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Semiconductor Industry CapEx Set for Steepest Decline Since 2008: Forecast

Rising inflation and a weakening global economy have forced many, if not most, chip makers to back off their aggressive expansion plans when chip demand outstripped supply. Nonetheless, even with reduced capital expenditures (CapEx) in the semiconductor industry, his forecast for 2022 is $181.7 billion, a record high. IC Insight (opens in new tab).

Semiconductor makers’ capital spending is on the rise in 2020 and beyond as demand rises for everything from smartphones and PCs to giant TVs and self-driving cars. The capital spending budget is expected to grow 35% to $153.1 billion in 2021 and 19% to $181.7 billion in 2022, according to the report.

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