2024 Global Fab Equipment Spending Recovery Expected After 2023 Slowdown, SEMI Reports
September 13, 2023
September 13, 2023
MILPITAS, California, Sept. 13 (TNSres) -- SEMI, an association serving the manufacturing supply chain for the electronics industry, issued the following news release:
Global fab equipment spending for front-end facilities in 2023 is expected to decline 15% year-over-year (YoY) to US$84 billion from a record high of US$99.5 billion in 2022 before rebounding 15% YoY to US$97 billion in 2024, SEMI announced today in its latest quarterly World Fab Forecast report. Softening chip demand . . .
Global fab equipment spending for front-end facilities in 2023 is expected to decline 15% year-over-year (YoY) to US$84 billion from a record high of US$99.5 billion in 2022 before rebounding 15% YoY to US$97 billion in 2024, SEMI announced today in its latest quarterly World Fab Forecast report. Softening chip demand . . .