The BtB of 0.71 isn't a problem, it's the $651M in bookings. Chip equips aren't doing well after hours. INTC is finishing their capital equipment investment, and that's being felt. No one else is picking up the slack. Remember Chartered recently reported 22%(!) utilization, and other foundries aren't doing much better. TSMC said profit is picking up, but that's mostly due to high-end high margin business, not large volumes. That said, CYMI is positioned well for this type of market, and their BtB has been above the industry average. You must be selective in this market.
Also, ADI warned tonight, and TQNT announced an unexpected $100M write-off. Tech probably isn't the place to be for a while. It seems like the rest of the economy will do better.