Semiconductor sales declined last week compared to the previous year as rising prices failed to offset falling unit sales. The semiconductor sales forecast for the first quarter of 2020 increased only 4% compared to the previous year due to the negative impacts of the COVID-19 outbreak. Semiconductor stock indices plunged over 10% amid broad market declines driven by coronavirus fears.

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Chip Market Research Services
Flying into a headwind
• Order activity for semiconductor equipment extended its decline
for the fourth straight consecutive week amid mounting worries
of flattening demand and supply disruptions
• IC Inventory Levels
Semiconductor Analytics
Semi Market results from last week:
Semiconductor sales dove deep
Semiconductor Sales Nowcast: 1Q20/1Q19
Caught an infection, declining to +4%
– Semiconductor Weather1 Report:
COVID-19 Flu Chills
– IC Supply-Demand2 Metrics:
Returned to Balanced
– Electronics Price Trend: Bottoming
Overall Semi Sales Status Trend:
Peaked: Mar 18 Cold with Dark Clouds: Sep 18 Freezing: Nov 18 Frozen: Jan 19
Freezing: Mar 19 Cold: May 19 Cool: July 19 Temperate: Oct 19 Sunny: Nov 19
Warm: Dec 19 Flu Chills: Feb 28
Chip History Center
Applied Materials introduces Producer wafer fab
system: Applied Materials’ introduction of the Producer®
in July 1998, marks an important turning point in the
history of the semiconductor industry…
The Chip Insider’s original review of Applied
Materials' Producer: a new revolution is upon us …
Semiconductor Stocks
• VLSI Semiconductor Stock Indices plummeted as
Coronavirus fears intensified
• Semiconductor Stock Index plunged as the selloff
accelerated
• Semiconductor Equipment Stock Index tumbled with
all companies finishing deep in the red
• EDA Stock Index fared the best in a rough week
• Electronics Materials Stock Index was hit the hardest
• Hottest Stocks: Qualcomm, Intel, Cadence, JCET,
Xilinx, and Kulicke & Soffa
Semiconductor WEEK: March 13, 2020
An overview of results and conclusions from recent reports at VLSI

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The Chip Insider®'s Graphics File
February 2020
Flying into a headwind
This issue contains the latest forecast.
Call us to access more details
• Order activity for semiconductor equipment extended
its decline for the fourth straight consecutive week
amid mounting worries of flattening demand and
supply disruptions
• The latter segment has short lead times and
significant exposure to China
• The Chip Price Performance Index (CPPI) surged 2.7
points
Forecast as of February 2020: 2019 2020
Semi Equipment ($B): 76.1$ 81.8$
Sequential Change -9.0% 7.5%
Capacity Utilization: 84.5% 89.1%
ICs ($B): 352.3$ 382.5$
Sequential Change -13.4% 8.6%
IC Units (BU): 299.4 321.5
Sequential Change -6.0% 7.4%
Electronics ($B) : 2,122$ 2,237$
Sequential Change -2.0% 5.4%

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The Chip Insider® Graphics
IC Inventories are rolling
over
IC Inventory Levels: chart gives rolling averages for semiconductor
integrated circuit inventories held at OEMs, in Die Banks, and the total
Inventory-to-Billing Ratio

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Semiconductor Analytics
Last Week in the Semiconductor Market:
Overall Semi Sales Status Trend:
Peaked: Mar 18 Cold with Dark Clouds: Sep 18 Freezing: Nov 18 Frozen: Jan 19
Freezing: Mar 19 Cold: May 19 Cool: July 19 Temperate: Oct 19 Sunny: Nov 19
Warm: Dec 19 Flu Chills: Feb 28
W/W:Week-over-WeeksequentialgrowthW/Q:Week-over-QuarterW/Y:Week-over-Year
1: Measures Order Activity 2: Measures Pricing Power
4
Thank you for supporting us through this last issue
of 2018. Semiconductor Analytics will return
January .
Semiconductor sales dove deep under 2019 levels
last week as the rise in prices failed to break the fall
of units, which caught pneumonia from COVID-
19. COVID-19 finally infected the Semiconductor
Nowcast, hitting DRAM, NAND, and Auto ICs hard.
Semiconductor Sales Nowcast: 1Q20/1Q19
Caught an infection, declining to +4%
Semiconductor Weather1 Report:
COVID-19 Flu Chills
IC Supply-Demand2 Metrics:
Returned to Balanced
Electronics Pricing Trend: Bottoming

