Semi capex wil fall 15% this year and 5% next year, says IC Insights. Figure 1 (below) shows the annual capital spending changes from 1983 to 2020. Over the past 34 years, there have been six periods when semiconductor industry capital spending declined by double-digits rates for one or two years (1985-1986, 1992, 1997-1998, 2001-2002, ...

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