AI Demand Is Rewriting the CAPEX Roadmap
See Where Fabs Are Spending Next.
Get the latest 2026 CAPEX Forecast: growth projections for Advanced Logic & Foundry, DRAM, NAND/NVM, and Discrete, Analog, and Other CAPEX
Limited-time, free access to the Forecast
A CAPEX Boom With No Signs of Slowing
TechInsights just raised its 2026 semiconductor capex growth projection to 34%, up from 27% just one quarter ago. AI demand for data centers, hyperscalers, and related applications is driving record investment from TSMC, Samsung, SK hynix, and Micron, and every major segment saw its outlook upgraded in this edition.
The TechInsights Capex Forecast breaks down where that money is landing: which segments are growing fastest, what's fueling the DRAM and NAND price spikes behind it, and how long the buildout is expected to run. It covers Advanced Logic & Foundry, DRAM, NAND/NVM, and Discrete, Analog, and Other Capex, with year-over-year detail through 2027.
What's Inside the Forecast
- Segment-level growth rates for Advanced Logic & Foundry, DRAM, NAND/NVM, and Discrete, Analog, and Other CAPEX
- TSMC's record $56 billion 2026 investment and what's driving 37% growth at the world's largest foundry
- The HBM shortage pushing DRAM capex to 42% growth, and why supply still isn't catching up to demand
- Why NAND/NVM capex is now projected to grow 54%, more than double the prior forecast
- Risk factors tracked quarter over quarter, including energy prices, Middle East supply disruption, and political pushback against datacenter construction
