The effect Covid-19 has had on the semiconductor market, as well as growth drivers in Korea, Taiwan and Japan were all focuses today at gasworld’s Asia-Pacific virtual event.
Andy Tuan, Managing Director of Lynx Consulting just told attendees that whilst Covid-19 is and will undoubtably continue to cause a sort of economic recission, it has kickstarted a spike in the semiconductor market.
“During this pandemic, people and business have had to behave very differently because of the lockdowns,” Tuan told attendees. “Everything has had to go on the internet and the result of this has been a virtual environment.”
“Things like working from home and education online has contributed to a spike of high-tech spending. In the first half of 2020 the growth of spending on technology grew so fast, and at this moment, Q3 and Q4 is still at the high end of this curve.”
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