2023 with $49 billion in investments, while memory spending is set to make a strong comeback in 2024 with a 65% increase to $27 billion. 



Taiwan will remain the top region for fab equipment spending in 2024, with $23 billion, followed by Korea with $22 billion, and China in third place at $20 billion. The Americas and Europe/Mideast regions are also expected to see increased investments, while capacity growth in the global semiconductor industry is forecasted to continue, rising by 6% in 2024.

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