DRAM Leads the Memory Pricing Rebound
Order activity for semiconductor equipment increased to 63 °F as customers are increasing their spending late in 2023. SMIC raised its capital expenditures guidance for this year to accelerate the delivery of semiconductor capital equipment. TEL also boosted its outlook for WFE sales this year. This increase is being driven by China’s investment in mature node processes which is offsetting the weakness TEL is experiencing in leading-edge nodes and foundry investments. Memory activity continues to increase from frigid levels as the inventory burn-off continues and pricing pressure is easing. Consumer and Mobile are increasing due to inventories returning to a more balanced level and the upcoming holidays driving up demand. On the other hand, DAO continues to feel pressure from the slowing auto and industrial segments.
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