Record global chip equipment spending offers major boost to India’s semiconductor ambitions: SEMI

New Delhi [India], July 14 (ANI): Global spending on semiconductor manufacturing equipment is set to hit a record USD 165.9 billion in 2026, marking a 23.2 per cent increase over the previous year, according to SEMI’s Mid-Year Total Semiconductor Equipment Forecast. The sustained surge in investments, driven by artificial intelligence (AI) and advanced chip technologies, is expected to create significant opportunities for India’s rapidly expanding semiconductor ecosystem.