CITIC Securities: Global wafer manufacturing equipment market expected to grow by 26% by 2026

Golden Ten Data reported on June 22 that a research report from CITIC Securities indicated that, benefitting from active capital expenditure and expansion plans by major downstream clients, demand for semiconductor equipment is expected to remain strong. It is estimated that the global wafer fabrication equipment (WFE) market size will increase by 26% and 35% year-on-year in 2026 and 2027, reaching 147.8 billion and 199.5 billion US dollars, respectively, with memory devices accounting for an even higher proportion. Considering the gradual release of equipment capacity and the iteration of new products, semiconductor equipment manufacturers may see an improvement in bargaining power. Taking into account downstream market demand, competitive landscape, equipment expenditure intensity, company performance, and valuation, it is recommended to pay attention to related securities.