August Chip Sales Growth Slows on High Inventory
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Global semiconductor sales growth  slowed to 1 percent in August as electronics makers reacted to  growing inventories in Asia by limiting orders of chips, an  industry trade group said on Thursday.
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US manufacturing expanded at a slower pace in August as fewer companies reported an increase in orders and production. Construction spending rose to a record in July, private and government reports showed.
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Retail sales were weaker than expected in August; confidence wanes.
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Wal-Mart Stores (WMT) and other top retailers reported sluggish August sales Thursday, below Wall Street expectations, as soaring fuel prices cut into back-to-school spending.
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(InfoWorld) - Worldwide semiconductor sales surged to a record high $20.5 billion in August,Â led by memory chips, particularly DRAM (dynamic RAM) and NAND flash, the Semiconductor Industry Association said Tuesday. Strong PC sales helped boost both DRAM and microprocessor sales, the SIA said. And in a good sign for users, average selling prices for microprocessors fell 18 percent compared to last year due to stiff competition between makers such as Intel and Advanced Micro Devices. Chips used in consumer electronics devices showed strong growth as producers began stocking up ahead of the important holiday season. The sharp decline in gasoline prices has also been an aid, the SIA noted, since consumers can spend their fuel savings on electronic devices instead. The global chip industry derives over half of its revenue from consumer products such as mobile phones, MP3 players, and digital cameras. The August sales record was an increase of 10.5 percent over the same time last year, and 2.1 percent better than July, when chip sales totaled $20.1 billion. The previous record for one-month worldwide chip sales was $20.4 billion, set in November of last year.
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U.S. retail sales posted a larger-than-expected decline in August, a Commerce Department report on Tuesday showed, but the drop was mostly confined to the automotive sector.
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TSMC, the world&#39;s largest contract chip maker, said Thursday its sales fell in September for the first time in 7 months and warned they could continue to drop as demand falters amid a broad industry slowdown.
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Faced with mountains of inventory, quick thinking by some semiconductor manufacturers helped the market avoid its first decrease in chip sales since the war in Iraq began.
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Chipmaker reports record sales of server and notebook processors, but net income dips.
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Global semiconductor sales rose 1.1 percent to $18.2 billion in August from the previous month and it appears as though chip inventories are declining, an industry trade group said Thursday.
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Trade group says orders were down 5% from July after almost a year of growth, sees trend continuing. SAN FRANCISCO  - North American semiconductor capital equipment manufacturers reported that orders
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U.S. manufacturing expanded more slowly in August, according to a survey published on Tuesday.
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The semiconductor industry is showing  the first signs of slowing growth, trimming purchases of raw  materials and production equipment as demand slows, industry  executives and analysts said on Tuesday.
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Global manufacturing growth cooled in   August, new orders expanded at their weakest pace in a year and   inflationary pressures eased, a report said on Friday.
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Global semiconductor sales rose 1.1  percent to $18.2 billion in August from the previous month and  it appears as though chip inventories are declining, an  industry trade group said on Thursday.
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Global microchip sales will grow  by only 1.8 percent this year, much slower than an earlier  projection of a 10 percent increase, as prices in key markets  tumble, an industry group said on Wednesday.
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WASHINGTON -- Retail sales in August posted the weakest showing in two months as worried consumers curbed their spending habits.