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Though the chip industry's inventory correction technically ended this spring, global chip sales...

  • Tuesday, October 2, 2012, 7:05 PM ET
    Though the chip industry's inventory correction technically ended this spring, global chip sales fell 3.2% Y.Y in August and were nearly flat M/M, the SIA estimates. Weak PC, TV, and telecom equipment sales have easily offset healthy mobile device demand. Chip stock valuations have compressed some over the last 3 weeks, but remain above last fall's lows. (FBR comments) (historical chart - PDF)
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    So, some substance behind falling chip maker equity prices then. Will be interesting to see Q3 earnings then.
    2 Oct 2012, 07:27 PM Reply Like
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