In today’s briefing:
- Semiconductor WFE 2023 In Review, 2024 Outlook
- GEMWeekly (1 Mar 2024): China, India Macro; Ant, Alibaba, NetEase, Reliance Industries
Semiconductor WFE 2023 In Review, 2024 Outlook
- 2023 WFE revenues amounted to $93 billion, representing a YoY decrease of just ~1%. Most had expected a 20% YoY decline at the start of last year
- We forecast 2024 WFE revenues to grow modestly by around 5% YoY
- China’s WFE spend in 2023 was ~1.5x Taiwan & ~2x Korea
GEMWeekly (1 Mar 2024): China, India Macro; Ant, Alibaba, NetEase, Reliance Industries
- The Global Emerging Markets Weekly summarizes the key news and related developments impacting the largest countries and constituents of the Global Emerging Markets equity indices.
- Macro data points: China PMI data, India GDP growth data
- Companies mentioned:Ant Group (6688 HK), Alibaba Group Holding (9988 HK), NetEase (9999 HK), Reliance Industries (RIL IN)
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