Semiconductor capital spending dropped off in the middle of 2011 and this will result in a shortage in mid-2013.

FORBES: Why are Semiconductor Companies Suffering?

For 2002, Weiner estimates a 20% drop in capital spending for the semiconductor industry.

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Martin Weiner of Comstock Partners estimates a 20% drop in capital spending by the semiconductor industry.

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The semiconductor cycle is alive and well, and is driven by capital spending.

FORBES: Why are Semiconductor Companies Suffering?

Shares of Netherlands-based semiconductor equipment provider ASML are heading lower Wednesday morning after the company offered some cautious commentary on the outlook for capital spending from its chip industry customers.

FORBES: ASML Q2 Tops Estimates; But Stock Pressured By Weak Orders