The semiconductor industry has proven robust during the COVID-19 pandemic due to increased demand for computers and consumer electronics. Yet, the market price for memory chips has fallen by 19.4% since April’s peak in part due to concerns about waning demand. Exports from South Korea, the leader in memory chips, dropped by 27.8% year over year in May, though semiconductor shipments from China and Taiwan have remained strong. The drop in demand for semiconductors can be seen in Mexico where there was a widespread industrial lockdown that is only just ending in early June. Total imports f...