TAIWAN TOP SEMICONDUCTOR EQUIPMENT BUYER IN Q1

Taiwan has become the top spender on semiconductor equipment in the first quarter of this year, according to global semiconductor trade association SEMI. The country spent $6.93 billion on semiconductor equipment, representing a 42% increase compared to the previous year. However, it experienced a 13% decline from the previous quarter. Market analysts attribute Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s largest contract chipmaker, as a significant contributor to the spending surge. TSMC is expected to invest nearly $32 billion in capital expenditure in 2023 and has plans for advanced chip manufacturing processes. China ranked second in semiconductor equipment spending, with $5.86 billion, while South Korea ranked third with $5.62 billion.

North America saw the most significant growth, becoming the fourth largest market with $3.93 billion, attributed to incentives and subsidies provided by the U.S. government. The total global spending on semiconductor equipment in the first quarter was approximately $26.8 billion, a 9% increase compared to the previous year. SEMI noted that despite global economic challenges, semiconductor spending remained solid, with emerging applications like artificial intelligence contributing to long-term industry growth.

Thanks to Focus Taiwan – CNA English News, for providing this article for us to review,

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