I noted, back on January 31, 2019, in a Seeking Alpha article entitled “KLA-Tencor And Metrology/Inspection Peers Will Be Less Impacted By Memory Capex Cuts Than The Rest Of The Equipment Industry In 2019," that:
“Factors such as massive memory chip oversupply, data center delays, CPU shortages, and sluggish smartphone sales are contributing to an equipment market that could drop more than 15% in 2019.”
On March 27, 2019, I further refined my analysis, noting in a Seeking Alpha article entitled “Semiconductor Equipment Revenues To Drop 17% In 2019 On 29% Capex