Philips Warns on Chip Sales
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Europe's top consumer electronics  group Philips cut the forecast for its closely watched chip  unit on Friday and predicted a significant slowdown for the  semiconductor industry next year.
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Sales of semiconductors in November indicate that consumer products such as LCD (liquid crystal display) TVs, digital music players, and other devices sold well during the holidays, the Semiconductor Industry Association (SIA) said Monday.November chip sales rose 2.3 percent year-on-year to $23.1 billion, the SIA said.Unit demand has far outpaced last year. But falling chip prices have hurt industry revenue, the chip association said. For example, DRAM (dynamic RAM) bit shipments grew 25 percent in the three months through mid-December, but average selling prices have declined 20 percent over the same period.The association also noted that rising energy prices and concerns about the sub-prime lending issue in the U.S. do not appear to have had a significant impact on consumer spending for the holidays, the SIA said. The group reiterated its forecast that worldwide semiconductor sales will reach a new record in 2007. But it will take a stronger than expected December selling season to reach the 3.8 percent growth goal the group had&#160;forecast earlier this year, the SIA said.Investment banking firm Credit Suisse was not as optimistic as the SIA.The November data was below normal seasonal trends, noted analyst John Pitzer, in a report on Monday. Even if December reaches its normal seasonal growth, 2007 industry revenue will only reach $255.7 billion, up 3.2 percent over last year. The growth percentage would fall short of the SIA&#39;s 3.8 percent target.The slow November prompted Credit Suisse to lower its 2008 chip industry revenue forecast to 9.4 percent year-on-year growth, down from a previous target of 13 percent.
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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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TechWeb - The maker, LG.Philips, will also show an 84-inch LCD screen at the Consumer Electronics Show next week.
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By Bangkok Post, Thailand  Sep. 7--Philips Electronics (Thailand) Ltd will transfer all 3,400 of its  semiconductor sales and marketing staff to a newly established company,  Philips Semiconductors SMO, the sales and marketing arm of NXP Semiconductors,  on Oct 1.
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LONDON (CBS.MW) -- Philips Electronics on Friday lowered its forecast for semiconductor sales, just two days after the head of the unit said he was stepping down.
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The electronics company warns on third-quarter earnings.
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currently CEO of Philips&#39; consumer electronics business groups -- will succeed the unit&#39;s CEO Scott McGregor. The company is scheduled to hold a Semiconductors and Technology analysts day in Holland on Friday.
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Samsung has ordered a chunk of Near Field Communication chips from Philips. Like DoCoMo&#39;s FeliCa, these chips are primarily expected to be used in mobile banking applications, but can be used for tickets, electronic locks and more.
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After an absence of a decade, Philips Electronics is making personal computers again, the company said on Thursday. The Netherlands-based electronics conglomerate, which abandoned the
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Royal Philips Electronics NV, Europe&#39;s third-largest maker of semiconductors, reduced its third- quarter chip sales forecast as demand wanes, joining companies including Texas Instruments Inc.
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Signaling a possible wider slowdown in the semiconductor industry, Royal Philips Electronics on Friday became the latest company to say that its chip sales had begun to stall, at least temporarily.
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Chip maker likely is making way for new products.
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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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LONDON (CBS.MW) - Philips Electronics, the largest consumer electronics maker in Europe, on Tuesday cautioned it expects flat sales in its semiconductor business in the fourth quarter and is seeing ongoing margin pressure in consumer electronics.
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(InfoWorld) - Koninklijke Philips ElectronicsÂ hopes to dominate the market for electronic healthcare products in much the same way that Apple conquered the ears of consumers with its successful iPod portable music player. With the entertainment segment of consumer electronics likely to remain a high-volume, low-margin business, Philips views healthcare gadgets, targeted largely at an aging baby-boom generation, as a market with great potential, said Rudy Provoost, chief executive officer of Philips' consumer electronics division, in a speech Saturday at the IFA electronics show in Berlin. "Globally, the population of people 60 and older is growing by 2 percent per year, faster than the population as a whole," Provoost said, citing a United Nations report. "The most developed nations already have a higher proportion of 60-plus citizens than children up to the age of 15." As part of its Connect Care product development project, Philips is working on a variety of "body-driven" consumer electronics products that could help improve people's health and well-being. Provoost showed a video of a woman with a small, white iPod-like device attached to her that was designed to monitor her health using a conductive skin response technology. The device, when placed near a special display, shows images of the woman's health status, making suggestions where corrections are needed and also sending alerts where emerging problems are detected. It can also be programmed to help the woman overcome sleeping problems. Even if Philips is looking to healthcare to lift its profits, the company also hopes to squeeze more money out of consumers' pockets with innovative entertainment products. Provoost pointed to the company's Ambilight technology for reducing eye strain on flat-panel TV screens as an example of how to entertain consumers in a more "relaxing and exciting way." At the IFA show Philips, which introduced the world's first flat-panel TV a decade ago, showed a prototype 100-inch flat-screen TV with Ambilight. As part of its Lifestyle Home project, the company is using consumer electronics as a platform to connect diverse technologies, such as electronic paper, gesture-sensitive smart skin surfaces, algorithms that create ambient mood lighting, remote controls and contactless purchase systems for secure in-home payment. A video showed a women pointing a remote control at a movie on the TV and dragging the image over to a flat-panel in another corner and then to picture frames. Provoost made a pitch for "open innovation," calling on companies, universities and research institutes to combine knowledge, efforts and money to develop new consumer electronic products. A go-it-alone strategy in the 21st century, the Dutch CEO said, would be "outright suicidal."
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Computer processor maker Advanced  Micro Devices Inc.  on Thursday warned that  second-quarter sales would miss expectations as price cuts by  rival Intel Corp.  on chips to power desktop PCs  hampered demand.