Chip Capex to Grow 34% in 2021 to Reach Record $152 Billion

Purse strings were wide open this year as worldwide semiconductor capex is on track to surge 34% —  its strongest percentage gain since a 41% increase in 2017 — to $152 billion, according to IC Insights. The $152 billion in outlays this year would represent a new record-high annual amount of spending, surpassing the previous…

Manufacturers’ Capex & Revenue to Expand in 2022

Although U.S. manufacturers are expecting a rise in revenue and capital expenditures in 2022, supply chain constraints will get worse, according to supply managers surveyed by the Institute for Supply Management. Employment is expected to improve but at a higher cost – 73 percent of respondents expect labor and benefit costs to grow by an…

Shortages & Prices Slow U.S. Manufacturing Activity

U.S. manufacturing activity slowed in October as record-long materials lead times, shipping bottlenecks and component shortages took their toll on factories. The Institute for Supply Management’s PMI dipped 0.3 percent to 60.8. last month although long-term demand signals remain robust. “New order levels remain expansive and low-customer inventories are positive for future production,” said Tim…