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TAP TIMES -21- APRIL 2022
Semi industry CAPEX forecast to With many supply chains strained or bro-
reach over $190 billion this year ken during the pandemic, the electronics
industry, in many cases, was left unpre-
SCOTTSDALE, Arizona — 2020-2022 pared for the current rebound in demand.
expected to be the first three-year
period of double-digit capex growth Booming demand
since 1993-1995. Booming demand has pushed most fabri-
cation facility utilization rates well above
24% jump seen 90% with many of the semiconductor
Figure 1 shows that after surging 36% foundries operating at 100% utilization.
in 2021, semiconductor industry capital
spending is forecast to jump 24% in 2022 With such strong utilization rates and the
to a new all-time high of $190.4 billion, up expectations of continued high demand,
86% from just three years earlier in 2019. the combined semiconductor industry
capital spending in 2021 and 2022 is fore-
Moreover, if capital spending increases cast to reach $344.3 billion!
by ≥10% in 2022, it would mark the first
three-year period of double-digit spending Figure 2 (p. 21) shows a sampling of 13
increases in the semiconductor industry companies that are expected to increase
since the 1993-1995 time period. next page
