SEMI forecasts record semiconductor equipment spending as India deepens chip ambitions

Global spending on semiconductor manufacturing equipment is projected to reach a record USD 165.9 billion in 2026, rising 23.2% from a year earlier as Artificial Intelligence (AI) drives demand for advanced chip manufacturing, memory technologies, and packaging equipment, according to SEMI's Mid-Year Total Semiconductor Equipment Forecast. The forecast comes as India expands its own semiconductor ambitions. The Union Cabinet this week approved India Semiconductor Mission (ISM) 2.0 , with an outl