News Snapshot:
All hope that the most recent COVID-19 surge that has plagued China since the beginning of 2022 was temporary has faded, as ongoing government-mandated plant shutdowns have produced a trickle-down effect on global electronics companies as well as Chinese companies catering to the local market. While electronics companies reported good March quarters, they warned that June quarter earnings could be affected by continuing plant shutdowns. This could exacerbate ongoing shortages of many semiconductors and electronic components, with possible downstream effects on the availability of some consumer products. The only saving grace with the most recent crisis is that demand for...
