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Business trends

Global semiconductor market to shrink 12% in 2019: trade group

Outlook downgraded as US-China trade war eats into demand

Semiconductor wafers are processed at a facility in Germany.   © Reuters

TOKYO -- The global market for semiconductors will contract 12.1% to $412 billion this year, an industry group forecast Tuesday, amid growing economic uncertainties from such factors as the U.S.-China trade war.

In its previous report last autumn, World Semiconductor Trade Statistics had predicted 2.6% growth for 2019.

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