“Chipmakers are the coalface of the modern economy,” says Cormac Mullen on Bloomberg. Demand for semiconductors is a good “leading indicator” for stockmarkets and the economy.
The industry is heading for a slump, say Debby Wu, Jeran Wittenstein and Ian King, also on Bloomberg. The global shortage of chips that started during the pandemic is not over yet – average wait times were 27 weeks in June, up from less than 15 weeks pre-pandemic – but the cycle has clearly started to turn.
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