Chip Sales Plunge in China, Buffeting Global Industry

Sharp decline in Chinese chip market drags down global semiconductor industry

Workers producing LED chips at a factory in Huaian, in China's eastern Jiangsu province, on June 16, 2020. STR/AFP via Getty Images

News Analysis

Chip sales in China have tumbled at a whopping rate, as productivity in the semiconductor-related sector has contracted dramatically, indicating that the country’s manufacturing industry is shrinking, according to the latest industrial report.