Chip equipment spending to reach $43.7 bln in 2008

Gartner cut its 2008 global spending outlook for chip equipment to $43.7 bln, down 4.3% from its mid-July forecast of $45.7 bln. Based on its present spending estimate for 2007, chip-equipment spending would be flat in 2008. Gartner revised its total semiconductor capital spending forecast for 2008 to $54.6 bln, down from $59.3 bln.