What happened Shares of semiconductor design outfit Himax Technologies (NASDAQ: HIMX) took a steep 19.6% hit last week. After two years of heavy spending on work-from-home and other at-home products, the global consumer is shifting its wallet toward more basic items as inflation rages. Now what As if to reinforce the deteriorating short-term outlook for consumer electronics, memory-chip maker Micron Technology (NASDAQ: MU) issued weaker-than-expected financial guidance on June 30 as well.