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Wafer fab equipment revenue grows to record $120 bn in 2022; expected to fall this year: Counterpoint, ET Telecom

Wafer Fab Equipment: In 2022, the growth in revenue was driven by the investments made by the customers of WFE manufacturers for node devices across segments, including the Internet of Things (IoT), Artificial Intelligence (AI), High-Performance Computing (HPC), automotive, and 5G, as per the research firm.

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