Global Semiconductor Equipment Billing Surged to $117B in 2024: SEMI

Worldwide sales of semiconductor manufacturing equipment increased 10% to $117.1 billion in 2024 from $106.3 billion in 2023, SEMI, the industry association representing the global electronics design and manufacturing supply chain, reported. The data is now available in the Worldwide Semiconductor Equipment Market Statistics (WWSEMS) report.

In 2024, the global front-end semiconductor equipment market experienced notable growth, with sales of wafer processing equipment increasing by 9% and other front-end segments rising by 5

The back-end equipment segment, after two consecutive years of decline, saw a robust recovery in 2024, driven by the increasing complexity and demands of AI and HBM manufacturing. Assembly and packaging equipment sales increased by 25%, while test equipment billings rose by 20% year-over-year, reflecting the industry’s push toward supporting advanced technologies.

“The global semiconductor equipment market surged by 10% in 2024, rebounding from a slight dip in 2023 to reach an all-time high of $117 billion in annual sales,” said Ajit Manocha, SEMI president and CEO. “Industry spending on chipmaking equipment in 2024 reflects a dynamic landscape shaped by regional investment trends, technological advancements in logic and memory, and the rising demand for chips related to AI-driven applications.”

Regionally, China, Korea, and Taiwan remained the top three markets for semiconductor equipment spending, collectively accounting for 74% of the global market. China solidified its position as the largest semiconductor equipment market, with investments surging 35% year-over-year to $49.6 billion, driven by aggressive capacity expansion and government-backed initiatives aimed at bolstering domestic chip production.

Elsewhere, North America recorded a 14% rise in semiconductor equipment investments, reaching $13.7 billion, driven by increased focus on domestic manufacturing and advanced technology nodes.