Order activity increased for the first time this year
Order activity for semiconductor equipment increased for the first time this year to 40°. The increase was driven by Other SoC, which jumped nearly 4°. Generative AI has been gaining a lot of traction this quarter as underlined by Nvidia’s outlook. The company raised their guidance by a whopping $4B for 2Q23 thanks to strong demand from cloud service providers (CSPs), who have shifted their spending profile to AI-based servers. As a result, Logic sales are expected to fare better in 2023.
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