Chip-Equipment Makers Brace for Sales Decline on Memory Slump

(Nikkei Asia) — Seven out of the nine top chipmaking equipment manufacturers are likely to log a sales decline in the current quarter as client companies rein in capacity investment in the face of a worsening semiconductor market. 

But despite the downbeat forecast, their stock prices have been on the rise, reflecting investor hopes for generative artificial intelligence and the bottoming out of the market.