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The Semiconductor Industry Association reported a decrease in sales of semiconductors in the world for the third month in a row. In the first quarter, sales were recorded at $96.8 billion, their decline in annual terms was 13%. The fall of the indicator relative to the previous quarter was at the level of 15.5%. In March, chip sales decreased by 13% compared the previous a year to $32.28 billion. Decline in sales was noted in all major regional markets and in all product categories. In Europe, in March, chips were sold by 6.8% less than a year earlier. In Japan, this figure fell by 11.1%, in China - by 9.4%. The most significant drop in sales of microprocessors was observed in the North and South America, where the figure fell by 26.6%.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
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