MILPITAS, Calif. – June 5, 2024 – Global semiconductor equipment billings contracted 2% year-over-year to US$26.4 billion in the first quarter of 2024, while quarter-over-quarter billings dropped 6% during the same period, SEMI announced today in its Worldwide Semiconductor Equipment Market Statistics (WWSEMS) Report.
“Despite the slight dip in global semiconductor equipment billings, our industry remains strong and resilient,” said Ajit Manocha, SEMI President and CEO. “Strategic investments and demand for advanced technology will catalyze the semiconductor equipment market’s return to growth.”

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 U.S. dollars with quarter-over-quarter and year-over-year changes by region:

The SEMI Equipment Market Data Subscription (EMDS) provides comprehensive market data for the global semiconductor equipment market. The subscription includes three reports:
- Monthly SEMI Billings Report, a perspective on equipment market trends
- Monthly Worldwide Semiconductor Equipment Market Statistics (WWSEMS), a detailed report of semiconductor equipment billings for seven regions and 24 market segments
- SEMI Semiconductor Equipment Forecast, an outlook for the semiconductor equipment market
Download a sample of the EMDS report.
For more information about the report or to subscribe, please contact the SEMI Market Intelligence Team at [email protected]. More details are also available on the SEMI Market Data webpage.
About SEMI
SEMI® is the global industry association connecting over 3,000 member companies and 1.5 million professionals worldwide across the semiconductor and electronics design and manufacturing supply chain. We accelerate member collaboration on solutions to top industry challenges through Advocacy, Workforce Development, Sustainability, Supply Chain Management and other programs. Our SEMICON® expositions and events, technology communities, standards and market intelligence help advance our members’ business growth and innovations in design, devices, equipment, materials, services and software, enabling smarter, faster, more secure electronics. Visit www.semi.org, contact a regional office, and connect with SEMI on LinkedIn and X to learn more.
Association Contact
Michael Hall/SEMI
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Themed Materials Resilience: Navigating Challenges, Embracing Opportunities, SMC Korea 2024 will feature 14 global visionaries presenting on topics including advanced materials, technology trends, sustainability and market forecasts to approximately 400 semiconductor industry professionals.
“With semiconductor manufacturers investing heavily in new fabs backed in part by government incentives, SEMI projects the global industry will need 1 million new workers worldwide by 2030 to support the chipmaking expansion,” said Shari Liss, Executive Director of the SEMI Foundation, which drives the SEMI Workforce Development program. “Technicians are in the highest demand, accounting for roughly 40% of the semiconductor workforce worldwide. The SEMI University Certification Program will help meet the industry’s pressing need for a diverse range of training and certification programs to close the talent gap.”
The ECS Academy, funded through the Erasmus+ program, aims to foster dialogue, strategic planning, and actionable steps to help grow the microelectronics industry workforce.
“SEMI applauds the U.S. Department of Commerce for its continued investments to fortify the domestic semiconductor supply chain,” said Joe Stockunas, President of SEMI Americas. “This proposed CHIPS Act funding for Polar Semiconductor is part of more than $525 million in investments by the company and state, local and private entities to help meet growing demand for sensor and power chips used in a diverse range of applications and markets – from automotive and home appliances to industrial robotics. We congratulate the company on this important step forward for its foundry business.”
hipments of high-performance computing (HPC) chips increase and memory pricing continues to improve. IC inventory levels stabilized in Q1 2024 and are expected to improve this quarter.
