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TAP TIMES -22- APRIL 2022
CAPEX forecast (from 21) and ST) are scheduled to significantly
ramp up spending in 2022.
their capital outlays by ≥40% this year.
2.5X combined outlays
Spending up 62% The combined outlays of the 13 compa-
In total, these 13 companies spent $60.6 nies shown in Figure 2 are expected to
billion last year, which was up 62% from be almost 2.5x what they were two years
2020, and are forecast to spend $91.8 bil- earlier in 2020.
lion this year, up 52% from 2021.
However, the majority of these semicon-
It is interesting to note that the big three ductor manufacturers are responding to
memory suppliers (i.e., Samsung, SK Hy- the current demand surge.
nix, and Micron) are not on the list while
the top three pure-play foundries (TSMC, Over the next few years, many compa-
UMC, and GlobalFoundries) are included. nies’ outlays are likely to revert to a capi-
Moreover, illustrating the diversity of the tal spending as a percent of sales ratio of
listing, four of the top five leading analog somewhere near pre-pandemic levels.
IC suppliers (TI, Analog Devices, Infineon, icinsights.com
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