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Softening chip demand and elevated inventory of consumer and mobile devices will contribute to the 2023 decline.
September 13, 2023
By: DAVID SAVASTANO
Editor, Ink World Magazine
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 in its latest quarterly World Fab Forecast report. Softening chip demand and elevated inventory of consumer and mobile devices will contribute to the 2023 decline. Next year’s fab equipment spending recovery will be partly driven by the end of the semic...
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