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July 28 Reuters Asian tech firms from chipmaker Samsung to display panel maker LG Display warned of a sharp slowdown in demand for smartphones, TVs and gadgets as surging inflation and deepening concerns of a recession crimp consumer spending.

Comments from top company executives in Asia, often called the world39;s factory, echo warnings from U.S. and European firms who say shoppers with lower incomes are skipping discretionary items and sticking to cheaper basics when buying everyday necessities amid global uncertainty, the crisis in Ukraine and the impact of China39;s COVID lockdowns.

As a downturn looms, consumption is expected to generally slow down except for essential goods, LG Display Co Ltd, a supplier of display panels to Apple and TV makers, said on Wednesday.

Set makers and retailers in general are becoming more conservative in their business operations.

Samsung Electronics Co Ltd, the world39;s top maker of memory chips and smartphones, said on Thursday that PC and mobile demand is likely to see continued weakness.

While demand from server or data centre customers is less affected by macroeconomic issues, server clients would also have to adjust their inventory if a recession occurs, the South Korean firm cautioned. 

Data centre…