Working From Home Gives Chipmakers Boost While Others Suffer
- Micron’s earnings surprise gels with bounce in Korean exports
- Samsung Electronics guidance will be key signal on turnaround
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As the coronavirus prompts talk of an earnings recession for most Asian emerging stocks, there’s an industry that’s holding up: chipmaking.
The worldwide lockdowns due to the virus and the ensuing contractions in output have sparked indiscriminate selling across industries, and dismal earnings forecasts for this quarter and beyond -- except for the tech industry.