According to the claim, semi-conductor demand would increase steadily over the medium term. However, as was seen in the past, there have been  1  some cancellations of multiple orders for parts and capital goods, together with downward revisions to final goods such as smartphones.
In addition to these two global factors, region-specific factors have contributed to the recent deceleration in the global economy. The Chinese economy has shown some weakness due to the lingering impact of deleveraging policy measures, together with trade tensions.