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Forecast: Semiconductor Wafer Fab Equipment, Worldwide, 1Q20 Update

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Aggressive spending by leading edge players toward the end of 2019 in anticipation of strong demand for 5G blunted the cyclical correction for WFE, resulting in a decline in WFE spending by only 5.9% in 2019. COVID-19 pandemic will lead to a further decline by 14.9% in 2020 to around $47.2 billion.


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