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Home work triggers demand jump for chips, laptops and network goods – Source Reuters Tech News

SEOUL/TOKYO (Reuters) – With more employees working from home to help slow the spread of the coronavirus, demand is surging for laptops and network peripherals as well as components along the supply chain such as chips, as companies rush to build virtual offices.

FILE PHOTO: Two people work from home during the outbreak of coronavirus disease (COVID-19), in Gdynia, Poland, March 16, 2020. Picture taken March 16, 2020. REUTERS/Eloy Martin

Many firms have withdrawn earnings forecasts, anticipating a drop in consumer demand and economic slump, but performance at electronics retailers and chipmakers is hinting at benefits from the shift in work culture.

Over the past month, governments and companies globally have been advising people to stay safe indoors. Over roughly the same period, South Korea – home of the world’s biggest memory chip maker, Samsung Electronics Co Ltd (005930.KS) – on Monday reported a 20% jump in semiconductor exports.

Pointing to further demand, nearly one in…

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Source Reuters Tech News

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