AFI’s Handelsman issues warning for IC sector

Moshe Handelsman, president of AFI, told semiconductor and capital equipment executives at this week's Industry Strategy Symposium in Pebble Beach, CA, that his firm's short-term IC market forecast shows there “might be a major correction in the near future.” The equipment business would be affected by such a correction with a lag of one to two quarters, he said. In his short-term forecast, Handelsman sees a slowdown in capacity utilization, and says front-end and test equipment shipment growth will slow down by the end of this year.

Applied Materials announced that it has reached a definitive agreement to acquire Etec Systems, Inc., Hayward, CA, in a stock-for-stock merger.


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