July 18, 2012 -- IC Insights’ latest survey and ranking of the major semiconductor capital spenders shows that only 6 of the 35 major semiconductor suppliers -- Intel, Samsung, Hynix, TSMC, UMC, and Rohm -- with significant capital expenditure budgets are expected to spend more in 2012 than they did in 2011.
Though only six companies are expected to increase their capital spending this year, the total semiconductor capital spending forecast figure for 2012 was raised to $63.3 billion from an earlier estimate of $60.7 billion; total 2012 semiconductor industry capital expenditures are now forecast to decline only 3% this year as compared to the previous expectations of an 8% decline.
Table 1. Major capital spenders planning 2012 increases in capex. SOURCE: IC Insights, company reports.
2012F |
Company |
2011 ($M) |
2012F ($M) |
12/11 change (%) |
1 |
Intel |
10,764 |
12,500 |
16 |
2 |
Samsung |
11,755 |
13,100 |
11 |
3 |
TSMC |
7,333 |
8,250 |
13 |
4 |
Hynix |
3,165 |
3,680 |
16 |
5 |
UMC |
1,585 |
2,000 |
26 |
6 |
Rohm |
385 |
685 |
78 |
-- |
Total |
34,987 |
40,215 |
15 |
-- |
Others |
30,568 |
23,055 |
-25 |
-- |
WW Total |
65,555 |
63,270 |
-3 |
The six major companies that plan to increase semiconductor capital spending this year are expected to collectively spend about $5.2 billion more in 2012 than in 2011. In contrast, the total of the remaining capital spending outlays are forecast to decline by about $7.5 billion this year.
With an increase of $1.7 billion, Intel is expected to post the biggest dollar increase in capex spending for 2012, though it is likely to trail Samsung in overall capex spending for the year.
A few of the major outsourced semiconductor assembly and test (OSAT) companies also plan to significantly increase capital spending this year. IC Insights believes that these increased spending budgets by some of the major OSAT companies indicates their belief that semiconductor unit volume shipments will be on the rebound this year.
Table 2. Major capital spenders in the OSAT sector planning 2012 capex increases. SOURCE: IC Insights, company reports.
Company |
2011 ($M) |
2012F ($M) |
12/11 change (%) |
Amkor |
493 |
550 |
12 |
SPIL |
376 |
585 |
56 |
STATS ChipPAC |
304 |
400 |
32 |
Total |
1,173 |
1,535 |
31 |
IC Insights will examine and provide further details on semiconductor capital spending in its 250+ page Mid-Year Update to The McClean Report, scheduled for release at the end of July. To review additional information about IC Insights’ new and existing market research products and services, visit: www.icinsights.com.
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