Annual 300 mm fab equipment spend to hit $138B by 2028

Global spending on 300 mm fab equipment is expected to rise steadily over the next three years, reaching 138 billion dollars in 2028, according to Semi’s latest forecast. Annual investment is projected at 116 billion dollars in 2026 and 120 billion dollars in 2027, up from a revised 107 billion dollars in 2025. The growth is fueled by AI-driven logic and memory expansions across multiple regions.

Logic and micro devices will lead the charge, with sub-2 nm capacity expansion pushing this segment’s share to around 175 billion dollars over the 2026-2028 period. Memory spending (136 billion dollars over the three-year period) is also picking up, especially in DRAM and 3D NAND, as suppliers ramp output in anticipation of data-intensive workloads.

China is set to remain the biggest spender on 300mm tools, reaching 94 billion dollars by 2028, followed closely by Korea with 86 billion dollars and Taiwan with 75 billion. Investment in the Americas will hit 60 billion dollars, while Europe, Japan & Middle East and Southeast Asia round out the global picture with 32, 14 and 12 billion dollars, respectively.