ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Intel, Samsung, Micron brace for slump as chip cycle tips downward

Economic slowdown chills tech demand, leaving semiconductor inventories glutted

Demand for a wide range of semiconductors has dropped sharply after prolonged supply shortages. (Photo by Wataru Ito)

TOKYO -- The semiconductor boom of the past few years appears headed toward a bust amid rapidly slowing sales of devices such as personal computers and smartphones, with new U.S. restrictions on chip exports to China potentially set to worsen the pain.

Recent earnings reports paint a grim picture across the industry. Intel on Thursday reported an 85% year-on-year plunge in net income for the third quarter on a 20% drop in sales.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more