Cooling Semiconductor Sales Heighten Fears of a Global Recession

(Bloomberg) — World chip sales growth decelerated for six straight months —another sign the global economy is straining under the weight of rising interest rates and mounting geopolitical risks.

Semiconductor sales rose 13.3% in June from a year earlier, down from 18% in May, data from the Washington-based Semiconductor Industry Association showed. The current slowdown is the longest since the U.S.-China trade war in 2018.