Semiconductors: Industry in Transition

Executive Summary Semiconductors are the foundation for all modern-day technology. Despite the pervasiveness of semiconductors in society, the industry remains esoteric. The sector’s products, complex manufacturing methods and intricate global supply chain are out of sight for most consumers. As a result, semiconductors have historically operated in the shadows of the technology world. This changed…

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Quarterly Perspectives

The S&P 500 Index rose in the second quarter driven by strong corporate profits, the promise of artificial intelligence and slowing inflation. Sizable gains in a small number of very large stocks lifted market capitalization weighted indices, though the average U.S. and international stock registered losses for the period. Interest rates finished the quarter little…

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