LONDON -- Handelsbanken Capital Markets, predicted Thursday (May 27) that the worldwide chip sales figures for April 2004, due to be published over the weekend as a three-month moving average by WSTS, would be $$16.76 billion, up 3.0 percent sequentially from $16.275 billion in March.
That would also signify 35.3 percent market growth for April 2004 compared with April 2003.
That growth compares with March's three-month average year-on-year growth of 32.3 percent and a figure of 30.8 percent for February 2004 year-on-year
The world's semiconductor industry associations put out sales reports as three-month moving averages of monthly sales activity to smooth out variations due to companies' monthly financial calendars.
Handelsbanken Capital Markets, a business unit of Svenska Handelsbanken AB based in Stockholm, Sweden, said it expected worldwide chip sales to show strong growth driven by DRAM sales and sales of integrated circuits for mobile phones, as it was in March. Iit was predicted that consumer electronics would probably be slightly weaker.
"US computer shipments rose in April, while Taiwanese data indicate a slight softening in April. Company reports from Dell, HP and
Tech Data were positive. We expect computer chips, the biggest category of chips, to be strong in April. Samsung and LG have both reported strong shipments in April, we expect cell phone chips to show another strong month," said Handelsbanken in a note.
Despite semiconductor sales growth of 30.9 percent in 2004 to date and predicting 35 percent growth in April 2004 Handelsbanken has maintained its prediction of 19.6 percent growth for the 2004 year as a whole, which would take the annual market to $199 billion.