SAN JOSE, Calif. Worldwide semiconductor sales are projected to drop by 3 percent in September amid the current inventory correction problems in the marketplace, according to Handelsbanken Capital Markets.
"We expect the three-month average of world chip sales to rise from $18.19 to $18.23 billion in September," according to the research firm. "Using our seasonal adjustments, that represents a 3 percent month/month drop."
The figures are disappointing, given that "September is normally a very strong month," according to the firm. "We expect consumer electronic chips, wireless infrastructure and wired communication to be weaker."
The Semiconductor Industry Association (SIA) said worldwide sales of semiconductors rose to $18.2 billion in August, exceeding expectations of $18 billion and 34.2 percent ahead of the equivalent figure in 2003 (see Sept. 30 story).
The SIA is expected to officially disclose September chip sales next week.