SEMI Forecasts Record Chip Equipment Sales
Analysis based on 26 articles · First reported Jun 29, 2026 · Last updated Jul 28, 2026
The record equipment spending forecast signals robust demand for semiconductor manufacturing, benefiting equipment suppliers and chipmakers. India's semiconductor ecosystem stands to gain from global investment trends and government initiatives, potentially attracting further foreign investment and boosting local manufacturing.
Semiconductor, the global semiconductor industry association, released its Mid-Year Total Semiconductor Equipment Forecast - OEM Perspective, projecting record global sales of semiconductor manufacturing equipment. Sales are expected to reach $165.9 billion in 2026, a 23.2% increase year-on-year, and continue growing to $229.5 billion by 2028, marking five consecutive years of growth. The surge is driven by AI-driven demand for advanced logic, high-bandwidth memory (HBM), and back-end technologies. Wafer fab equipment (WFE) is forecast to reach $143.9 billion in 2026, while test equipment and assembly/packaging equipment also see strong growth. China, Taiwan, and South Korea remain top spending regions. For India, the global investment cycle aligns with its national semiconductor mission, which has approved 12 projects with over $20 billion in investments, including fabs by Tata Group, Micron Technology, Kaynes Technology, and CG Power and Industrial Solutions. Semiconductor President and CEO Ajit Manocha highlighted AI's role in reshaping investment, while Ashok Chandak, President of Semiconductor India and IESA, noted India's opportunity in mature and specialty nodes.
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