NEW YORK, Feb. 20 -- Worldwide semiconductor equipment sales will grow 5 to 10 percent in 2003, a turnaround from the 2001-2002 back-to-back drops of 41 percent and 33 percent, according to an analysis of Standard & Poor's Industry Survey on Semiconductor Equipment. Richard Tortoriello, semiconductor equipment equity analyst and author of the survey, attributed the predicted recovery to increased spending by memory chip makers on next-generation 300 mm wafer fabs, which he says will enable significant cost savings over 200 mm fabs; to restructuring of semiconductor businesses by large...Read full articleRelated content from Photonics MediaArticlesFRAMOS Breaks Ground on Production Facility in CroatiaSensor technology company FRAMOS broke ground on the construction of its new campus in Cakovec, Croatia, into which the company said it plans to move next year. 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