TechInsights: Semiconductor equipment makers face revenue downturn in Q2 2023; market expects to recover in Q3

According to a report by SEMI Japan and TechInsights, seven out of nine major global semiconductor equipment manufacturers experienced falling revenue in the second quarter of 2023, impacted by the downturn in the semiconductor industry. However, the reports suggest that contraction in the global chip industry has started to ease in the second quarter, with the market expected to gradually recover from the third quarter onwards.