Forecast Vintages — the Revision Record

“We anticipate our full-year 2024 capital expenditures will be in the range of $30-35 billion, with growth driven by investments in servers, including both non-artificial intelligence (AI) and AI hardware, and data centers as we ramp up construction on sites with the new data cent…”

“We anticipate our full-year 2024 capital expenditures will be in the range of $30-37 billion, a $2 billion increase of the high end of our prior range.”

“We anticipate our full-year 2024 capital expenditures will be in the range of $35-40 billion, increased from our prior range of $30-37 billion as we continue to accelerate our infrastructure investments to support our artificial intelligence (AI) roadmap.”

“We anticipate our full-year 2024 capital expenditures will be in the range of $37-40 billion, updated from our prior range of $35-40 billion.”

“We anticipate our full-year 2024 capital expenditures will be in the range of $38-40 billion, updated from our prior range of $37-40 billion.”

“reaching new records of $121 billion in 2025 and $139 billion in 2026, supported by both the front-end and back-end segments”

“Semiconductor manufacturing equipment growth is expected to continue in 2026, with sales projected to reach a new high of $138.1 billion”

“Global sales of total semiconductor manufacturing equipment by original equipment manufacturers (OEMs) are forecast to reach a record high of $165.9 billion in 2026, increasing 23.2% year-on-year”

“rising 14.7% from the previous industry high of $102.5 billion in 2021, and increase to $120.8 billion in 2023”

“The global total semiconductor manufacturing equipment market is expected to contract to $91.2 billion next year before rebounding in 2024 driven by both the front-end and back-end segments.”

“forecast to bounce back from a projected contraction of 18.6% to $87.4 billion in 2023 following the industry record of $107.4 billion in 2022”

“are forecast to reach $100 billion in 2023, a contraction of 6.1% from the industry record of $107.4 billion posted in 2022”

“WSTS expects the world semiconductor market to grow in 2018 and 2019 to US$ 463 billion and US$ 484 billion respectively.”

“WSTS expects the world semiconductor market to grow in 2018 and 2019 to US$ 478 billion and US$ 490 billion respectively.”

“Worldwide Semiconductor Market is forecasted to be US$ 412 billion in 2019 - a decrease of 12.1 percent from 2018”

“Worldwide Semiconductor Market is forecasted to be US$ 409 billion in 2019 - a decrease of 12.8 percent from 2018”

“We continue to expect 2021 capital expenditures to be in the range of $21-23 billion, driven by data centers, servers, network infrastructure, and office facilities.”

“We expect 2021 capital expenditures to be approximately $19 billion, updated from our prior estimate of $19-21 billion.”

“We anticipate our full year 2025 capital expenditures will be in the range of $60-65 billion.”

“We anticipate our full year 2025 capital expenditures, including principal payments on finance leases, will be in the range of $64-72 billion, increased from our prior outlook of $60-65 billion.”

“We currently expect 2025 capital expenditures, including principal payments on finance leases, to be in the range of $66-72 billion, narrowed from our prior outlook of $64-72 billion and up approximately $30 billion year-over-year at the mid-point.”

“We currently expect 2025 capital expenditures, including principal payments on finance leases, to be in the range of $70-72 billion, increased from our prior outlook of $66-72 billion.”

“The management further expects the 2021 capital budget to be between US$25 billion and US$28 billion.”

“The management further expects the 2021 capital budget to be around US$30 billion.”

“followed by a 3.2% increase to $104.3 billion in 2023.”

“followed by a 16.8% contraction to $78.8 in 2023 billion before rebounding 17.2% to $92.4 billion in 2024.”

“Sales of wafer fab equipment, which includes wafer processing, fab facilities and mask/reticle equipment, are projected to decrease 18.8% to $76.4 billion in 2023”

“is projected to slip 3.7% to $90.6 billion in 2023”

“The expected 2024 recovery – to $100 billion – will be driven by both the front-end and back-end segments.”

“are forecast to set a new industry record, reaching $109 billion in 2024, growing 3.4% year-on-year”

“Global sales of total semiconductor manufacturing equipment by original equipment manufacturers (OEMs) are forecast to set a new industry record, reaching $113 billion in 2024”

“Global semiconductor revenue is forecast to total $596 billion in 2023, down from the previous forecast of $623 billion (see Table 1).”

