Last year, global semiconductor firms experienced a drop in revenue as a huge market surplus and a downturn in smartphone sales began taking their toll.
Semiconductor sales totaled $418.3bn (£ 322bn) in 2019, down nearly 12 per cent from the previous year, according to research firm Gartner statistics.
This was prompted by a massive memory market over-supply caused by rising demand from so-called hyperscale computing,....
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