India, June 27 -- SEMI reported findings from its latest 300mm Fab Outlook report. The report shows global front-end semiconductor suppliers are accelerating expansion efforts to support the surging demand for generative AI applications.

According to the 300mm Fab Outlook report, the global semiconductor manufacturing industry is expected to maintain strong momentum, with capacity projected to grow at a compound annual growth rate (CAGR) of 7% from the end of 2024 through 2028, reaching a record high of 11.1 million wafers per month (wpm).

A key driver of this growth is the continued expansion of advanced process capacity (7nm and below), which is expected to increase by approximately 69% - from 850,000 wpm in 2024 to a historic high of...