#USA #AI Technology #Milpitas #SEMI #semiconductor equipment

Growth in the Semiconductor Sector

The global semiconductor equipment market has shown impressive growth in the third quarter of 2024, with billings reaching a remarkable $30.38 billion, marking a 19% increase compared to the previous year. This surge is indicative of the ongoing investments aimed at bolstering the infrastructure necessary to support advancements in Artificial Intelligence (AI) and the production of mature technologies. The details of this expansion were reported by the Semiconductor Equipment and Materials International (SEMI).

Yearly and Quarterly Performance

According to SEMI's Worldwide Semiconductor Equipment Market Statistics (WWSEMS) Report, the third quarter didn’t just demonstrate significant year-over-year growth but also a solid 13% increase in quarterly billings from the previous quarter. This consistent upward trend illustrates not only strong market performance but also indicates a robust response from various regions striving to enhance their semiconductor manufacturing capabilities.

Regional Insights

Unpacking this growth by region reveals interesting dynamics. North America outperformed other regions, exhibiting the largest year-on-year gain in equipment investments. This reflects a strategic push from companies in the area to expand their chip-making ecosystems. Simultaneously, China remains a dominant player in terms of spending, continuing to lead the world in investments for semiconductor manufacturing.

Ajit Manocha, SEMI’s President and CEO, commented on these trends, stating that the growth in equipment investments was well-distributed across different regions. This diversification suggests a concerted effort to better align production capabilities with the needs of emerging technologies, especially AI.

Comprehensive Market Analysis

The WWSEMS report aggregates billing data submitted by both SEMI and the Semiconductor Equipment Association of Japan (SEAJ). This collaboration provides a clearer picture of market trends and areas for growth. The report categorizes quarterly billings data into various regions, allowing industry stakeholders to tailor their strategic planning according to localized market conditions.

To further aid industry participants, SEMI offers the Equipment Market Data Subscription (EMDS), which includes multiple essential reports:

1. Monthly SEMI Billings Report - provides insights into equipment market trends.
2. Monthly Worldwide Semiconductor Equipment Market Statistics (WWSEMS) - offers detailed reports of semiconductor equipment billings across seven regions and 24 market segments.
3. SEMI Semiconductor Equipment Forecast - outlines future expectations for the semiconductor equipment market.

By leveraging these reports, companies can better position themselves to capitalize on emerging opportunities and industry shifts.

About SEMI

SEMI, as a leading global industry association, works to connect over 3,000 member companies and 1.5 million professionals across the semiconductor and electronics design and manufacturing supply chain. The organization accelerates collaboration through various programs focusing on advocacy, workforce development, sustainability, and supply chain management. These initiatives not only advance member business growth but also foster innovations in electronic devices, equipment, materials, and services.

For more information about SEMI’s activities and reports, visit their website at www.semi.org. Stakeholders interested in the subscription services can reach out to the SEMI Market Intelligence Team for additional support and insights into current and future market dynamics.