Caution prevails as dark clouds linger

Shereen Vaux

• Order activity for semiconductor equipment dropped to a chilly 48
  • SOC Mobile and Digital Consumers dropped a degree in cool conditions
  • Memory activity is stuck at freezing levels
• Many Semiconductor companies have been reporting elevated inventory levels and the data supports this claim
  • Particularly for the memory manufacturers
• Many manufacturers are expecting 1Q23 will be the peak for inventory levels
  • This expectation will rely heavily on consumer sentiment to boost demand
• TechInsights’ CPPI slipped last week
  • DRAM slipped
  • NAND flat
  • MPUs flat
• Inventory to Billings ratio is soaring