SEMI: Global fab equipment spending to rise to US$92bil in 2024

KUALA LUMPUR: Global fab equipment spending for front-end facilities is expected to decrease 22% year-over-year (YoY) to US$76bil in 2023 from a record high of US$98bil in 2022, before rising 21% YoY to US$92bil in 2024 to reclaim lost ground, according to Semiconductor Equipment & Materials International (SEMI).

In a statement, SEMI said next year’s fab equipment spending recovery would be driven in part by the end of the semiconductor inventory correction in 2023 and strengthening demand for semiconductors in the high-performance computing (HPC) and automotive segments.