The much-hyped early recovery in the semiconductor equipment industry is starting to look like a mirage.
According to a mid-year consensus forecast survey, industry executives are now pushing recovery in the sector to next year and warn that equipment sales will drop 19 per cent this year.
This forecast, from 50 member companies in the chip equipment industry, predicts that the market will grow 29 percent next year to reach sales of $29.5bn, up from estimated sales of $22.8bn this year.
The industry survey was released last week by a chip equipment trade group, Semiconductor Equipment Materials International (Semi), and discussed yesterday at the industry's annual trade show in San Jose.
The stock market rout is being blamed for the delay in economic recovery and spending on information technology. It has also caused companies to be more fearful about upgrading their manufacturing lines, especially semiconductor companies enmeshed in their own downturn.
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