In today’s briefing:
- Semiconductor WFE. China Spending Spree Offsets Memory & Logic Declines
Semiconductor WFE. China Spending Spree Offsets Memory & Logic Declines
- Q2’23 revenues for the top 5 WFE players amounted to ~$22 billion down ~10% QoQ and essentially flat YoY.
- While WFE spending as a whole will decline 20% YoY, ASML & AMAT are outperforming, LRCX & TEL are underperforming with KLAC somewhere in between.
- Increased China WFE spending on legacy tools is helping offset ongoing declines from memory and Logic/Foundry
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