Chipmakers Struggle With Inventory Buildup On Pandemic Demand Correction

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  • Pandemic recovery, rising interest rates, a falling stock market, and recession fears have weakened consumer appetite for electronics.
  • However, the industry expected chip sales to double by 2030, surpassing $1 trillion globally. Micron eyed a facility in upstate New York that could cost up to $100 billion, partly funded by U.S. government incentives.

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