Market Analysis

Global semiconductor equipment billings grew 19%

Global semiconductor equipment billings grew 19%

Global semiconductor equipment billings increased 19% year-over-year to $30.38 billion in the third quarter of 2024, while quarter-over-quarter billings registered 13% growth during the same period, SEMI announced in its Worldwide Semiconductor Equipment Market Statistics (WWSEMS) Report.

“The global semiconductor equipment market recorded robust growth in the third quarter of 2024 driven by investments aimed at supporting the proliferation of Artificial Intelligence as well as production of mature technologies,” said Ajit Manocha, SEMI President and CEO. “The growth in equipment investments was spread across multiple regions seeking to bolster their chipmaking ecosystems, with North America posting the largest year-over-year gain while China continues to lead in spending.”

Compiled from data submitted by members of SEMI and the Semiconductor Equipment Association of Japan (SEAJ), the WWSEMS Report is a summary of the monthly billings figures for the global semiconductor equipment industry.


Following are quarterly billings data in billions of US dollars with quarter-over-quarter and year-over-year changes by region:

Managing Editor
Paige Hookway is the Managing Editor of Procurement Pro, where she brings over a decade of industry experience to shaping insightful, engaging, and forward-thinking content for the global electronics community. After graduating from the University of Greenwich with a 2:1 in English Literature, Paige blended her love of storytelling with a deep curiosity for technology – carving out a career that champions both innovation and the people behind it. Across her 10+ years in the sector, Paige has developed a strong reputation for uncovering emerging trends, translating complex concepts into accessible insights, and spotlighting the voices shaping the future of engineering. She is particularly passionate about encouraging the next generation of engineers and elevating women in tech narratives that inspire, empower, and drive meaningful change. When she’s not immersed in the latest engineering developments, Paige can be found wrapped up in a blanket with a cup of tea and a good book.