Semiconductor Intelligence (SC-IQ) estimates semiconductor capital expenditures (CapEx) in 2024 were $155 billion, down 5% from $164 billion in 2023. Our forecast for 2025 is $160 billion, up 3%. The increase in 2025 is primarily driven by two companies. TSMC, the largest foundry company, plans between $38 billion and $42 billion in 2025 CapEx. Using the midpoint, this is an increase of $10 billion or 34%. Micron Technology projects CapEx of $14 billion for its 2025 fiscal year ending in Augu...
