With more employees working from home to help slow the spread of the coronavirus, demand jump for chips, laptops and network goods by HeekyongYang Makiko Yamazaki
SEOUL/TOKYO - 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.
Many firms have withdrawn earnings forecasts, anticipating a drop in consumer demand and economic slump, but performance at electronics retailers and chipmakers is hinting at benefits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. Pointing to further demand, nearly one in three Americans have been ordered to stay home, while Italy - where deaths have hit 5,476 - has banned internal travel. Worldwide, the flu-like virus has infected over 300,000 people and led to almost 15,000 deaths since China first reported the outbreak in December.
A South Korean trade ministry official told Reuters that cloud computing has boosted sales of server chips, “while an increase in telecommuting in the United States and China has also been a main driver of huge server demand.”
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