Signs are piling up that the tech downturn may be deeper and longer-lasting than feared.
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Global technology stocks are treading on shaky ground despite last week’s rally, as chip makers signal more trouble may be ahead.
Samsung Electronics is warning that the semiconductor industry could be in for a rocky close to 2022.
Mounting concern over semiconductor demand is sending shudders through Asia’s high-tech exporters, which historically serve as a bellwether for the international economy.
Even in an industry famous for its roller-coaster cycles, chip makers are bracing for a particularly severe shift in coming months.
China’s top leadership has grown increasingly frustrated with a years-long failure to develop semiconductors that can replace US circuitry.
The accumulation of inventory by chip makers has usually been a sign of impending doom for the industry. It could be happening again.
Samsung and Micron, two of the world’s largest memory chip makers, warned that strict Covid-19 curbs in the Chinese city of Xian could disrupt chip manufacturing.
Since early in the pandemic, soaring demand for consumer electronics led to persistent chip shortages. Some recent signs suggest the situation may finally be starting to change.
Investors have grown increasingly bullish on Samsung Electronics ahead of its Tuesday results report, betting that the global memory-chip cycle is near a bottom.