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2019 Semiconductor Market Drivers
5
• Coronavirus has had a deep negative
impact on Integrated Circuit sales in
the first 2 weeks of February
• Certainties:
– Coronavirus Pandemic
– China Slowdown
– 5G: Smartphone, Auto, Industrial
– Win 7 EoL refresh
– 7/10nm and 5/7nm demand ramps
– Memory Price Elasticity
• Uncertainties:
– Federal Reserve pulling punchbowl from
party in January
– 2020 Elections in U.S.

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semiStockWEEK: VLSI's Semiconductor Stock Indices plummeted along with the
market as Coronavirus fears intensified.
Semiconductors -12%, Equipment -14%, EDA -5%, Electronic Materials -16%.

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Semiconductor Stocks:
Weekly Growth and Forward P/E Ratios by Company
VLSI’s Semiconductor Stock Index
plunged 11.6% amid broad market
selloff
IDM -14.3%
Foundry & OSAT -11.5%
Fabless & Fablite -10.9%
AMD AMD Analog Devices ADI AmkorAMKR
ASE ASX Broadcom AVGO IBM IBM
Infineon IFNNY.PK Intel INTC JCET600584.SS
Kingpak Technology6238.TWO
Micron Technology MU
On Semiconductor ON Panasonic PC
MagnaChip Semiconductor MX Maxim MXIM
MaxLinear MXL MediaTek 2454.TW
NVIDIA NVDA Qualcomm QCOM
Samsung Electronics 005930.KS Silicon
Laboratories SLAB Skyworks SWKS SMIC SMI
STMicroelectronics STM
Texas Instruments TXN TSMC TSM UMC
UMC Western Digital WDC Xilinx XLNX
Weekly Gains 3/13/2020
Semiconductor Stocks
Price
Change
Forward P/E Semiconductor Stocks
Price
Change
Forward P/E
IDM Fab-lite to Fabless
Intel -2.4% 11 AMD -9.7% 27
Micron -16.5% 8 Analog Devices -6.7% 18
ON Semiconductor -16.1% 8 Broadcom -13.1% 9
Samsung Electronics -11.6% – IBM -15.4% 8
SK hynix -10.9% Infineon -14.3% 15
STMicroelectronics -19.0% 12 MagnaChip Semiconductor -16.9% 10
Western Digital -23.6% 5 Maxim -11.4% 18
Foundry & OSAT MaxLinear -18.1% 12
Amkor -18.6% 7 MediaTek -9.9% –
ASE -11.8% 9 NVIDIA -9.5% 26
JCET -3.9% 79 Panasonic -18.1% 10
Kingpak Technology -24.3% – Qualcomm -2.1% 12
SMIC -11.1% 1356 Silicon Laboratories -5.5% 21
TSMC -5.1% 16 Skyworks -13.3% 11
UMC -6.0% 8 Texas Instruments -6.3% 18
Xilinx -4.2% 23

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Chip Equipment & Related Stocks:
Weekly Growth and Forward P/E Ratios by Company
VLSI’s Semiconductor Equipment
Stock Index plunged 13.9% with all
companies finishing deep in the red
WFE -15.0%
Test -11.6%
Assembly -12.1%
Applied Materials AMAT Advantest ATEYY
ASM International ASMI
ASM Lithography ASML ASM Pacific 0522.HK
BE Semiconductor BESIY.PK
FormFactor FORM KLA KLAC
Kulicke & Soffa KLIC Lam Research LRCX
Onto Innovation ONTO Nikon 7731
Teradyne TER Tokyo Electron Limited 8035
Veeco VECO
Weekly Gains 0 3/13/2020
Equipment Stocks
Price
Change
Forward P/E Equipment Stocks
Price
Change
Forward P/E
Wafer Process: Test:
Applied Materials -11.9% 11 Advantest -16.7% –
ASM International -22.1% 14 Teradyne -7.5% 15
ASML -10.8% 22 FormFactor -10.7% 16
KLA -6.6% 13
Lam Research -11.1% 13 Assembly:
Onto Innovation -11.3% – BESI -23.6% –
Nikon -18.1% – Kulicke & Soffa -4.7% 10
TEL -16.0% – ASM Pacific Technology -8.0%
Veeco Instruments -26.6% 10

