2020-2022 expected to be the first 3-year period of double-digit capex growth since 1993-1995.
IC Insights has adjusted its 2022 worldwide semiconductor capital-spending forecast that now shows a 21% increase this year, to $185.5 billion (Figure 1).  The revised outlook, which was included in IC Insights’ recently released August 3Q Update to The McClean Report, represents a decrease from $190.4 billion and 24% growth that was forecast at the beginning of this year. Though lowered, the revised capex forecast still represents a new record high level of spending. In fact, if industry capital spending rises as forecast by a double-digit amount this year, it will mark the first three-year period of double-digit capital expenditure gains in the semiconductor industry since 1993-1995.
