Semiconductor sales rose 13.3 percent in June from a year earlier, down from 18 percent in May, data from the global peak industry body showed. The current slowdown is the longest since the US-China trade war in 2018.
Chip sales started to cool as central banks began scrambling to raise interest rates to combat spiraling inflation and Russia’s war on Ukraine and prolonged Covid lockdowns in China prompted a rapid reversal in the international outlook. It’s a similar story in Taiwan, which is another key player in electronics supply chains. Latest data indicate manufacturing on the island contracted in June and July, while production and demand slumped, with new export orders registering the biggest fall.
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