Despite the many reports that have painted a “doom and gloom” picture of the semiconductor industry due to chip shortages and hiring challenges, many companies around the world are not slowing down their growth plans. In fact, global semiconductor billings grew 5% year-over-year to $24.7 billion in the first quarter of 2022, as reported by SEMI in Worldwide Semiconductor Equipment Market Statistics (WWSEMS) Report.
“Year-over-year first quarter equipment revenue growth is in sync with positive forecasts for 2022 as the semiconductor industry continues its robust increase of fab capacity,” said Ajit Manocha, SEMI president and CEO. “North America and Europe logged healthy quarter-over-quarter rises in equipment spending as they intensify efforts to bolster domestic chipmaking.”
In the second quarter of this year, several businesses announced their growth plans in locations around the world — from Connecticut to Taiwan. Here is an overview of just a few of the many initiatives underway in the semiconductor industry in Q2 2022.