The International Semiconductor Industry Association (SEMI) released a report saying that in 2022, global front-end fab equipment spending is expected to increase by 20% over the same period last year, hitting a record $109 billion to a record high.
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Moreover, the report said this is the third consecutive year of growth in global fab equipment spending, following a 42% increase in 2021. Fab equipment investment is expected to remain strong in 2023.
Global front-end fab equipment spending will cross the $100 billion thresholds for the first time, said Ajit Manocha, president, and CEO of SEMI. Taiwan is expected to lead fab equipment spending in 2022, with investment increasing by 52% year-on-year to $34 billion.
Followed by South Korea, reaching 25.5 billion US dollars, an increase of 7%. Mainland China was US$17 billion, down 14% from last year’s peak. Spending in Europe/Middle East is expected to hit a record $9.3 billion this year.
In addition, SEMI said that fab equipment spending in the Americas will reach $9.3 billion in 2023, up 13% year on year after a 19% year-on-year increase in 2022.
