Kuo: Apple to cut 3nm chipset orders for 2024

The near future of the smartphone chipset market is looking bleak, according to analyst Ming-Chi Kuo. According to their latest report, Apple is lowering demand for 3nm chips; Qualcomm is also scaling back production, pushing Dutch ASML to cut EUV equipment shipment for 2024 by about 20-30%. Kuo revealed the current market consensus was the semiconductor business would bottom out in the second half of this year, but the slump might stretch to Q2 2024. ASML, previously Advanced Semiconductor Materials Lithography, is a company that has HQ in Veldhoven, Netherlands and is a major...

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