Too much or not enough? The landscape in semiconductors is mixed, to say the least. Last Friday, Samsung Electronics and AMD, both chip heavyweights, issued earnings alerts. Third quarter figures, which have not yet been released, will be well below market expectations.
The Korean market leader expects a 30% drop in operating profit. It is a double jeopardy for him. On the one hand, it is being hit by declining global sales of smartphones (-7%) and TVs (-6%), two markets it dominates. Every fifth laptop sold in the world is a Samsung and almost every third TV.
Major players in the industry are affected by the decline in demand for smartphones and computers.
A Samsung spokesperson
On the other hand, the group is suffering from the decline in global demand for semiconductors. the decline is caused by the decline in the consumption of electronic goods. Global sales of semiconductors reached $47.4 billion in August, down 3.4 percent compared to July.
Source: Le Figaro
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.