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Electronic Materials Stocks:
Weekly Growth and Forward P/E Ratios by Company
VLSI’s EDA Stock Index recorded the
smallest decline among segments
VLSI’s Electronics Materials Stock Index
fared the worst, plummeting 16.3%
BASF BASFY Cabot Microelectronics CCMP
Cadence CNDS DNP 7912 DuPont DD
JSR 4185 Shin-Etsu 4063 SOITEC
SOI.PA Synopsys SNPS Tokyo Ohka 4186
Weekly Gains 3/13/2020
EDA & Electronic Materials
Stocks
Price
Change
Forward P/E
EDA & Electronic Materials
Stocks
Price
Change
Forward P/E
EDA DNP -16.5% –
Cadence -3.5% 23 DuPont -8.4% 4
Synopsys -5.7% 22 JSR -18.1% –
Electronic Materials Shin-Etsu -19.6% –
BASF -17.7% 2 SOITEC -22.0% –
Cabot Microelectronics -12.8% 14 Tokyo Ohka -15.6% –

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Semi
Stocks
Equipment
Stocks
Materials
Stocks
EDA
Stocks
Semi
Stocks
Equipment
Stocks
Materials
Stocks
EDA
Stocks
09-Aug-19 79.6 74.9 86.0 96.2 -2.1% -3.6% -0.5% -0.1% 13 16.1% -39 -14.5% 30.6% 90.1 -0.5%
16-Aug-19 79.7 75.2 85.0 94.9 0.1% 0.5% -1.2% -1.4% 25 8.7% -28 -8.8% 17.5% 89.2 -1.0%
23-Aug-19 78.6 74.7 85.7 95.4 -1.3% -0.8% 0.8% 0.6% 19 6.6% -35 -9.5% 16.1% 87.9 -1.4%
30-Aug-19 81.2 75.8 87.7 99.0 3.2% 1.5% 2.4% 3.8% 45 7.3% -9 -6.6% 13.9% 90.3 2.8%
06-Sep-19 84.7 79.3 91.2 101.4 4.3% 4.6% 4.0% 2.5% 53 10.2% -1 -2.8% 13.0% 91.9 1.8%
13-Sep-19 87.6 83.4 95.8 94.3 3.5% 5.2% 5.0% -7.0% 45 17.1% -8 -7.5% 24.6% 92.8 1.0%
20-Sep-19 85.4 84.5 94.5 95.0 -2.6% 1.3% -1.3% 0.8% 19 5.7% -35 -8.3% 14.0% 92.3 -0.5%
27-Sep-19 83.6 83.6 93.8 94.7 -2.1% -1.1% -0.7% -0.4% 16 3.7% -37 -12.1% 15.8% 91.4 -1.0%
04-Oct-19 84.6 84.4 93.1 96.0 1.1% 1.1% -0.8% 1.4% 34 10.1% -20 -3.5% 13.6% 91.1 -0.3%
11-Oct-19 86.0 86.4 95.0 96.0 1.7% 2.3% 2.0% 0.0% 35 9.0% -15 -4.4% 13.4% 91.7 0.6%
18-Oct-19 86.2 86.7 97.5 94.5 0.2% 0.3% 2.7% -1.5% 28 11.2% -23 -6.0% 17.2% 92.2 0.5%
25-Oct-19 88.2 92.4 100.0 94.9 2.4% 6.6% 2.5% 0.4% 46 15.6% -7 -16.3% 31.9% 93.3 1.2%
