[Goldman Sachs Raises 2026-2028 WFE Market Forecasts, Driven by DRAM and Foundry Demand]
According to TrendForce Research, Goldman Sachs' August 23 report raised its forecasts for the wafer front-end equipment (WFE) market in 2026, 2027, and 2028 to $150 billion, $218 billion, and $281 billion, respectively. DRAM and advanced process foundry demand are the primary drivers, with Samsung and SK Hynix's capital expenditure forecasts revised upward by 22% and 19%, respectively, and TSMC's annual capital expenditure increased by $8 billion. The $16.8 billion initial phase equipment investment pledged by SpaceX and Tesla for Terafab has also been included in the WFE forecast. Goldman Sachs highlights Applied Materials, Lam Research, ASML, Tokyo Electron, ASMI, BESI, Lasertec, and Ebara as key recommendations.
