Transportation of semiconductor manufacturing equipment, which had been sluggish, is beginning to show signs of recovery. Since the fall of 2019, investment in advanced processes for foundries and logic semiconductors has been favorable, and shipments to TSMC in Taiwan and Intel in the US have been strong recently. Memory semiconductor prices, which had been declining, are also showing signs of recovery, and the view that the market is likely to bottom out is widespread in the semiconductor industry. If memory investment, which has stagnated due to the effects of the US-China trade dispute, begins to move in earnest, semiconductor device exports will gradually gain momentum. When the return to China returns, the TC3 air cargo market is likely to see light.