Global chip industry projected to invest more than US$500bil in new factories by 2024

PETALING JAYA: The worldwide semiconductor industry is projected to invest more than US$500bil in 84 volume chipmaking facilities starting construction from 2021 to 2023, SEMI announced in its latest quarterly World Fab Forecast report.

The projected growth in global factory count includes a record high 33 new semiconductor manufacturing facilities starting construction this year and 28 more in 2023.

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semiconductor , SEMI , chipmaking , construction

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