Global semicon equipment billings up 7% y-o-y to US$29 bil in 3Q, says SEMI

Global semicon equipment billings up 7% y-o-y to US$29 bil in 3Q, says SEMI

01 Dec 2022

Global semiconductor equipment billings rose 7% year-over-year to US$28.75 billion in the third quarter of 2022, according to the US-based Semiconductor Equipment & Materials International (SEMI).

In its Worldwide Semiconductor Equipment Market Statistics (WWSEMS) Report released on Wednesday (Nov 30), SEMI said the figure was 9% higher quarter-on-quarter.

SEMI president and chief executive officer Ajit Manocha said semiconductor equipment revenue growth in the third quarter remained in line with positive forecasts for 2022.

“The 9% quarter-over-quarter increase in equipment spending for 3Q reflects the semiconductor industry’s determination to bolster fab capacity to support long-term growth and technology innovation,” he said.

The data is compiled from information submitted by members of SEMI and the Semiconductor Equipment Association of Japan (SEAJ).

The WWSEMS Report is a summary of the monthly billings figures for the global semiconductor equipment industry.

Source: The Edge Markets