Chip industry’s roller-coaster ride continues

FILE PHOTO: Semiconductor chips are seen on a circuit board of a computer in this illustration picture taken February 25, 2022. REUTERS/Florence Lo/Illustration

THE chip industry, which saw rampant growth for most parts of 2020 to 2022, is now at the point of a major correction.

Giants in the industry such as Samsung Electronics Co, Taiwan Semiconductor Manufacturing Co (TSMC) and Advanced Micro Devices (AMD) have all issued warnings.