[News] Japan’s Chip Equipment Sales Hit Record High This Year, with 23.6% YoY Growth in July

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According to data released by the Semiconductor Equipment Association of Japan (SEAJ) on August 27th, Japan’s semiconductor manufacturing equipment sales continue to soar, with July sales up by about 20%, marking four consecutive months of double-digit growth. Sales from January to July reached a historic high for the period.

Reportedly, the sales of Japan-made chip equipment in July 2024 (based on a 3-month average basis, including exports) reached JPY 348.092 billion, a significant 23.6% increase compared to the same month last year.

This marks the seventh consecutive month of growth and the fourth consecutive month with over 10% growth. Monthly sales have surpassed JPY 300 billion for nine straight months.

Compared to the previous month (June 2024), sales increased by 1.2%, marking the eighth monthly growth in nine months.

From January to July 2024, Japan’s chip equipment sales totaled JPY 2.480115 trillion, a 16.7% increase compared to the same period last year. This figure surpasses the previous record of JPY 2.134268 trillion set in 2022, setting a new all-time high.

The upward trend is in accordance with the observation by Japan’s chip equipment giant Tokyo Electron (TEL) and the Semiconductor Equipment and Materials International (SEMI).

Tokyo Electron (TEL) announced in its August 8 financial report that due to strong investments in AI servers, the 2024 global wafer fab equipment (WFE) market size has been revised upward from the previous estimate of around USD 100 billion (up 5% year-on-year) to over USD 100 billion.

The Semiconductor Equipment and Materials International (SEMI) forecast report released on July 10 predicts that global chip equipment sales in 2024 are estimated to increase by 3.4% year-over-year to USD 109 billion, surpassing the USD 107.4 billion record set in 2022.

Read more

• [News] Booming GPU and HBM Demand Pushes Japanese Chip Equipment Annual Sales to Record High
• [News] Booming Sales of Japanese Semiconductor Equipment Continue to Break Records, Reportedly Surpassing JPY 300 Billion

(Photo credit: TEL)