TechInsights

Speaking to nearly 300 executives gathered at the Industry Strategy Symposium (ISS) 2022 in early April, Inna Skvortsova, Market Analyst on the Market Intelligence Team at SEMI, presented upbeat industry forecasts for 2022 and beyond.

Over the past 5 years, suppliers of chillers have shined as standout performers. These cooling systems get little attention, yet revenues have more than doubled, clocking a compound annual growth rate of 22% to reach $635 million in 2021, way above industry average growth of 13.3%.