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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (61040)	2/28/2002 12:18:27 AM
From: advocatedevil	Read Replies (1) \| Respond to of 70976

"IC-equipment sales falls 41% in 2001, but market has finally hit the bottom" Semiconductor Business News (02/27/02 21:54 p.m. EST) SAN JOSE -- The semiconductor equipment market fell a staggering 41% in terms of worldwide sales in 2001 over 2000, but it appears that the business has finally hit the bottom, according to new figures from the Semiconductor Equipment and Materials International (SEMI) trade organization here today. Worldwide sales of semiconductor equipment totaled $28 billion in 2001, representing a year-over-year decline of 41%, according to SEMI of San Jose. "The industry suffered its worst annual decline last year as end electronics markets and capital spending collapsed," said Stanley T. Myers, president and CEO of SEMI. "The magnitude of the downturn was amplified in that it followed the single greatest growth year on record in our industry," Myers said. There is some positive news, however. "The good news is the apparent bottoming of the cycle as order trends have leveled and show slight improvement in the fourth quarter," he said. "The first quarter of 2002 should give an indication of how the year will fare, as historically there is a close correlation between Q1 growth momentum and overall annual growth," he added. While every regional market declined in 2001, Japan fared better than other regions, with billings declining 17% in 2001 to $7.6 billion, compared with $9.2 billion in 2000, according to SEMI. North America, which remained the largest market for semiconductor equipment, dropped 37% to $8.2 billion, down from $12.9 billion posted the prior year, SEMI said. Europe followed in third place, declining 40% to $3.8 billion, compared to $8.4 billion in 2000, they said. Taiwan, the second-largest market in 2000 with sales of $9.3billion, dropped 65% to $3.2 billion. Korea dropped 44% to $2.2 billion from the $3.9 billion in sales posted in 2000. The rest-of-the-world region, including Singapore, Malaysia, China and other Southeast Asia countries, had been the fastest-growing region in 2000 with $5.9 billion in sales. But in 2001, that market declined 48% in 2001 to $3.1 billion. siliconstrategies.com AdvocateDevil