The COVID-19 pandemic led to serious supply chain problems. But now, amid record inflation in many countries, demand for semiconductors, of which many smartphone and computer makers cried out about shortages, has fallen. This allows suppliers to build up stocks.
In late June, memory chip maker Micron Technology said it would cut chip production. At first this shocked investors, but it turned out that the demand for chips is rapidly falling due to rising prices. A supply surplus is forming on the market.