It's still very warm but there are bears around
- 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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