Equities

Reuters shows how chipmakers are weathering slowing smartphone sales

Reuters shows how chipmakers are weathering slowing smartphone sales

Reuters showed how a clamor for more video content from consumers is underpinning buoyant sales for memory-chip makers. The $122 billion memory chip industry has had an unprecedented boom since mid-2016, expanding nearly 70 percent in 2017 alone, due to robust growth of smartphones and cloud services that require more powerful chips that can store loads of data.