Chip equipment stocks plunge following a report Samsung (SSNLF.PK) will cut its chip capex by...

|About: Samsung Electronics Co., Ltd. (SSNLF)|By:, SA News Editor

Chip equipment stocks plunge following a report Samsung (SSNLF.PK) will cut its chip capex by half next year, following a major 2012 increase. AMAT -2%. KLAC -3.6%. LRCX -3.3%. UTEK -2.9%. ASML -2.6%. CYMI -3.1%. Barclays is "highly skeptical" of the report, but does think Samsung's capex could fall by a third. On the flip side, the report is giving a lift to SanDisk (SNDK +3.8%) and Micron (MU +3%), given it bodes well for next year's DRAM and NAND flash supply/demand balances.