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UK's Morgan Advanced Materials tumbles on weak outlook, chip slump
Reutersยท 2025-10-14 08:33
Core Viewpoint - Shares of Morgan Advanced Materials fell nearly 14% due to a forecast indicating annual sales will be lower than the previous year, attributed to weak semiconductor demand and growing uncertainties in the market [1] Company Summary - Morgan Advanced Materials, a British chip parts supplier, is experiencing a significant decline in its stock price, reflecting investor concerns over its sales outlook [1] - The company anticipates that annual sales will be lower than last year, signaling potential challenges in its operational performance [1] Industry Summary - The semiconductor industry is facing weak demand, which is impacting suppliers like Morgan Advanced Materials [1] - Growing uncertainties in the market are contributing to a cautious outlook for companies involved in semiconductor supply [1]