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February 4, 2020 06:10 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/UH4Fqp-4hjk/chip-industry-had-worst-sales-year-since-dot-com-bubble-burst
Chip Industry Had Worst Sales Year Since Dot-Com Bubble Burst
The semiconductor industry last year suffered its worst annual slump in almost two decades, hurt by a trade war between the largest chip producer, the U.S., and the largest consumer, China. From a report: Revenue fell 12% to $412 billion in 2019, the Semiconductor Industry Association said Monday in a statement. That's the biggest drop since 2001, when industry sales slumped 32% as the dot-com bubble burst. The rate of decline last year abated with sales growing slightly in the fourth quarter from the preceding three-month period, the industry association said. For that to continue, China and the U.S. need to build on the phase one trade agreement announced last month.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/UH4Fqp-4hjk/chip-industry-had-worst-sales-year-since-dot-com-bubble-burst
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