Semiconductor Critical Subsystems Uploads November 22, 2019

    The current positive sales trend is driven by capex from advanced logic and foundry end users. However, orders for many subsystems are currently still below what would be expected given the order activity at the OEMs. This implies there are inventories of critical subsystems yet to be worked out of the system. The consensus is that we are close to clearing these legacy inventories which means critical subsystems orders should start to pick up quickly towards the end of the year.

    - Critical Subsystems Forecasts v19.11 ML DF

    - Semiconductor, FPD, LED, and PV Equipment Forecasts v19.11 ML DF

    - Substrate Processing Equipment: V19.11 ML DF

    - CSubs Graphics File: 22 November 2019 ML DF

    ML: Market Leader
    DF: Driving Forces

    https://www.vlsiresearch.com/public/csubs/