It's still very warm but there are bears around

Andrea Lati
Andrea Lati
  • Order activity for semiconductor equipment continued to trend lower, slipping to 83 degrees
  • Activity in SOC Mobile, SOC Compute, and DAO is holding up well as equipment suppliers catch up with customers’ CapEx plans
  • The strength of spending at the Foundries/Adv. Logic and DAO will more than offset the weakness in Memory and keep the overall equipment market growing in 2022
  • The equipment forecast for 2022 was lowered from 13% to 10% as supply constraints continued to limit growth
  • The IC forecast for 2022 was also lowered from 13% to 7% due to a bigger-than-expected correction in the Memory market in 2H22
  • Because the market correction is happening faster, and at a great clip, we now expect both equipment and ICs to decline by 5% and 4%, respectively in 2023
  • TechInsights’ Chip Price Performance Index remains in a free-fall state, signaling more weakness ahead
    • DRAM tumbled
    • NAND crashed
    • MPUs declined
  • Semiconductor Inventories are hitting critical levels

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