Semiconductor Industry CapEx To Plunge 18% In 2019

..spending on chipmaking equipment in 2019 would collapse as concern about a global trade recession, fueled by a deepening trade war, could be imminent…….The industry trade group said sales are expected to drop 18% this year to $52.7 billion, the first decline in over four years; the trade group initially projected an 8% decline to $59.6 billion.