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Europe chipmakers brace for tough markets

China stock market crash, spillover effects on consumer and business trends add uncertainty

BUMPY AHEAD: Infineon said business conditions were increasingly difficult, especially in China, but that this was likely to be offset with strong demand from US carmakers and a recovery at European automotive firms.


RESULTS from Europe's big chipmakers show business conditions have deteriorated quickly in previously healthy markets for car electronics and industrial components, adding to concerns over the industry's traditional drivers - computers and phones.

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