Bad news piles up for chip makers

The months follow each other and look the same for semiconductor manufacturers.

There is a constant cycle of bad news for these companies whose chips power almost all the technological devices we use in our daily lives be it phones, laptops, PCs, video games, TVs, electronics, cars, etc.

Businesses also need microprocessors and graphics cards in their day-to-day operations, whether for the data center or the cloud.

For months, fears of a hard landing in the economy have been battling with sharp interest rate increases by the Federal Reserve inflation At its highest in 40 years, it was a headache since the beginning of the year for Nvidia (NVDA) Advanced Micro Devices (AMD) Intel Corporation (INTC) micron (mo) and Qualcomm (QCOM) .

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