WFE Outlook 3Q2020

    The Chip Insider®
    Semiconductor Manufacturing
    September 8, 2020
    WFE Outlook
    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

    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
             WFE Outlook 3Q2020
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