Semiconductor manufacturing equipment market also booms…Global companies raise earnings expectations

Rising AI chip demand drove Lam Research and Tokyo Electron to record their strongest quarterly results on record.

Both companies raised their wafer-fab equipment market outlooks for this year and next, citing AI investment and new fab expansions.

Industry expectations for the global semiconductor equipment market have been lifted to about $150 billion this year.

The outlook signals stronger spending across HBM, DRAM, foundry and other key semiconductor segments.