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Invest Implications: Forecast Alert: 2020 Semiconductor Revenue Downgraded by $55 Billion Due to COVID-19 Impact
COVID-19 is not only having a profound impact on supply chains and manufacturing operations, it’s also impacting consumer and enterprise spending across most areas, with a few exceptions. Gartner reduced its 2020 worldwide semiconductor revenue forecast by $55.0 billion (11.7%) from 4Q19.