In the third quarter of 2024, Korea's semiconductor equipment billing was the only country among the comparison countries to record 0% growth compared to the previous quarter, showing stagnant growth.

SEMI, an industry association representing the global electronics industry supply chain, announced that global semiconductor equipment billing in the third quarter of 2024 was $30.38 billion, up 19% year-over-year and 13% from the second quarter of this year.

Korea's total increased by 17% year-on-year to $4.52 billion, but remained flat compared to the previous quarter at 0%. In terms of amount, it ranked third, following China and Taiwan.

China maintained its undisputed top spot with $12.93 billion, up 17% year-on-year and 6% quarter-on-quarter.

Taiwan surpassed Korea to take second place, with $4.69 billion, up 25% year-on-year and 20% quarter-on-quarter.

North America saw a clear increase in investment in the US, with $4.43 billion, up 77% year-on-year and 85% quarter-on-quarter.

Japan recorded $1.74 billion, and Europe $1.05 billion.

“The global semiconductor equipment market is expected to see robust growth in the third quarter of 2024, driven by the proliferation of AI,” said Ajit Manocha, CEO of SEMI. “Investments in semiconductor equipment are on the rise across regions to further strengthen the semiconductor manufacturing ecosystem, with North America in particular showing strong growth, while China is leading semiconductor equipment investment in terms of scale.”