Inventory IssuesIndustrial and Telecom sectors are still facing challenges due to ongoing inventory digestion, delaying full recovery until the second half of 2025.
Market DependencySemiconductors, which account for a significant portion of sales, remain largely dependent on the overall wafer fabrication equipment environment, which is expected to remain flat.
Sector ChallengesIndustrial and Medical sales were down 29% year-over-year and flat sequentially, as customers work down excess inventories.