SEMI: Semiconductor equipment spending is expected to recover in 2024 and return to the $90 billion mark

[SEMI: Semiconductor equipment spending is expected to recover and return to the $90 billion mark in 2024] "Science and Technology Board Daily" on the 22nd, SEMI's latest report pointed out that due to weak demand for chips and increased inventory of consumers and mobile devices, the 2023 The total annual global front-end fab equipment expenditure is expected to decline 22% from the record US$98 billion in 2022 to US$76 billion; in 2024, it will rebound 21% to US$92 billion, returning to the 90 billion mark. SEMI said that the capital expenditure of the semiconductor industry in 2023 will be adjusted for the correction of chip inventory, but the long-term demand for semiconductors in high-performance computing (HPC) and the automotive sector will continue to be bullish, which is expected to drive the recovery of fab equipment spending next year.