LONDON Global chip sales in October are believed to have been flat on the previous month, according to analysts at Carnegie Group (Oslo, Norway). The three-month average of August, September and October chip sales is expected to be reported as $21.0 billion, compared to $20.6 billion for the equivalent figure in September.
This would represent a fall of 6.5 percent against the three-month average for October 2008 However, actual October chip sales probably rose 3.5 percent compared with October 2008, according to Bruce Diesen, a senior strategist and analyst at Carnegie ASA.
"PC and auto chip volumes probably improved, while memory chip sales improved due to higher prices. Handset, LCD TV and base station chips were probably slightly softer in October. Korean handset exports were soft for the 2nd month in October due to high inventories at the Korean producers," said Diesen in a note to clints.
Carnegie has not changed its full year predictions, that 2009 chip sales will fall 12 percent in dollar terms and in 2010 that chip sales will rise 11 percent.
Related links and articles:
Analyst raises chip market forecast on September strength
September 'actual' chip sales narrow the gap on 2008
August 'actual' chip sales hint at double dip