Global Semiconductor Equipment Market Set to Hit $229.5 Billion by 2028, Driven by AI Boom

The worldwide market for semiconductor manufacturing equipment is projected to break records, reaching $229.5 billion by 2028. The surge is fueled by massive AI‑related infrastructure spending, higher demand for advanced logic chips and next‑generation memory such as high‑bandwidth memory (HBM). Southeast Asia and Europe are also seeing capacity upgrades, while China remains the largest single market. SEMI, the industry association representing roughly 4,000 firms, forecasts a 23.2 % YoY jump to $165.9 billion in 2026 before climbing to the 2028 peak. Investments in DRAM and NAND production equipment are expected to more than double, underscoring the rapid pace of the memory transition.

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