半导体资本设备-2025 年第四季度晶圆厂设备更新，DRAM 设备新范式-Semiconductor Capital Equipment-4Q'25 WFE update, New DRAM WFE Paradigm

December 1, 2025 09:05 PM GMT Semiconductor Capital Equipment 4Q'25 WFE update, New DRAM WFE Paradigm We revise up our 2026/27 WFE market forecast from +11%/+7% to +11%/+13% driven by DRAM and TSMC. We see two very strong years of growth. What's Changed? We leave our 2026 forecast largely unchanged at $129bn (up 11% y/y) and revise up our 2027 forecast from $137bn (up 7%) to $145bn (up 13%). For 2026 we revise up foundry logic by $1bn and revise down NAND by $1bn, while for 2027 we revise up DRAM by $5bn, f ...