Wafer fab equipment revenues down 9.6% in 2005

The wafer fab equipment industry is in the middle of an atypical downcycle. Wafer fab equipment revenue will decline 9.6% in 2005, reflecting a much softer landing than in previous cycles. Memory was the market driver in the first half of 2005; technology will drive the market in the second half of 2005, Gartner says.