12 Jul 2022 -
 General

Weakening PC demands forces chip companies to cut forecasts

According to recent reports, the semiconductor boom is beginning to show signs of weakness, hit by a slump in personal computer sales and a weakening cryptocurrency market.

Earlier this month, Micron Technology issued a conservative sales forecast, with Chief Executive Sanjay Mehrotra warning that the industry demand environment has weakened and sales of PCs and smartphones have been declining. The company said it was cutting some spending plans to adapt to new market dynamics.

Micron Technology last week issued a conservative sales forecast, with Chief Executive Sanjay Mehrotra warning that the industry demand environment has weakened and sales of PCs and smartphones have been declining. The company said it was cutting some spending plans to adapt to new market dynamics.

AMD CEO Lisa Su said last month that the company has taken a conservative view on PC sales this year and expects computer demand to be roughly flat for the next few years.

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