Fun with Data – Semiconductor Equipment Spending
3Q saw a continuation of the strong semiconductor equipment spending seen for this year and much of 2020, setting a new record of $26.8b in the quarter, up 7.7% q/q and 38.3% y/y. This puts cumulative semiconductor equipment spending up 45.5% y/y through 3Q, already surpassing the 20209 full year total. Semiconductor equipment spending in 3Q was driven by Taiwan (up 45.4% q/q and up 54.3% y/y) and North America (up 36.3% q/q and up 67.2% y/y), with both China and South Korea down on a q/q basis. The ROW category was actually the biggest gainer (up 60.7% q/q and up 125% y/y) with equipment spending in Asia driving the category.
Industry estimates made as late as September of this year indicate that 4Q spending is expected to be down q/q but some of the regional forecasts were already exceeded by the end of 3Q. Semiconductor equipment spending this year will come in between $93m and $96m based on industry estimates. Earlier estimates for full year spending were to reach $71.9b, which was exceeded in 3Q. Expectations for 2022 are for semiconductor equipment spending of $100m, with much of the growth coming from South Korea, Taiwan and Europe. There were 76 ongoing fab construction projects underway this year (~$18b) with 60 continuing into 2022, while 16 new projects that will lead to volume production fabs are expected to be added in 2022 ($27b total).
Industry estimates made as late as September of this year indicate that 4Q spending is expected to be down q/q but some of the regional forecasts were already exceeded by the end of 3Q. Semiconductor equipment spending this year will come in between $93m and $96m based on industry estimates. Earlier estimates for full year spending were to reach $71.9b, which was exceeded in 3Q. Expectations for 2022 are for semiconductor equipment spending of $100m, with much of the growth coming from South Korea, Taiwan and Europe. There were 76 ongoing fab construction projects underway this year (~$18b) with 60 continuing into 2022, while 16 new projects that will lead to volume production fabs are expected to be added in 2022 ($27b total).
Semiconductor Equipment Spending by Region - Source: Semi.org
Semiconductor Equipment Spending & ROC - Yearly - 2021 YTD - Source: Semi.org
Semiconductor Equipment Spending Share - Yearly - by Regiopn - Source: Semi.org
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