CITIC Securities forecasts robust semiconductor-equipment demand driven by large
downstream customers’ capex guidance and expansion plans. It projects the global
wafer fab equipment (WFE) market will expand 26% YoY in 2026 to $147.8bn and 35%
YoY in 2027 to $199.5bn, with memory’s share increasing. As capacity is brought
online and new product cycles roll out, equipment makers’ pricing power may
improve. The report advises monitoring equipment suppliers exposed to memory and
capex-led spending.
