Needham analyst N. Quinn Bolton saw a slowdown in demand across most end markets coupled with several quarters of inventory purge is likely to significantly decrease semiconductor sales in C2H22 and 2023 from original base case estimates.
His data analysis and other macro influences lowered C2H22 and 2023 estimates for most of his semiconductor coverage under a note titled "Semiconductors Appear to Be on the Brink of an Inventory-Driven Downturn."
