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Autonomous robots assemble an X model SUV at the BMW manufacturing facility in Greer, South Carolina, U.S. November 4, 2019.

U.S. Factory Activity Slows To Two-year Low In June

U.S. manufacturing activity slowed more than expected in June, with a measure of new orders contracting for the first time in two years, signs that the economy was cooling amid aggressive monetary policy tightening by the Federal Reserve.
Micron Technology's solid-state drive for data center customers is presented at a product launch event in San Francisco, U.S., October 24, 2019.

Chip Stocks Fall As Micron Outlook Signals Easing Demand

A handful of chipmakers including Micron and AMD have signaled waning demand as red-hot inflation squeezes consumer and corporate spending, while easing a two-year global semiconductor shortage that was exacerbated by supply-chain disruptions.

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