“Global semiconductor revenue is forecast to total $532 billion in 2023 (see Table 1).”

“In 2023, the market is forecast to decline 10.9% and reach $534 billion.”

“Global sales of semiconductor manufacturing equipment by original equipment manufacturers are projected to drop 18.4 percent to $52.7 billion in 2019”

“Global semiconductor manufacturing equipment sales will drop 10.5 percent to $57.6 billion in 2019”

“Looking ahead to 2024, the global semiconductor market is forecasted to surge by 11.8 percent, amounting to US$576 billion.”

“The outlook for 2024 points to a vigorous upswing in the worldwide semiconductor market, with projections indicating a 13.1 percent increase, reaching a valuation of US$588 billion.”

“The updated market valuation for 2024 is estimated at US$611 billion.”

“The global market value for 2024 is now estimated to reach $627 billion, reflecting improved performance”

“Global semiconductor revenue is projected to total $676 billion in 2022, an increase of 13.6% from 2021, according to Gartner, Inc.”

“Overall, 2022 global semiconductor revenue has been reduced from the previous quarter’s forecast by $36.7 billion, to $639.2 billion, as economic conditions are expected to worsen through the year (see Table 1).”

“In 2022, the market is on pace to grow 4% and total $618 billion.”

“the global semiconductor market is entering a period of weakness, which will persist through 2023 when semiconductor revenue is projected to decline 2.5%”

“Global semiconductor revenue is projected to decline 3.6% in 2023, according to the latest forecast from Gartner, Inc.”

“Global semiconductor revenue is projected to decline 11.2% in 2023, according to the latest forecast from Gartner, Inc.”

“In 2023, the market is forecast to decline 10.9% and reach $534 billion.”

“Surging investment in AI infrastructure is expected to drive the combined CapEx of the world's nine largest CSPs up by approximately 90% YoY in 2026, according to TrendForce's latest AI server research.”

“total CapEx projected to surge 98% YoY in 2026 and rise another 50% in 2027”

“The management further expects the 2020 capital budget to be between US$15 billion and US$16 billion.”

“The management further expects the 2020 capital budget to be between US$16 billion and US$17 billion.”

“Global semiconductor revenue is projected to total $676 billion in 2022, an increase of 13.6% from 2021, according to Gartner, Inc.”

“Global semiconductor revenue is projected to grow 7.4% in 2022, down from 2021 growth of 26.3%, according to the latest forecast from Gartner, Inc.”

“The wafer fab equipment segment, which includes wafer processing, fab facilities, and mask/reticle equipment, is projected to expand 15.4% to a new industry record of $101 billion in 2022, followed by a 3.2% increase to $104.3 billion in 2023.”

“is projected to expand 8.3% to a new industry record of $94.8 billion in 2022”

“before rebounding 17.2% to $92.4 billion in 2024.”

“The wafer fab equipment segment is projected to account for the bulk of the recovery to $100 billion in 2024, generating $87.8 billion in sales, a 14.8% increase.”

“is projected to increase 2.8% to $98 billion in 2024”

“WSTS expects the worldwide semiconductor market growth to rise from 6.8 percent in 2020 to outstanding 19.7 percent in the year 2021, which corresponds to a market size of US$ 527 billion.”

“WSTS expects the worldwide semiconductor market growth to rise from 6.8 percent in 2020 to an outstanding 25.6 percent in the year 2021, which corresponds to a market size of US$ 553 billion.”

“The equipment market is expected to contract 4.0 percent in 2019 but grow 20.7 percent to reach $71.9 billion, an all-time high.”

“the forecast shows growth in equipment sales resuming in 2020, with an 11.6 percent jump to $58.8 billion.”

“the forecast shows equipment sales registering a 5.5 percent increase to $60.8 billion in 2020 and continued expansion into 2021, with record revenues of $66.8 billion”

“register a new industry record of $68.9 billion in 2020”

“For 2022, the global semiconductor market is projected to grow by 8.8 percent to US$ 601 billion.”

“WSTS expects another year of double-digit growth for the worldwide semiconductor market in 2022 with a forecast of $646 billion, up 16.3 percent.”

