As the chip geopolitics between China and the US intensifies, semiconductor equipment manufacturers are gearing up to gain from an expanding market. The global semiconductor industry is experiencing a significant investment boom as countries are trying to woo investments in the strategically important sector, which is witnessing increasing demand from core sectors such as automotive, consumer electronics, and data centers, on the back of advancements in technologies such as 5G, AI, and IoT.
Recent chip shortages and geopolitical tensions have highlighted the need for supply chain resilience and security, leading to increased investment in manufacturing capacity, supplier diversity, and chip design capabilities. Analysts predict the industry, currently valued at around USD600 billion, will grow by 6-8% annually, reaching USD1 trillion by 2030. Governments and private entities worldwide are actively investing in initiatives to strengthen domestic capabilities, reduce import dependence, and promote innovation.
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