Jun 9, 2023 /SemiMedia/ -- According to SEMI's latest report, global semiconductor equipment sales in the first quarter of 2023 increased by 9% year-on-year to US$26.8 billion, but fell by 3% quarter-on-quarter.

“Semiconductor equipment revenue in the first quarter was robust despite macroeconomic headwinds and a challenging industry environment,” said Ajit Manocha, SEMI president and CEO. “The fundamentals remain healthy for the long-term strategic investments needed to support major technology advancements for AI, automotive, and other growth applications.

For more information about the report, please visit SEMI’s Market Data webpage.