(Bloomberg) -- Even in an industry famous for its roller-coaster cycles, chipmakers are bracing for a particularly severe shift in coming months, when a record-setting sales surge is threatening to give way to the worst decline in a decade or more.The semiconductor market enjoyed a massive run-up in orders during the pandemic, sending sales and stock prices to new highs and triggering a global scramble to find enough supplies. There was hope in some circles that the boom could be sustained for s
(Bloomberg) -- US House Speaker Nancy Pelosi’s Taiwan trip was only the most high-profile in a series of moves by Congress that are forcing President Joe Biden to test Beijing’s red lines -- whether he wants to or not. Pelosi’s visit, the first by a sitting speaker in a quarter century, was the most senior in a wave of congressional delegations to travel to Taipei. At least 149 US senators and representatives have made trips to the democratically governed island over the past decade, according t
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