Wafer fab equipment market to reach $ 94 billion in 2023, down by 8.2% compared to 2022

Yole Intelligence reported that the total revenue for wafer fab equipment (WFE) is anticipated to undergo an -8.2% reduction, declining from US$104 billion in the calendar year 2022 to US$94 billion in the calendar year 2023. The key points made by Yole includes: Q2 2023 performance of wafer fab equipment casts doubt over the entire semiconductor supply chain. The total revenue for WFE is anticipated to undergo an -8.2% reduction, declining from US$104 billion in CY2022 to US$94 billion in the CY2023. Q2 2023 witnessed a 9% quarter-over-quarter decline, while Q3 2023 appears to have stabilized at 0%. This downward trend is accompanied by a gradual decrease in order intake with each passing quarter. Other details shared by Yole: After the first quarter of 2023, the second quarter of 2023 witnessed a 9% quarter-over-quarter decline, while the third quarter of 2023 appears to have stabilized at 0%. This downward trend is accompanied by a gradual decrease in order intake with each passing quarter. Nevertheless, Yole Intelligence’s analysts project a new normal of very high quarterly revenues in the range of US$20 billion to US$25 billion, and they are hopeful that the decline has reached its lowest point. The primary cause of this decline can be attributed to memory chip manufacturers delaying or even canceling orders, despite long lead times for equipment. Equipment s...