In VLSI Research’s latest update, the semiconductor equipment market is projected to hit 89.8 billion dollars in 2020, up 16.6 percent over 2019. In a previous forecast, the market researcher was less bullish, predicting 10.1 percent growth. “We expected to see the market to slow in the fourth quarter. It’s not slowing. The growth is in foundry and memory. Korea is coming back real strong right now,” president Risto Puhakka of VLSI told Semiengineering. For 2021, VLSI is predicting 5.8 percent growth for the equipment market and 8.2 percent growth for the semiconductor market.