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According to a research report by Huatai Securities, by 2028, the capital expenditures of global semiconductor manufacturing companies are expected to reach USD 341.7 billion, representing a significant increase of 103.3% from USD 168.1 billion in 2025, effectively doubling. The notable rise in capital expenditures will directly impact the equipment market. Specifically, the global front-end semiconductor equipment market (WFE) is projected to reach USD 241.4 billion in 2028, up approximately 108% from 2025; the back-end semiconductor equipment market is expected to reach about USD 38.3 billion, a substantial increase of 136.9% from USD 16.16 billion in 2025. In terms of downstream demand, the memory sector is projected to grow by 150%, while the wafer foundry sector is expected to grow by 91.4%.
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