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Semiconductor Industry CapEx To Plunge 18% In 2019

Summary:
..spending on chipmaking equipment in 2019 would collapse as concern about a global trade recession, fueled by a deepening trade war, could be imminent.......The industry trade group said sales are expected to drop 18% this year to .7 billion, the first decline in over four years; the trade group initially projected an 8% decline to .6 billion. https://www.zerohedge.com/news/2019-07-12/worldwide-semiconductor-equipment-sales-collapse-2019-no-bottom-until-1q20

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..spending on chipmaking equipment in 2019 would collapse as concern about a global trade recession, fueled by a deepening trade war, could be imminent.......The industry trade group said sales are expected to drop 18% this year to $52.7 billion, the first decline in over four years; the trade group initially projected an 8% decline to $59.6 billion.

Semiconductor Industry CapEx To Plunge 18% In 2019

https://www.zerohedge.com/news/2019-07-12/worldwide-semiconductor-equipment-sales-collapse-2019-no-bottom-until-1q20

 

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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