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Global fab equipment spending for front-end facilities is expected to decrease 22 percent year-over-year to 76 billion dollars in 2023, down from the record high of 98 billion dollars in 2022. Next year will see a recovery, with spending rising 21 percent YoY to 92 billion dollars in 2024 to reclaim lost ground, Semi announced in its latest quarterly World Fab Forecast report.
The 2023 decline stems from weakening chip demand and a higher inventory of consumer and mobile devices. Next year’s recovery will be driven in part by the end of the semiconductor inventory correction in 2023 and the strengthening demand for semiconductors in the high-performance computing (HPC) and automotive segments.
“This quarter’s World Fab Forecast update offers our first look ahead to 2024, highlighting the steady global expansion of fab capacity to support future semiconductor industry growth driven by the automotive and computing segments and a host of emerging applications,” comments Semi CEO Ajit Manocha.
