Global technology stocks are treading on shaky ground despite last week’s rally, as chip makers signal more trouble may be ahead.
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Samsung Electronics is warning that the semiconductor industry could be in for a rocky close to 2022.
Korean chip makers recorded their first fall in factory shipments in almost three years in July, highlighting weakening demand for semiconductors.
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.
Samsung Electronics unveiled its latest high-end foldable smartphones on Wednesday, keeping prices at the same level as last year.
Companies that receive funding under a new US programme have to promise not to increase their production of advanced chips in China.
The US is considering limiting shipments of American chip-making equipment to memory chip makers in China, a move that could have broad ramifications.
Taiwan’s TSMC reported better-than-expected quarterly revenue, providing another signal that electronics demand is holding up better than feared.
It was barely six months ago that the technology hardware sector looked quite immune to a global slowdown. That picture is now fading fast.