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According to data from SEMI, Japan said it intends to spend 82% more next year on chip equipment, the largest increase in the world.
Also, Finland joins NATO and China targets a U.S. chip maker.
The global economic downturn has adversely affected the demand for semiconductors and memory chips. As a result, major South Korean chip manufacturing companies have decided to cut their production short for this year.
I'm long Nvidia and AMD so there is bias here....AMD
Equities took a volatile ride, as investors shifted attention between the latest Fed rate hike and the potential for contagion within the banking sector.