The semiconductor industry is still in a “transition year,” says the CEO behind the West's only producer of silicon wafers, as manufacturers try to navigate their way through the end of a years-long slump in demand.
During the pandemic, chipmakers enjoyed bumper profits due to stay-at-home consumers snapping up electronics and supply shortages. But the end of the pandemic led to a slump, as manufacturers and retailers were faced with increased stockpiles and consumers who stopped buying as much as they returned outside.
