Semiconductors: Grappling with the Slowdown
The global semiconductor industry has been hit by the deepest and sharpest downturn in many years. Most companies turned in 25% sequential revenue declines in the seasonally strong December quarter, with prospects of additional declines in double digits when March results are released. Specific suppliers' recent results have been dependent on their market sector, and on their quarterly reporting cycle dates, but most companies' results tracked close to the overall industry.
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