Fab Investment Outlook Foundry, Memory and LED. Clark Tseng, Sr. Research Manager Industry Research & Statistics, SEMI

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1 Fab Investment Outlook Foundry, Memory and LED Clark Tseng, Sr. Research Manager Industry Research & Statistics, SEMI

2 Outline Fab Investment & Capacity Trend Memory and Foundry Investment Outlook LED Investment Outlook Summary

3 Economic Trends: Worldwide GDP YoY in % World Advanced Economies: Contribution to World in 2012 USA Euro Area: Germany Japan UK Emerging Markets: China India Brazil Source above IMF update July GDP World others IC Insight (Sept 13) Gartner (Aug 13) Henderson (Aug 13) Morgan Stanley (Aug 13) Deutsche Bank (July, 13) World Bank (June, 13) IMF lowered 2013 GDP from 3.6% in Oct 12 to 3.5 in Jan 13 to 3.1% in July 2013 Morgan Stanley lowered from 3.1% to 3% in January 2013 and to 3.1% in August 2013 Some positive indicators: Higher GDP 2014 Higher revenue 2013 & 2014 Better China economy in 2014 Europe debt crisis: improving Housing improving in US 2013 & 2014 Robust auto sales predicted for 2013 Some risk factors Fiscal debt such as in US Eurozone situation Economy in China Turmoil in Middle East Unemployment Consumer sentiment 3

4 Economic Trends: 2014 Semiconductor Revenue Forecasts: As of Sept 2013:

5 Economic Trends: Capex Forecasts Semiconductor Capex Forecasts SEMI (Aug 13) -11% -1.7% 12.0% UBS (Aug 13) -7.0% 0.0% 10.0% Semico (Aug 13) -11.8% 3.9% 10.0% ICInsight (Sept 13) -12.0% -2.0% 9.0% Gartner (Sept 13) -11.9% -6.8% 14.1% Goldman Sachs (Jan 23, 13) -10.0% -10.0% Barclay (Jan 13) -6.0% -15.0% Updates for 2013 or 2014 from Goldman Sachs and Barclay could not be obtained in time

6 Fab Construction Spending

7 Fab Construction Projects Average share of worldwide construction spending excluding 2008 and Americas 15% 31% China 14% 10% Europe & Mideast 10% 5% Japan 20% 10% Korea 16% 14% SE Asia 4% 2% Taiwan 21% 27%

8 2014 to See Stronger Investment Momentum

9 Investment in Fabs (Front End) Construction + Equipping Most (not all) construction spending goes into new facilities.

10 More Capacity Growth in 2014 Source: SEMI World Fab Forecast, Sept. 2013

11 Shift of Capacity Share ~6.6 M 200mm equiv./month ~16.7 M 200mm equiv./month

12 Foundry and Memory Lead Capacity Growth

13 Changing Landscape- Industry Consolidation Numbers may not add up due to rounding

14 Fab Equipment Spending versus Capacity After the downturn, industry spending geared more towards upgrading existing facilities than adding capacity

15 15 Memory and Foundry Investment Outlook

16 Fab Equipment Spending- Driven by Foundry and Memory

17 Both NAND and DRAM See Healthy Growth in 2014 Source: SEMI World Fab Forecast, Sept. 2013

18 Memory Investment by Region Source: SEMI World Fab Forecast, Sept. 2013

19 NAND Flash Capacity Surpassed DRAM in 2012 Source: SEMI World Fab Forecast, Sept. 2013

20 Foundry Investment by Region Source: SEMI World Fab Forecast, Sept. 2013

21 LED Investment Outlook

22 LED Dedicated Fabs Changing LED Landscape Year (begin operation) Total count of LED fabs* Capacity in 4-inch EQs w/m 127, ,400 ~2,700,000

23 LED Fab Capacity by Region, 2013 Worldwide LED Epitaxy capacity to reach 2.36 M in 2013 (4 equivalent per month) Source: SEMI Opto/LED Fab Forecast, Sept. 2013

24 World LED Capacity Trend Source: SEMI Opto/LED Fab Forecast, Sept. 2013

25 LED Wafer Fab Equipment Spending Source: SEMI Opto/LED Fab Forecast, Sept (prelim.)

26 Summary Fab investment is expected to see strong growth in 2014; though number of new fab construction project declines. Overall capacity growth is limited as device makers targeted towards technology upgrades than capacity. Foundries and NAND Flash continue to be the two driving forces of investment in DRAM expects to see some improvement driven by mobile applications. LED investment slows down this year and shall expect new expansion projects from Asia in

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