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Bank of America Boosts US Semiconductors Outlook to 18%
Bank of America has raised its forecast for the growth of the U.S. semiconductor industry to an average annual rate of 18% between 2026 and 2030, up from its previous estimate of 14%. The total market is expected to reach $3.2 trillion by 2030, an increase from the earlier projection of $2.7 trillion, driven mainly by the memory and data center sectors, along with a recovery in the automotive and industrial sectors. The bank also upgraded its outlook for semiconductor manufacturing equipment, expecting demand for DRAM (Dynamic Random-Access Memory) manufacturing equipment to grow, with spending reaching $61 billion in 2026 and $85 billion in 2027. The manufacturing equipment market is projected to grow to $360 billion by 2030 at a compound annual growth rate (CAGR) of 23%. These forecasts indicate sustained strong demand from data centers and artificial intelligence sectors, with stable memory prices.
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