Bottoming out in H1

Electronics gross sales are projected to develop 10% q-o-q in Q3 , reminiscence gross sales are anticipated to see double digit development and logic gross sales are forecast to be flat, in keeping with the Semiconductor Manufacturing Monitor produced by SEMI and TechInsights.

Nonetheless, excessive inventories will proceed to suppress fab utilisation charges to decrease ranges than these within the first half of 2023 whereas declines in capital tools billings and silicon shipments for the remainder of the 12 months are anticipated.

Sources: SEMI (www.semi.org) and TechInsights (www.techinsights.com), August 2023

“The slower-than-expected demand restoration will delay the normalisation of stock till the tip of 2023, later than we beforehand anticipated, resulting in further reductions in fab utilisation charges within the quick time period,” says SEMI’s Clark Tseng, “nevertheless, latest traits counsel that the worst is over for ICs. We anticipate semiconductor manufacturing will backside in Q1 2024.”

“Whereas semiconductor markets have seen a pointy downturn the final 4 quarters, tools gross sales and fab building have been performing a lot better than anticipated,” says TechInsights’ Boris Metodiev,  “authorities incentives have been driving new fab tasks and robust backlogs have helped tools gross sales.”

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