All eyes are focused on 2023

Andrea Lati

• Order activity for semiconductor equipment resumed its decline, slipping 1.1 points in the first week of June
• Despite the pullback, order activity remains robust and is pointing to continued expansion ahead
• With the backlogs hovering at all-time highs and bookings stretching into 2023, the equipment market has plenty of runway left
• The semiconductor market is also flying high but it’s beginning to encounter some air pockets, especially in the Memory market where bit shipments are slowing
• Memory pricing has been holding up so far mainly because chipmakers and electronics OEMs continue to build inventory
• TechInsights’ Chip Price Performance Index continued to trend lower, but at a slower rate
  • DRAM declined
  • NAND declined
  • MPUs declined
• Inventories remain elevated