Semiconductor companies will invest the record sum of around $44bn in production equipment worldwide this year.
Data collected by global trade association Semiconductor Equipment and Materials International (SEMI) reveals the expected expenditure which includes a $3.2bn spend in Europe.
European semiconductor production material spend is projected at $3.3bn, with the first quarter of 2011 already seeing investments of $1.27bn in Europe – a considerable increase compared to the same period of the previous year.
"We expect the companies to spend some $41bn on new equipment, procedures and processes in 2012 as well," said Christian Gregor Dieseldorff, senior analyst at the SEMI industrial research and statistics group.
Global wafer production capacities are expected to grow by about 9 per cent this year, and by another 7 per cent next year due to expected continuous high demand.
Capacities of 300 mm wafers are likely to rise by 23 per cent throughout Europe this year and 14 per cent in 2012.
The optimism in the industry is further underlined by exhibitors registered for SEMICON Europa, the leading European trade fair in the semiconductor industry.
Leading companies around the world will present their latest achievements in the field of organic and printed electronics and photovoltaics as well as new types of displays and lighting at the accompanying 7th Global Plastic Electronics Conference.
Find out more about trade fair SEMICON Europa 2011