Global fab equipment spending to hit almost US$100bil in 2022

PETALING JAYA: Global semiconductor equipment investments for front end fabs in 2022 are expected to reach nearly US$100bil to meet soaring demand for electronics after topping a projected US$90bil this year, both new records, SEMI said in its World Fab Forecast report.

SEMI said the new fab equipment spending records would mark a rare three consecutive years of growth that began in 2020, bucking the historical cyclical trend of a one- or two-year expansion followed by a year or two of tepid growth or declines.