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home / news releases / SSNLF - Semiconductor Equipment Downturn Will Continue Through H1 2024

SSNLF - Semiconductor Equipment Downturn Will Continue Through H1 2024

Samsung Electronics Co Ltd

2024-01-29 09:28:21 ET

Summary

  • Semiconductor equipment revenues decreased less than expected in 2023, as a memory downturn pushed 2022 sales into 2023.
  • Imports of equipment used in chip production in China surged by 14% in 2023, reaching nearly $40 billion, pulling in sales from 2024.
  • I estimate the semiconductor equipment market will increase 1% in 2024. Growth will be negative in the first half followed by an uptick in second half.

I first wrote about a possible semiconductor equipment downturn in a June 24, 2021 Seeking Alpha article entitled “ Applied Materials: Tracking A Likely Semiconductor Equipment Meltdown In 2023. ”...

For further details see:

Semiconductor Equipment Downturn Will Continue Through H1 2024
Stock Information
Company Name: Samsung Electronics Co Ltd
Stock Symbol: SSNLF
Market: OTC
Website: samsung.com
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