There's still plenty of light but it's cooling and clouds loom...
- Order activity for semiconductor equipment tumbled five points in the last week of June as chipmakers continued to grow increasingly cautious about their near-term prospects
- The macroeconomic environment has deteriorated over the last few months as Central Banks tighten the money supply to reign in surging inflation
- Consumer electronics demand in particular has been falling considerably due to high inflation, which is eroding consumers’ purchasing power
- The memory market is finally entering into an inventory correction phase, which will weigh on ASPs and sales in the coming quarters
- As a result, much of the capex will be technology-upgrades related rather than capacity-expansion related
- TechInsights’ Chip Price Performance Index continued to lose ground at a rapid rate
- DRAM fell
- NAND tumbled
- MPUs fell
- Inventories are building up
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