1. North American semi equipment bookings decline 37% y/y, SEMI reports
Semiconductor Equipment and Materials International (SEMI) data shows that North America-based providers of semiconductor manufacturing equipment saw $79 worth of orders received for every $100 of product billed for in May. Bookings for the month declined year over year for the first time since 2005.
We are seeing a whole lot of "since 2005" lately. Excepting of course GM stock which is at prices "not seen since 1953." The question is; Is GM worth $6.4b and Intel $116.2b because Intel is overvalued? The SEMI association seems to imply so.