Chip sales likely slowed in June, says analyst

Chip sales likely slowed in June, says analyst

SAN FRANCISCO—Worldwide semiconductor sales on a three-month average basis were likely about $24.55 billion in June, up slightly from $24.4 billion in May, but down from May on a seasonally adjusted basis, according to Bruce Diesen, an analyst at Carnegie Group (Oslo, Norway).

Diesen noted that the seasonal dip would be compared with the reasonably strong levels of May, when chip sales came in better than expected. He added that sales of $24.55 billion in June would still be a decent level.

"There have been some recent profit warnings in the PC and handset sectors, but that seems to be something that will show up in chip shipments in Q3," Diesen wrote in a report circulated Tuesday (July 17).

Earlier this month, Diesen lowered his forecast for 2012 chip sales, saying he now expects sales to be roughly flat with 2011 sales of around $300 billion. That puts Diesen's forecast for the year in line with forecasts from the Semiconductor Industry Association trade group and the World Semiconductor Trade Statistics group.

Diesen expects chip sales to grow by about 7 percent in 2013.



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