COVID-19 is expected to disrupt expected 2020 assembly equipment upcycle. Declining semiconductor sales and shipments will reduce demand for assembly equipment, which is expected to decline 7.9% 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 $4.4B in 2024, 7.7% CAGR
WildPhotons: Grit is often...
Assembly Equipment Demand Negative IC unit demand pulled 2019 sales lower, growth in 2020
Assembly equipment sales were already substantially below IC unit trend
This low level is creating a capacity shortfall that will be filled
2020 lower sales will create an even larger capacity shortfall
Creating sharp recovery once economy and consumer demand returns to normal