– The Electrical India Content Team
On the 5th of May 2020, SEMI reported its Power & Compound Fab report for the year 2024, in which the Global fab equipment spending for power and compound devices is expected to rebound in the second half of the year 2020 to meet resurgent end-product demand and jump 59% to a segment record US$6.9 billion in 2021. The 2020 rally will help blunt a drop in annual spending, now projected at 8%, as fabs ride the COVID-19 recovery wave.
Power and compound devices are used to control electrical energy for devices across an array of industries such as computing, communications, energy and automotive. However due in order to curb the spread of COVID – 19, demand for servers, laptops and other electronics has surged.
The SEMI Power & Compound Fab Report to 2024 lists more than 800 power- and compound-related facilities and lines covering investments and capacities for the 12 years from 2013 through 2024.