Author: Sohee Kim, Ian King, Lin Zhu, Bloomberg

[ad_1] This time was purported to be totally different. The memory-chip sector, well-known for its boom-and-bust cycles, had modified its methods. A mixture of extra disciplined administration and new markets for its merchandise — together with 5G expertise and cloud providers — would be sure that firms delivered extra predictable earnings. And but, lower than a 12 months after reminiscence firms made such pronouncements, the $160 billion trade is struggling considered one of its worst routs ever. There’s a glut of the chips sitting in warehouses, prospects are slicing orders, and product costs have plunged. “The chip trade thought that…

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