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Technology Stocks : Sequans Communications

SQNS 7.820

+4.5%

Oct 28 3:59 PM EDT

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To: JCnieuwenj who wrote (2374)	11/23/2022 1:28:45 PM
From: FJB	of 2386

It seems like most of Sequans' customers have their products manufactured there, so that can't be good. It was one of the excuses used this year for slow ramp in products that have made it to production. pjmedia.com /news-and-politics/rick-moran/2022/11/22/fears-that-chinese-covid-lockdowns-will-cause-a-severe-global-recession-n1647991Fears that Chinese COVID Lockdowns Will Cause a Severe Global Recession 11/22/2022 New cases of COVID-19 are on the rise in China again, which has many international economists worried that the lockdowns resulting from Beijing’s Zero-COVID policy will lead to a severe global recession. The one-two punch of slowing U.S. growth due to rising interest rates and the Chinese Zero-COVID policy locking tens of millions of people in their homes and out of their workplaces could bring economic growth in developing countries to a screeching halt. The slowdown would eventually reach the U.S. as slowing exports would affect the manufacturing sector.

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