NAND spot prices led the decline last week
Shereen Vaux
Order activity for semiconductor equipment slipped a degree to a frigid 43°, with memory and subcons slipping further. March results are in for the Taiwanese companies and it’s clearly still cold out there. TSMC had a YoY decline for the first time since May 2019. TechInsights' CPPI extended its decline, slipping another 0.3 points in the first week of April with NAND leading the decline this time. Production is coming down to alleviate the oversupply.
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