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Non-PC devices drive chip sales up

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Chip sales were up in November, but may still fail to meet forecasts for the year. 

Worldwide, semiconductor sales rose 2,3% in November – but December figures will have to come in very strongly if the year's figures are to meet expectations.
George Scalise, president of the Semiconductor Industry Association, has issued a release saying the December sales will need to be particularly strong to meet the expected 3,8% growth rate for 2007.
Up to the end of November, semiconductor sales were are $2,3-billion, 2,8% higher than the same period in 2006.
The higher volume went some way towards offsetting prices declines of up to 20%.
Semiconductor sales increases are largely being driven by "non-computer" devices like LCD TVs, MP3 players, digital cameras and cell phones.
Cell phone sales are expected to have grown more than 20% in 2007, while PCs should have seen growth of about 10%.