Chipmakers in good health as global lockdowns lift demand
Micron Technology forecasts higher revenue as more people shop and work from home
31 March 2020 - 16:19
Hong Kong/Seoul — As the coronavirus prompts talk of an earnings recession for most Asian emerging stocks, there is an industry that is holding up: chipmaking.
The worldwide lockdowns due to the virus and the ensuing contractions in output have sparked indiscriminate selling across industries, and dismal earnings forecasts for this quarter and beyond — except for the tech industry...
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