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12%  
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Keyword: chipbubble

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  • Semiconductor world in for a rough ride as chip bubble bursts

    02/04/2023 5:35:59 AM PST · by FarCenter · 26 replies
    The semiconductor gold rush is all but over, and we've had our fill. Or so the past month of dismal earnings might have you believe. Electronics giant Samsung saw its profits contract 69 percent during the fourth quarter, while revenues slumped 8 percent overall. South Korean memory manufacturer SK Hynix, meanwhile, followed a few days later with an equally bleak report. Both companies told a story of macroeconomic forces that were suppressing consumer spending and driving DRAM and NAND flash inventories to unprecedented levels. Put simply, where there was once a chip shortage there is now a glut. Well, of...