01-Nov-19 90.3 92.6 101.2 94.8 2.4% 0.2% 1.3% -0.1% 36 9.9% -15 -12.1% 22.0% 94.7 1.5%
08-Nov-19 91.7 94.9 103.2 96.1 1.5% 2.5% 1.9% 1.3% 37 12.5% -14 -4.2% 16.7% 95.5 0.9%
15-Nov-19 92.0 97.0 101.5 97.6 0.4% 2.1% -1.6% 1.6% 31 10.8% -20 -5.0% 15.8% 96.3 0.9%
22-Nov-19 90.0 92.0 98.7 95.9 -2.2% -5.1% -2.8% -1.8% 7 5.7% -44 -17.7% 23.4% 96.0 -0.3%
29-Nov-19 90.9 93.7 96.7 100.1 1.0% 1.8% -2.0% 4.4% 37 5.0% -14 -15.0% 20.0% 96.9 1.0%
06-Dec-19 92.6 94.7 95.5 95.5 1.8% 1.1% -1.2% -4.6% 33 8.2% -19 -4.8% 13.0% 97.1 0.2%
13-Dec-19 96.7 98.0 100.0 96.9 4.5% 3.5% 4.7% 1.5% 48 10.7% -3 -1.4% 12.1% 97.8 0.7%
20-Dec-19 99.2 99.9 100.1 99.6 2.6% 1.9% 0.1% 2.7% 39 12.5% -13 -8.4% 20.9% 99.4 1.7%
27-Dec-19 100.0 100.0 100.0 100.0 0.8% 0.1% -0.1% 0.4% 29 5.9% -23 2.7% 8.6% 100.0 0.6%
03-Jan-20 100.3 100.2 98.9 100.5 0.3% 0.2% -1.1% 0.5% 23 9.5% -24 -3.4% 12.9% 99.8 -0.2%
10-Jan-20 101.5 100.9 99.2 104.7 1.2% 0.7% 0.2% 4.2% 32 7.2% -22 -4.8% 12.0% 100.8 0.9%
17-Jan-20 104.7 104.8 101.0 106.4 3.2% 3.9% 1.8% 1.7% 45 19.1% -10 -3.8% 22.9% 102.8 2.0%
24-Jan-20 106.1 105.1 100.5 107.8 1.3% 0.3% -0.5% 1.3% 29 14.9% -25 -10.8% 25.7% 101.7 -1.0%
31-Jan-20 98.4 98.4 96.0 103.8 -7.3% -6.3% -4.5% -3.8% 3 2.2% -51 -17.7% 19.9% 99.5 -2.1%
07-Feb-20 102.5 101.3 100.4 107.2 4.2% 2.9% 4.6% 3.3% 45 21.4% -10 -11.7% 33.1% 102.7 3.2%
14-Feb-20 106.5 106.6 101.0 114.2 3.9% 5.3% 0.6% 6.5% 47 27.5% -8 -10.0% 37.5% 104.3 1.6%
21-Feb-20 103.7 99.3 98.1 106.4 -2.6% -6.9% -2.8% -6.9% 6 4.5% -49 -17.1% 21.6% 103.0 -1.3%
28-Feb-20 93.1 90.4 85.5 96.2 -10.2% -8.9% -12.9% -9.5% 0 -0.8% -55 -21.3% 20.5% 91.2 -11.5%
06-Mar-20 91.8 91.0 84.8 95.1 -1.5% 0.6% -0.7% -1.2% 18 7.9% -35 -11.0% 18.9% 91.7 0.6%
13-Mar-20 81.1 78.3 71.0 90.7 -11.6% -13.9% -16.3% -4.6% 0 -2.1% -55 -26.6% 24.5% 83.7 -8.8%
S&P500
Growth
VLSI’s Indices of Chip Industry Stocks Weekly Growth
The Prior
Week's
Close
S&P500
MaxGrowth
Companies
Up
Companies
Down
Rangeof
Growth
MinGrowth