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S. Korea expected to be 2nd in fab equipment spending this year: report

All News 10:26 March 10, 2020

SEOUL, March 10 (Yonhap) -- South Korea is expected to be the second-biggest spender on semiconductor manufacturing equipment this year, industry data showed Tuesday, as the global chip industry is likely to make a recovery despite the novel coronavirus outbreak.

South Korea, home to major memory chip producers Samsung Electronics Co. and SK hynix Inc., is estimated to invest US$13 billion in chip factory equipment this year, according to a report from SEMI, a global industry association representing companies in the electronics design and manufacturing supply chain.

Taiwan, led by the No. 1 foundry maker Taiwan Semiconductor Manufacturing Company (TSMC), is expected to top the list with $14 billion, according to SEMI. Despite suffering from the novel coronavirus, China, the epicenter of the global outbreak, is projected to spend $12 billion this year, up 5 percent from a year ago, to take third place.

SEMI said global fab equipment spending is likely to rebound from its 2019 downturn and is expected to see a "modest recovery" this year. According to its report, global fab equipment investment this year is forecast to grow 3 percent on-year to $57.8 billion.

For 2021, SEMI said that global fab equipment spending is estimated to reach a record high, with South Korea being the largest spender.

SEMI estimated that South Korea could spend $17 billion in 2021, followed by China with $15 billion and Taiwan with $13 billion.

This undated photo provided by Samsung Electronics Co. shows the company's chip manufacturing plant in Hwaseong, south of Seoul. (PHOTO NOT FOR SALE) (Yonhap)

This undated photo provided by Samsung Electronics Co. shows the company's chip manufacturing plant in Hwaseong, south of Seoul. (PHOTO NOT FOR SALE) (Yonhap)

kdon@yna.co.kr
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