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I mean it's literally in TFA: "In late September Micron, an Idaho-based maker of memory chips, reported a 20% year-on-year fall in quarterly sales. A week late
by martincmartin 4y ago
I mean it's literally in TFA:
"In late September Micron, an Idaho-based maker of memory chips, reported a 20% year-on-year fall in quarterly sales. A week later amd, a Californian chip designer, slashed its sales estimate for the third quarter by 16%. Within days Bloomberg reported that Intel plans to lay off thousands of staff, following a string of poor results"
But most of the article is about how they're building new fabs in America, right when sales to China are being restricted. So its about a future surge in supply and reduction in demand.
- svnt 4y agoParent is talking about distributor stock and you are talking about sales. If your comment was accurate it would seem like we should have had distributor stock coming online after the pandemic shortages as companies push to get their orders in the queue before capacity goes offline due to conflict. I’m curious with parent — my guess is just that the humans behind the companies got used to the profits and not sitting on inventory, which was always risky.