Thanks you Srinsocal other board Due to a down

Thanks you Srinsocal other board

Due to a down turn in demand and China sanctions the global Chip Shortage is turning into a Chip Glut. BIEL will have access to all the semiconductors it needs, say 975,000, and will be able to buy them at a lower cost increasing margins.

For Chip Makers, the Flip From Shortage to Glut Intensifies
WSJ Nov. 4 2022

After sharp growth during Covid, semiconductor executives now are pausing hiring and cutting costs amid high inventory levels

The belt-tightening represents a turnabout after two heady years characterized by sky-high demand for computers, smartphones, cars and internet services that rely on chips. While the chip industry is notoriously cyclical, this wave rose higher and lasted longer than one has in decades, propelled by a pandemic that drove a societal shift toward working and learning from home.

“What has happened is that the macroeconomic environment deteriorated, and we went from a period of supply shortages to demand declines,” Akash Palkhiwala, Qualcomm’s chief financial officer, said in a call with analysts. “It’s an unprecedented change over a short period of time.