Tech rally haunted by fears of chip industry rout

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Global technology stocks are treading on shaky ground despite last week’s rally, as chip makers signal more trouble may be ahead.

are treading on shaky ground despite last week’s rally, as chip makers signal more trouble may be ahead in an industry notorious for its booms and busts.

There’s a palpable fear that the semiconductor cycle has begun to turn negative and demand is slowing Samsung Electronics added to concerns this week after a senior executive at the world’s largest chip maker said the outlook for the second half of the year is gloomy and it isn’t seeing momentum for a recovery in 2023. That followed weak sales forecasts from companies such as Micron Technology and Western Digital.

 

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