Flexible Electronics News

Q3 2023 Global Semiconductor Equipment Billings Drop 11% Year-Over-Year: SEMI

Contracted 11% year-over-year to US$25.6 billion in the third quarter of 2023.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World

Global semiconductor equipment billings contracted 11% year-over-year to US$25.6 billion in the third quarter of 2023, while quarter-over-quarter billings slipped 1% during the same period, SEMI announced in its Worldwide Semiconductor Equipment Market Statistics (WWSEMS) Report.

“The Q3 2023 dip in equipment billings was due to softening chip demand,” said Ajit Manocha, SEMI president and CEO. “However, China has shown strong demand and spending power for mature-node technologies, a sign of the industry’s resilience and growth potential in the long run.”

Compiled from data submitted by members of SEMI and the Semiconductor Equipment Association of Japan (SEAJ), the WWSEMS Report is a summary of the monthly billings figures for the global semiconductor equipment industry. 

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