Business Is in Full Bloom
January 10, 2022
- Order activity for semiconductor equipment nudged higher, hitting a hot 114
- These high levels of activity should translate into a very strong 1H22 for equipment manufacturers
- With the pipeline in new fab investments close to $100B for the next two years, equipment manufacturers have plenty of visibility and feel positive about the outlook
- On the semiconductor side, growth is rolling over from the Q3 peak but it's still very robust
- Semiconductor sales are expected to grow by double-digits again in 2022 driven by a robust Cloud/HPC expansion, surging Automotive demand, easing shortages, and inventory restocking
- VLSI's Chip Price Performance jumped higher
- DRAM increased
- NAND flat
- MPUs rose
- Planned additions are on the rise
