Chip stocks drop after Deutsche Bank cuts industry earnings estimates, cites ‘downturn’ risk

Jason Janik | Bloomberg | Getty Images

Robert Neely prepares to load a silicon wafer machine in a clean room at the Texas Instruments semiconductor fabrication plant in Dallas, Texas, U.S., on Tuesday, June 16, 2009. Texas Instruments Inc., the second-largest U.S. semiconductor maker, reported sales and profit that beat analysts’ estimates on stronger demand for chips used in mobile phones and communications networks in China. (Photo by Jason Janik/Bloomberg via Getty Images)

The semiconductor industry may be facing a significant downturn, according to Deutsche Bank.

Michael Bloom
contributed to this story.

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