Semiconductor manufacturing has been very resilient during COVID-19. Logic and Foundries are leading in equipment spending. As a result Wafer Fab Equipment is expected to grow 11% in 2020 reaching $58B. 2021 is expected to grow 5% driven by a recovering economy and expanding demand from memory customers.
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Semi Manufacturing in Recovering Economy Resilient trend continues
Semiconductor manufacturing continues to show exceptional resilience during COVID-19
Economies are recovering as shutdowns and COVID-19 related restrictions abate
Manufacturing sectors in general have fared much better than service related sectors
Overall consumer and industrial demand has fallen substantially
Semiconductor demand has remained healthy
Automotive and Industrial electronics are an exception to this general trend
Foundries and IDMs continue to invest in capacity to prepare for:
Substantial 5G ramp
Accelerating demand for Cloud and Datacenters
Demand spike in PCs and associated peripherals from working-at-home-economy
Low baselines and along with economic recovery provide growth in 2021
Economic recovery provides an opportunity for Electronics and ICs to rebound to 2018 peak levels