Bank of America sees US semi industry doubling in four years

BofA raised its semiconductor market growth forecast to 18% CAGR in 2026-2030 and expects a $3.2 trillion market by 2030. Drivers are memory and data center components; its 2026 fab equipment spending forecast was raised to $156 billion.

• Semiconductor market to reach $3.2 trillion by 2030 at 18% CAGR
• Fab equipment spending in 2026 at $156 billion, up 33% year on year
• DRAM equipment spending: $61 billion in 2026 and $85 billion in 2027
• SEMI expects WFE sales to grow 23.1% to $143.9 billion in 2026