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Forecast: Semiconductor Capital Spending, Worldwide, 1Q19 Update


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Summary

In 2018, record profits and positive cash flows for memory producers drove capex by 10.6% to surpass $100 billion for the first time. A major correction will occur in 2019, with capex going down by 18% followed by a 3% drop in 2020, as memory pricing, profits and cash flows return to normal levels.

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