“with a total size of US$580 billion, up 4.4 percent”

“Worldwide Semiconductor Market is forecasted to be US$ 463 billion in 2018 - an increase of 12.4 percent from 2017”

“Worldwide Semiconductor Market is forecasted to be US$ 478 billion in 2018 - an increase of 15.9 percent from 2017”

“For 2022, we expect capital expenditures to be in the range of $29-34 billion, driven by our investments in data centers, servers, network infrastructure, and office facilities.”

“We expect 2022 capital expenditures, including principal payments on finance leases, to be in the range of $29-34 billion, unchanged from our prior estimate.”

“We expect 2022 capital expenditures, including principal payments on finance leases, to be in the range of $29-34 billion, unchanged from our prior estimate.”

“We expect 2022 capital expenditures, including principal payments on finance leases, to be in the range of $30-34 billion, narrowed from our prior range of $29-34 billion.”

“We expect 2022 capital expenditures, including principal payments on finance leases, to be in the range of $32-33 billion, updated from our prior range of $30-34 billion.”

“However, the full effect of pricing increases will only be seen in 2024, when DRAM revenue is expected to increase 88% to total $87.4 billion.”

“Overall, DRAM revenue is expected to total $115.6 billion in 2025, up from $90.1 billion in 2024.”

“the $4 trillion tech giant will spend between $175 billion to $185 billion in capex in 2026”

“The company also updated its 2026 capital expenditure guidance range to $180 billion to $190 billion, up from its previous estimate of $175 billion to $185 billion.”

“The management further expects the 2025 capital budget to be between US$38 billion and US$42 billion.”

“We reiterate our 2025 capital budget is expected to be between USD38 billion and USD42 billion”

“We are narrowing the range of our 2025 CapEx to be between USD40 billion and USD42 billion as compared to USD38 billion to USD42 billion previously.”

“ACCELERATING TO 6.2 PERCENT IN 2021”

“For 2021, the global semiconductor market is projected to grow by 8.4 percent, driven by double-digit growth of Memory and Optoelectronics.”

“Global semiconductor revenue is projected to grow 16.8% in 2024 to total $624 billion, according to the latest forecast from Gartner, Inc.”

“In 2024, the market is forecast to grow 19% and reach $630 billion.”

“Looking ahead to 2025, WSTS forecasts a 12.5 percent growth in the global semiconductor market, reaching an estimated valuation of US$687 billion.”

“WSTS predicts broad based growth for the semiconductor market in 2025, with an 11.2% increase, bringing the global market valuation to an estimated $697 billion.”

“the global semiconductor market is projected to expand by 11.2% in 2025, reaching a total value of $700.9 billion”

“Worldwide Semiconductor Market is forecasted to be US$ 426 billion in 2020”

“Worldwide Semiconductor Market is forecasted to be US$ 433 billion in 2020 - an increase of 5.1 percent from 2019”

“Semiconductor manufacturing equipment growth is expected to resume in 2024, with sales forecast to reach a new high of $124 billion in 2025, supported by both the front-end and back-end segments.”

“Semiconductor manufacturing equipment growth is expected to continue in 2025, with sales forecast to set a new high of $128 billion in 2025, driven by both the front-end and back-end segments.”

“reaching new records of $121 billion in 2025 and $139 billion in 2026, supported by both the front-end and back-end segments”

“global sales of total semiconductor manufacturing equipment by original equipment manufacturers (OEMs) are forecast to set a new industry record of $125.5 billion in 2025, a 7.4% year-on-year increase”

“Global semiconductor revenue is projected to grow 16.8% in 2024 to total $624 billion, according to the latest forecast from Gartner, Inc.”

“In 2024, the market is forecast to grow 19% and reach $630 billion.”

“For 2020, all regions are forecasted to grow with the overall market up 5.4 percent”

“For 2020, all regions are forecasted to grow with the overall market up 5.9 percent, with Optoelectronics contributing the highest growth followed by Logic.”

“2022 CAPEX: US$3.0 billion”

“2022 CAPEX: US$3.6 billion”

“2022 CAPEX: US$3.6 billion”

“We have revised the company’s 2022 capital expenditure down to US$3 billion”

“Looking to 2027, TrendForce estimates that the combined CapEx of the top nine CSPs will hit about $1.3 trillion, showing nearly 50% year-over-year growth.”

“total CapEx projected to surge 98% YoY in 2026 and rise another 50% in 2027”

“HBM contract prices could still rise by 70-140% in 2027”

“Blended ASP is now projected to jump 121% YoY.”