AI-driven Demand for HBM, DDR5 and Data Storage Lifts Memory Investment Outlook, With Spending Projected to Approach $80 Billion by 2029
MILPITAS, Calif., June 29, 2026 /PRNewswire/ -- Worldwide 300mm fab equipment investment in the memory sector is projected to surpass $50 billion for the first time in 2026, rising 29% to $52 billion before increasing another 11% to $57 billion in 2027, SEMI reported today in its latest 300mm Fab Outlook. The growth reflects continued AI-driven demand for advanced memory, supported by rising investment in AI infrastructure, data centers, and next-generation computing systems.
Looking further out, global 300mm fab equipment spending in the memory sector is expected to grow at a 19% CAGR from 2024 to 2029. Worldwide 300mm memory capacity is also projected to increase, reaching 4.1 million wafers per month in 2026 and 4.2 million wafers per month in 2027.
"Strong demand for high bandwidth memory and other advanced memory technologies is reshaping investment priorities across the semiconductor supply chain," said Ajit Manocha, SEMI President and CEO. "As AI infrastructure expands, memory manufacturers are accelerating investments in both capacity and technology migration to support the next wave of data-intensive applications."
Memory Segment Growth
The 2Q26 edition of the SEMI 300mm Fab Outlook includes an increased projection in 300mm fab equipment spending in the memory sector driven by continued upward capital expenditure plans among leading cloud service providers and strong demand for AI accelerators. DRAM equipment spending is expected to grow 29% to $37 billion in 2026, supported by strong HBM and DDR5 demand for GPUs and other AI accelerators. Equipment spending on 3D NAND is also projected to rise 28% to $14 billion in 2026, supported by increasing data storage requirements tied to AI deployment.
Continued investment in advanced-node DRAM and higher-layer 3D NAND is supporting a stronger memory capacity outlook, which has been revised upward in the 2Q26 edition of the SEMI 300mm Fab Outlook. Effective capacity growth, however, remains moderated by technology migration and process complexity, including advanced-node DRAM, HBM, and higher-layer NAND transitions.
The SEMI 300mm Fab Outlook lists 413 facilities and lines globally. The report reflects 155 updates and addition of 7 new fabs/lines projects since its last publication in March 2026.
For more information on the report or to subscribe, please contact the SEMI Market Intelligence Team at mktstats@semi.org. More details are also available on the SEMI Market Data webpage.
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About SEMI
SEMI® is the global industry association connecting over 4,000 companies and 1.5 million professionals worldwide across the semiconductor and electronics design and manufacturing supply chain. We accelerate member collaboration on solutions to top industry challenges through Advocacy, Workforce Development, Sustainability, Supply Chain Management and other programs. Our SEMICON® expositions and events, technology communities, standards and market intelligence help advance our members' business growth and innovations in design, devices, equipment, materials, services and software, enabling smarter, faster, more secure electronics. Visit www.semi.org, contact a regional office, and connect with SEMI on LinkedIn and X to learn more.
Association Contacts
Sherrie Gutierrez/SEMI Corporate
Phone: 1-831-889-3800
Email: sgutierrez@semi.org
Stephanie Quinn/Bodewell Group (Media Inquiries)
Phone: 1-480-316-8370
Email: squinn@bodewellgroup.com
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SEMI Projects 300mm Memory Equipment Investment to Surpass $50 Billion in 2026
SEMI Projects 300mm Memory Equipment Investment to Surpass $50 Billion in 2026
Nestled at the entrance of Montenegro's UNESCO-listed Bay of Kotor the intimate island sanctuary is housed in a restored 19th-century fortress encircled by sea and sky
HERCEG NOVI, Montenegro, June 30, 2026 /PRNewswire/ -- Banyan Group ("Banyan Tree Holdings Limited" or the "Group" – SGX: B58), an independent global hospitality company, officially unveils Mamula Island by Banyan Tree in its first full season under its flagship Banyan Tree brand, marking Banyan Tree's first resort in Europe.
Set on a secluded islet at the entrance of the UNESCO-listed Bay of Kotor (known locally as Boka Bay), Mamula Island by Banyan Tree is housed in a restored 19th-century fortress encircled by sea and sky, with far-reaching views across the Adriatic. Following its addition to the Banyan Tree portfolio, the 32-room island sanctuary now features the brand's award-winning Banyan Tree Spa, alongside refreshed brand experiences spanning destination-led dining, cultural programming, wellbeing and nature-based discovery.
A Guardian of the Bay of Kotor
Originally built in the 1850s, Fort Mamula once served as a coastal defence fortification at the entrance of the Bay of Kotor. Its seven-year restoration was led by developer Samih Sawiris, in partnership with Lisbon-based MCM Architecture & Design, Montenegrin conservation and architecture studio Projektor, and local heritage authorities.
