bearish

Tokyo Electron

Tokyo Electron (8035): Semiconductor Supply Chain at Risk of a Downturn

Equity Bottom-Up
591 Views, 24 Jun 2022 09:46
EXECUTIVE SUMMARY
  • Nanya Technology has warned of a downturn that could last to the end of the year. This follows reports of procurement delays in response to excess inventory at Samsung.
  • Inflation, the Fed's attempt to kill it with higher interest rates, and the growing risk of recession now threaten not only Tokyo Electron but the entire semiconductor supply chain.
  • Record capital spending plans should be fully discounted. Potential delays and cutbacks now put a burden of uncertainty on the sector.
detail (2-minute read)
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Scott Foster
Independent Insight Provider, Japanese equities
LightStream Research
JapanInformation TechnologyEquity Bottom-UpThematic (Sector/Industry)

Securities analyst covering electronics, precision equipment & robotics, engineering, construction, transport and other ... 

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