Analyst: Chip sales were weak in April

Analyst: Chip sales were weak in April

LONDON – The three-month average of global chip sales is likely to be reported at $23.5 billion for April, unchanged compared with March, according to Bruce Diesen, an analyst at Carnegie Group (Oslo, Norway).

The Semiconductor Industry Association usually reports the three-month average of global sales for April as compiled by the World Semiconductor Trade Statistics organization early in June.

Diesen's figure would represent seasonal weakness and Diesen put this down to a combination of factors. He said that the PC market has been particularly slow and Apple will have a slow second quarter in handsets. The weaker yen is also having a negative impact, he said.

"We recently cut our semiconductor sales [growth] estimate to minus 1 percent in 2013 from our old estimate of plus 5 percent," Diesen wrote in a report circulated Thursday (May 30).

The report said that Taiwanese technology-based exports flat and U.S. retail sales were soft in April. On the plus side global sales of automobiles improved in April and probably also in May.


Related links and articles:

Chip sales up 1 percent through Q1

Chip market starts year brightly

December dip caps weak year for chip sales

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