Interior design was overseen by Piotr Wisniewski and weStudio Berlin, combining mid-century influences, local craftsmanship and bespoke furniture. Across the resort, natural stone, aged brass, solid oak and organic textiles create interiors that are warm, understated and enduring.
The arch, a defining feature of the original fortress, is reinterpreted throughout the resort, including in a custom-made furniture line developed for the hotel. The design also draws on local artisanal traditions, from pottery and joinery to abstract fine art, creating a contemporary retreat grounded in the island and the wider region.
Rooms and Suites Overlooking the Adriatic
The journey to the island begins with a private boat transfer across Boka Bay or a helicopter flight from Dubrovnik or Tivat, with views over Montenegro's coastline and the Adriatic Sea.
The Adriatic is a constant presence throughout the resort, with all rooms and suites offering sea views. Heritage Suites are set within the original fortress structure, preserving stonework and heritage features, while newly built rooms and suites feature contemporary interiors, floor-to-ceiling windows and private terraces. The Heritage Sky Suites have been recognised as "Best Hotel Suite" at AHEAD Awards Europe and ranked among the world's top ten suites.
Dining Across Land and Sea
Dining at Mamula Island by Banyan Tree is shaped by local produce, fresh seafood and the micro-seasonality of the Montenegrin coast. Parasol, set at the heart of the fortress beside three outdoor pools, offers a crudo concept centred on just-caught seafood, while Kamena Restaurant overlooks the Adriatic and highlights land-led flavours and locally harvested ingredients.
Perched on the edge of the island, Celeste offers a relaxed outdoor terrace experience inspired by coastal cooking traditions from Italy, the Caribbean and the Levant. As evening falls, guests can gather at Pinea Bar, an intimate speakeasy-style bar offering handcrafted cocktails and vinyl nights under the stars.
A Restorative Island Journey
Located within the historic fortress tower, Banyan Tree Spa offers a wellbeing experience guided by the brand's 8 Pillars of Wellbeing. Treatments draw on local plants, oils and natural elements, with rituals designed to reflect the island's setting and the restorative qualities of the surrounding landscape.
The spa features an indoor gym, ritual rooms, Finnish and herbal saunas, steam room, halotherapy room, flotation chamber and experience shower. Guests can also experience hydro and weightless therapies, including a meditative float experience, as well as traditional Thai, Javanese Indonesian and Chinese healing therapies, therapeutic bodywork and the brand's signature Royal Banyan treatment.
Beyond the spa, the island offers space for quiet restoration and outdoor discovery. At the northern tip of the island, a serviced beach features sunbeds, individual coves and views towards Herceg Novi, with direct access to the island's natural coastline.
Guests can explore the island, coastline and Luštica Peninsula by kayak, paddleboard, water bike or e-bike. Further afield, curated experiences include Boka Bay, sunrise swims in the Blue Cave, Kotor Old Town, Royal Lovćen and Cetinje, Skadar Lake and the Tara River. Luštica food tours and local discovery experiences connect guests with Montenegro's history, landscapes and coastal life.
Creative and Cultural Programming
Cultural programming is central to the Mamula Island experience. A new Artists-in-Residence programme brings local and regional creatives to the island, with workshops, exhibitions, maker sessions, opera evenings, live music and the Operosa Music Festival offering guests a closer connection to the region's creative community.
Mamula Island by Banyan Tree is also available for full island buyout for weddings, private events and retreats, with a collection of distinctive venues spanning the restored fortress, open-air terraces, gardens, spa facilities and beach.
For more information and reservations, please visit banyantree.com.
For high-resolution images, please download here.
ABOUT BANYAN GROUP
Banyan Group ("Banyan Tree Holdings Limited" or the "Group" - SGX: B58) is an independent, global hospitality company with purpose. The Group prides itself on its pioneering spirit, design-led experiences and commitment to responsible stewardship. Its extensive portfolio spans 100 hotels and resorts, over 140 spas and galleries, and 20 plus branded residences in over 20 countries. Comprising 13 global brands, including the flagship brand Banyan Tree, each distinct yet united under the experiential membership programme with Banyan. The founding ethos of "Embracing the Environment, Empowering People" is embodied through the Banyan Global Foundation and Banyan Academy. Banyan Group is committed to remaining the leading advocate of sustainable travel, with a focus on regenerative tourism and innovative programmes that elevate the guest experience.
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Mamula Island by Banyan Tree Celebrates its Official Debut Season as Banyan Tree's First Resort in Europe
