TAIPEI (Taiwan News) — Taiwan is expected to spend NT$2.37 billion (US$75 million) on 300mm fab equipment over the next three years, according to a SEMI report published Thursday (Sept. 26).

According to the report, global 300mm fab equipment spending is projected to grow by 4% to US$99.3 billion in 2024 and by 24% to US$123.2 billion in 2025. The regionalization of semiconductor fabs and the increasing demand for AI chips are the main drivers of growth, per Reuters.

SEMI said China is projected to maintain its lead as the top spending region on 300mm equipment globally until 2027.

“Driven by a national policy of self-sufficiency, China will invest over $100 billion in the next three years,” the organization said. “However, the report adds that China’s spending will decline from this year's record levels.”

Meanwhile, South Korea is projected to rank second and invest US$81 billion in the next three years to maintain its lead in DRAM, high-bandwidth memory, and 3D NAND flash, per CNA.