Global chip sales totaled $24.1B in April, the SIA estimates, up 3.4% M/M but down 2.9% Y/Y, as...

|By:, SA News Editor

Global chip sales totaled $24.1B in April, the SIA estimates, up 3.4% M/M but down 2.9% Y/Y, as the chip industry's recovery from a major inventory correction proves a slow affair. The SIA claims the industry's outlook remains one of "cautious optimism," Chip stocks are now pricing in a far amount of caution, following a raft of bad news related to PC sales, IT spending, and Euro demand. (March sales) (Canaccord)