Semiconductor giants are sounding the alarm on soft China demand. Here’s what they’re saying. (TEL, LRCX, INTC, TXN, NVDA)
|01/28/2019||Posted by BusinessMediaguide.Com under General World News||
- Nvidia slashed its fourth-quarter sales guidance Monday morning, citing significantly weaker economic conditions in China.
- So far this earnings season, semiconductors Intel, Texas Instruments, Lam Research, and TE Connectivity, have all blamed slumping sales on a slowdown in China.
- Last quarter, China’s GDP growth grew at its weakest pace in a decade.
- President Donald Trump’s trade war also added headwinds for the semiconductor industry, which relies heavily on the manufacturing steps in multiple geographic regions, an analyst says.
China’s slowdown is becoming a real headache for US semiconductors, prompting them to warn investors about read more >>>