Chip Gear Makers Brace for Prolonged Semiconductor Demand Slump
- ASMI cut its revenue forecast for the second half of year
- Orders declined at chip equipment makers in first quarter
Photographer: Jasper Juinen/Bloomberg
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Chip equipment makers are warning of a slump in demand for global electronics after orders declined in the first quarter, reflecting growing economic uncertainty around the world.
Semiconductors are facing a slowdown in orders from some customers in the chip market, as rising interest rates and surging inflation dents consumer sentiment. Earnings reports from producers of gear used to manufacture chips, which are essential for everything from smartphones to medical equipment, suggest the trend may continue.