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Chip stocks hammered as Micron forecast signals waning demand

The Star Business LogoThe Star Business1 mo ago

Chip stocks hammered as Micron forecast signals waning demand

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A handful of chipmakers including Micron and AMD have signaled waning demand as red-hot inflation squeezes spending, even as it eases a two-year global semiconductor shortage that has hit production of everything from cars to smartphones.

However, soaring inflation across the world has resulted in consumers tightening belts, with China curbs also hitting demand.

KS, in an attempt to check an inventory glut, temporarily halted new procurement orders and asked some suppliers to delay or cut shipments of components for several weeks, Nikkei said last month.


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Article Details

Author / Journalist: The Star Online

Category: Economy

Topics: Inflation AMD Chips Micron /Business/ Technology

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-02, 05:45:00

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Reading Time: 4 minutes read

Article Length: 625 words

Coverage Area: Malaysia

Availability: Desktop Web, Mobile Web

News ID: 26131

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About The Star Business

The Star Business Logo

Main Topics: Economy

Official Website: thestar.com.my

Update Frequency: 36 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 57m ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #22

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