China's semiconductor equipment spending soars | Domestic alternatives are huge

Securities Times Network June 13 News

According to Huaixin Information, the International Semiconductor Industry Association stated that the semiconductor industry is set to record a new high record for equipment expenditure for three consecutive years. It is expected that the 2018 and 2019 will grow by 14% and 9% respectively over the previous year, setting another record. This year Q1 In the quarter, total global semiconductor manufacturing equipment sales reached US$17 billion, an increase of 30% over the same period of last year. Among them, sales of semiconductor equipment in China reached US$2.6 billion, a year-on-year increase of 31%. The Chinese mainland is building a considerable number of new Fabs, equipment installations began in 2018. The semiconductor equipment industry is in short supply to provide a huge space for domestic alternatives.

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