Removing Neumann is a difficult decision for Son, who has long believed in WeWork and Neumann's vision to quickly expand the company.Technologyread more
The Kingdom and oil and gas industry have been slow to shore up defenses, raising red flags about the possibility of longer term fall-out in the region.Technologyread more
Datadog went public on Thursday and instantly hit a $10 billion valuation, becoming the fourth cloud software debut to reach that level this year.Technologyread more
There are challenges with Iran, North Korea, the Afghan Taliban, Israel and the Palestinians — not to mention a number of trade pacts.Politicsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
In his new memoir, "The Ride of a Lifetime," Iger explains why he decided against the deal to buy Twitter.Technologyread more
In perhaps Buffett's first televised profile, he explained a method of investing that prioritizes bargains and makes use of an occasional baseball analogy.Marketsread more
The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
A 58% majority of registered voters express unease about voting for Trump, but slightly more say the same about Joe Biden and Bernie Sanders, while Elizabeth Warren fares only...Politicsread more
A temporary airspace closure forced flights coming into Dubai from Australia, Singapore and India to be diverted to nearby airports.Airlinesread more
Schiff had previously shied away from calling for impeachment, but his comments on CNN's "State of the Union" indicate his stance has shifted.Politicsread more
The ongoing tariff battle between the two economic powerhouses has had some impact on demand but there are already warning signs of an impending slowdown, Sebastian Hou, a semiconductor investment analyst at the brokerage and investment group told CNBC at the CLSA Investors' Forum in Hong Kong.
Those signs include a decline in memory chip prices, a build-up in inventory levels and a slowdown in demand from high-growth areas such as data center servers, automotive and industrial, he said.
"In terms of the trade war impact, certainly there is some impact on the potential on the demand side but even without the trade war, in fact, the sector is going to go through this correction because (of) very high inventory across the supply chain," Hou added.
A correction is normally defined as a decline of 10 percent or more for the price of a financial asset.
Other analysts have made similar predictions in recent weeks. Morgan Stanley analyst Shawn Kim noted, after conversations with semiconductor buyers and sellers, that the environment for the memory market has become increasingly negative.
Some experts predicted that trade tariffs could worsen the situation by taking up to 25 percent of semiconductor earnings.
Global semiconductor revenue in 2017 came in at $420.4 billion, registering a 21.6 percent growth from a year ago, according to research firm Gartner. That growth came mostly from the memory chip market where undersupply drove prices higher.
Gartner predicted in January that worldwide semiconductor revenue will return to single-figure growth in 2018 "before a correction in the memory market results in revenue declining slightly in 2019."
Hou's predictions for growth in the market were similar.
"Starting from the fourth quarter this year to fourth quarter next year, ... some quarters, some months, we're likely to see negative year-over-year growth of semiconductor," he said. Hou said he expects close to zero percent growth in the sector for 2019.
Developments in new technologies — such as artificial intelligence, the fifth-generation of mobile networks and the so-called Internet of Things — could ultimately see demand in the semiconductor industry pick up again.
However, Hou urged caution over developments in those technologies.
"A lot of them are still in the infant and early stage, so people have very high expectation(s)," he said. "I think that explains in the overbooking in the supply chain, that's why there's a lot of the inventory." Once the cyclical downturn in the sector ends, the semiconductor industry might even grow at a faster pace due to demand from various new applications, Hou predicted.
But the outlook may not be very positive for many of the existing chip makers that dominate the market, including Samsung Electronics, Intel, SK Hynix and Micron Technology. That's because many of the major technology and internet companies are making their own memory chips to put into products and data centers.
Those companies "want to optimize their performance to differentiate themselves, so they have incentive to do that," Hou said, adding it's a paradigm shift in the sector, where incumbents would see their market share shrink over the next five to 10 years.