The global chip industry is expected to invest more than $500 billion in new factories

The global semiconductor industry is expected to invest more than $500 billion in 84 high-volume chip manufacturing facilities beginning construction from 2021 to 2023, with segments such as automotive and high-performance computing driving spending increases, SEMI announced today in its latest quarterly World Fab Forecast -report known. Projected growth in global factory count includes a record high of 33 new semiconductor manufacturing plants beginning construction this year and 28 more in 2023.

“The latest update of the SEMI World Fab Forecast reflects the increasing strategic importance of semiconductors to countries and a wide range of industries worldwide,” said AjitManocha, President and CEO of SEMI. “The report underscores the significant impact of government incentives to expand manufacturing capacity and strengthen supply chains. Given the optimistic long-term outlook for the industry, increasing investment in semiconductor manufacturing is critical to laying the foundation for long-term growth, driven by a variety of new applications.”