Near-term order visibility remains limited as caution drives decision making

Shereen Vaux

Order activity for semiconductor equipment held at a chilly 43 °F as customers remain cautious because of the macro headwinds and slow inventory burn off. Although the June data for the Taiwanese companies showed an overall improvement from May, the yearly comparisons remain challenging. Despite the yearly declines remaining at high levels, they are starting to show improvements. We expect this trend to continue as the yearly comparisons become more favorable with the slowdown starting in 2H22 and the memory IC bottom behind us.