Gartner slashes semiconductor forecast
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Semiconductor sales were originally expected to rise by 6.4% over 2006 levels, according to a new study from Gartner, but now are expected to grow by only 2.5%.
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Worldwide semiconductor revenue is forecast to reach 226 billion US dollars in 2004, a 27.4 percent increase from 2003 revenues, according to the latest quarterly update released Tuesday by Gartner.
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STOCKS in the United States fell - led by technology shares - after the world&#39;s biggest semiconductor maker Intel cut its revenue forecast because of slowing demand for personal computers and mobile phones.
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A negative financial update from  Advanced Micro Devices Inc. late on Monday raised a potentially  ominous sign for semiconductor stocks ahead of Tuesday's  bellwether earnings report from Intel Corp.
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Advanced Micro Devices Inc.  , the No. 2 microprocessor maker, warned on Monday that  it will likely miss its quarterly revenue target as it loses  market share among computer resellers, a traditional bulwark of  its business.
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U.S. stocks slipped on Tuesday on a sell-off in the semiconductor sector after microchip maker National Semiconductor Corp.  cut its quarterly revenue forecast, while Dow component Hewlett-Packard Co.  declined on news about a competitor's product launch.
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A negative financial update from Advanced Micro Devices Inc. late on Monday raised a potentially ominous sign for semiconductor stocks ahead of Tuesday's bellwether earnings report from Intel Corp.
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The Semiconductor Industry Association (SIA) yesterday scaled back its forecast for this year&#39;s semiconductor sales, after demand slowed though July, August and September.
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ANNUAL growth in global semiconductor sales will probably fall by half in 2005 and memory chip sales growth could collapse as a supply glut saps prices, Samsung Electronics has warned.
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National Semiconductor Corp., which makes analog chips used in cell phones, computers and televisions, said Thursday it is cutting about 550 jobs, or about 6 percent of its global work force, as it copes with an inventory buildup and lower demand.
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The market for semiconductor  equipment is expected to contract by almost 10 percent in 2008  largely due to lower spending from makers of computer memory,  market research firm Gartner said in a statement on Thursday.
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Clouds continued to gather over the chip sector last week after Philips confirmed a bleaker outlook for sales, and analog and DSP chip vendor Cirrus Logic Inc sharply downgraded its forecast for the current quarter because customers want to reduce
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BOSTON - The semiconductor industry remains on track to record a significant increase in revenue during 2004, according to Gartner Inc.'s latest forecast for the year released Tuesday. After that, however, the outlook takes a turn for the worse.
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Analysts lower revenue projections for contract chip makers to 5.1 percent.
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(InfoWorld) - Taiwan Semiconductor Manufacturing Co. Ltd., the world's largest contract chip maker, reported its worst monthly revenue in 20 months on Friday, but analysts applauded the figure as further proof that an industry glut is dissipating. TSMC said its revenue in February hit NT$20.58 billion (US$624.2 million), down 14.3 percent compared to last year and its worst monthly revenue figure since it reported revenue of NT$20.11 billion in June, 2005. Despite the poor showing, analysts said it was a strong figure considering February is a shorter work month, at only 28 days, and that a major holiday, the Lunar New Year, celebrated throughout Taiwan and much of Asia, also slowed work at TSMC factories. Last year, the Lunar New Year, which is usually a week-long holiday in Taiwan, was on Jan. 29. This year, the first day of the Year of the Pig fell on Feb. 18. "I think the February sales figure was fantastic. It was only down about 2 percent from January," said Warren Lau, chip industry analyst at Macquarie Securities Ltd. in Hong Kong. He said TSMC's February revenue was further proof that a chip glut that has hampered the industry for the past several months is nearing an end. But the return to health over the next few months could be specific to TSMC, and not include the wider chip industry. Earlier this week, Advanced Micro Devices Inc. (AMD) said it will miss its revenue goal for the first quarter of 2007, while rival Intel Corp. outlined plans to beat a microprocessor glut and weak corporate demand for PCs by stepping up chip development speeds. The two companies engaged in a price war last year, and continue to suffer as they duke it out in the market, analysts say. Gartner Inc. believes the chip industry won't start to recover from the glut until the second half of this year. Rising inventories in late 2006 caused companies to slow production and ease off on buying new machinery as a drop in orders idled more and more production lines, said David Christensen, a Gartner analyst, in a recent report. "Look for this trend to continue through the first half of 2007, followed by a slow recovery in the second half of the year," he wrote. Last month, the market researcher revised down its revenue growth estimate for the chip industry this year to 6.4 percent, from a previous forecast of 9.2 percent. Gartner estimates chip industry revenue will reach US$259.7 billion this year. Â
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US stock futures pointed to a sharply lower start Friday as Intel Corp.&#39;s disappointing third-quarter revenue and margin forecast sent chip stocks tumbling overseas.
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Texas Instruments Inc., the leading maker of chips for cell phones, cut its profit and revenue forecast for the fourth quarter on Monday due to slower sales of semiconductors, and it warned that sales could weaken further early next year.