The company expects sales to chip foundries to be down more than 50% sequentially in the October quarter, with a 35%-40% pullback from memory customers, and a better than 20% drop in demand from logic customers.

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Applied CFO George Davis told me last week that the company sees sales to chip foundries down more than 50% sequentially in the October quarter, with a 35%-40% pullback from memory customers, and a better than 20% drop in demand from logic customers.

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