Global fab equipment spending to see modest recovery

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Global fab equipment investments will rebound from last year’s downturn with a modest 3 percent year-over-year growth, according to a Semi market analysis. Things will still be rough in the first half of the year, but recovery should take hold in the second half, followed by a sharp uptick in 2021.

Semi expects the impact of the coronavirus outbreak to be limited. It has already eroded spending in China but not enough to suppress growth: 5 percent YoY in 2020 and 22 percent YOY in 2021. The other top regions in spending, Taiwan and Korea, will also stick to solid investment level.