Fab equipment market to slowly recover before exploding in 2021

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Fab equipment spending will slowly recover in 2020 after this year’s downturn, but it will really take off in 2021 to log a new record high topping 60 billion dollars, according to a Semi market analysis. After lagging again in 2022, 2023 will be another growth year for semiconductor equipment suppliers.

Most of the surges in fab equipment investment over the five-year outlook will be driven by memory (primarily NAND), foundry/logic and power. Korea will head the list of top-spending regions followed by Taiwan and China, though Europe/Mideast and Southeast Asia are also expected to show healthy increases between 2019 and 2023.