“Robust growth” for semiconductor equipment market in Q3

Global semiconductor equipment billings increased 19 percent year-over-year to 30.38 billion dollars in the third quarter of 2024. Quarter-over-quarter billings registered 13 percent growth during the same period, according to Semi’s Worldwide Semiconductor Equipment Market Statistics Report.

“The global semiconductor equipment market recorded robust growth in the third quarter of 2024 driven by investments aimed at supporting proliferation of artificial intelligence as well as production of mature technologies,” comments Semi CEO Ajit Manocha. “The growth in equipment investments was spread across multiple regions seeking to bolster their chipmaking ecosystems, with North America posting the largest year-over-year gain while China continues to lead in spending.”