Business | Semiconductor equipment

Applied economics

The quest for scale brings about a rare American-Japanese merger

|TOKYO

THESE should be glorious days for the firms that supply the semiconductor industry. Demand for personal computers is crashing, but the market for smartphones and tablets has soared. The “internet of things”, in which billions of machines will converse with each other, is a vision of the near rather than the distant future.

This article appeared in the Business section of the print edition under the headline “Applied economics”

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