Recovery in both semiconductors and equipment has begun from lows reached in early 2009. However, as shown below, semiconductor sales (dotted line) are nearly back to where they were in September 2008 when the downturn in the industry started. Revenue in October 2009 was down only 5.5% from the September 2008 level.On the other hand, semiconductor-equipment sales in November 2009 are down 42.3% from levels reached in March 2008, the start of the downturn in the equipment market.
Chip Industry Underspending
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