COVID-19 is expected to disrupt on-going WFE upcycle. Declining semiconductor sales and shipments will reduce demand for Wafer Fab Equipment, which is expected to decline 6.8% in 2020. COVID-19 is not expected to change long-term outlook. 5G, datacenter, and AI are expected to provide long-term growth for WFE reaching $69B in 2024, 5.5% CAGR.
WildPhotons: Put not your trust in money...
WFE Takes a Dip on Sales in Middle of 2020
In a year when sales would have been exceptional