Evertiq - New chip fabs to spur surge in equipment spending
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New Semiconductor Fabs to Spur Surge In Equipment Spending
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Harsh has been covering technology, and sometimes retail, since 2011. He is focused on finding great businesses for the long run. You can follow him on twitter @techjunk13 Follow @techjunk13
The global semiconductor shortage has shown up in a lot of discussions among some companies that have released their earnings reports so far during this season. From smartphone makers such as
Apple to semiconductor suppliers such as
Cirrus Logic and automakers around the globe, companies are forecasting billions of dollars in lost sales thanks to the limited availability of chips.
A surefire way for an investor to take advantage of this need to resolve a global chip shortage is to buy stock in
Global Fab Equipment Spending Poised to Log Three Straight Years of Record Highs
Fueled by surging pandemic-inspired demand for electronics devices, the global semiconductor industry is on track to register a rare three consecutive years of record highs in fab equipment spending with a 16% increase in 2020 followed by forecast gains of 15.5% this year and 12% in 2022, SEMI highlighted today in its quarterly World Fab Forecast report.
Fabs worldwide will add about $10 billion worth of equipment in each of the three years as spending climbs to top $80 billion at the end of the forecast period. Explosive demand for electronics that are the backbone of communications, computing, healthcare and online services – sectors that mounted robust responses to the COVID-19 outbreak as the world rallied to curb the coronavirus’s spread – account for much of the spending.