[Goldman Sachs Continues to Raise Semiconductor Equipment Cycle Expectations, Predicting Extension to 2028] BlockBeats News, August 25: Against the backdrop of NVIDIA's upcoming earnings report and increased volatility in the AI supply chain, Goldman Sachs has further raised its expectations for the semiconductor equipment cycle. The firm believes that AI demand is extending the current wafer fab equipment (WFE) spending cycle, with global WFE expenditures expected to continue expanding from 2026 to 2028. Goldman Sachs projects that global wafer fab equipment spending will reach $150 billion in 2026, rise to $218 billion in 2027, and further increase to $281 billion in 2028, corresponding to year-over-year growth rates of 36%, 45%, and 29%, respectively. The primary drivers are the expansion of DRAM, HBM, and advanced process node foundry capacities. The report also highlights that the tight supply of DRAM may persist until 2028, which will keep capital expenditures by memory manufacturers at elevated levels.