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The Semiconductor Industry Association reported the first fall in global semiconductor sales since July 2016. The volume of their sales in January fell by 5.7% compared to the same month a year earlier, reaching $35 billion 470 million. The decline against December was 7.2%. Sales in this area showed a record level over the past 3 years. In 2018, they reached 469 billion dollars. In January of this year, sales growth for the month was noted only in Europe, where the figure rose by 0.2%. The remaining regions recorded the fall. Thus, in North and South America, sales decreased by 15.3%, in China - by 3.2%. Nevertheless, the Association is expecting a recovery in sales against the background of the continued demand for chips for artificial intelligence, the Internet of things, virtual reality and other products for which demand will grow.
On Monday, Remington Arms Co. filed for bankruptcy protection for the second time since 2018 as the U.S. firearms manufacturer faced financial difficulties due to gun sales restrictions. According to the court filing, the company filed for ...
Backed by record-low mortgage rates, U.S. home sales reached its strongest record in June. However, the outlook for the housing market remained murky as low inventory and high unemployment rate pressed amid the virus crisis. Existing home ...
Australian retail sales advanced 2.4% in June. This came as an upbeat figure following a 16.5% increase seen in May as the land down under resumed its economic operations from coronavirus-related lockdowns. The country’s retail sales ...
The second quarter likely saw South Korea’s economy hitting its sharpest downturn in over two decades, a Reuters survey showed on Tuesday. This was mainly from the pandemic dragging the labor market, consumer spending, and global export ...
Renault SA (RENA.PA) announced on Monday that its global car sales fell by 34.9% in the first half of the year due to the impact of the coronavirus pandemic. However, the company said that it had seen some signs of recovery in June. The French ...
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