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Global fab equipment spending poised to log 3 straight years of record highs, says SEMI

Sumary of Global fab equipment spending poised to log 3 straight years of record highs, says SEMI:

  • Fueled by surging pandemic-inspired demand for electronics devices, the global semiconductor industry is on track to register a rare three consecutive years of record highs in fab equipment spending with a 16% increase in 2020 followed by forecast gains of 15.5% this year and 12% in 2022, according to SEMI…
  • Explosive demand for electronics that are the backbone of communications, computing, healthcare and online services – sectors that mounted robust responses to the COVID-19 outbreak as the world rallied to curb the coronavirus spread – account for much of the spending…
  • Fab equipment spending has historically been cyclical, with one or two years of growth typically followed by a downtrend of roughly equal length….

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