LONDON – After the August three-month average of global semiconductor sales came in ahead of his expectation Bruce Diesen, analyst with Carnegie ASA (Oslo, Norway), has raised his forecast for the 2010 annual chip market.
Carnegie is now forecasting 27 percent growth annual growth in 2010, revised up from 25 percent, and 8 percent growth in 2011. The growth figure is lower than the 35 percent many organizations are predicting. The market analyst iSuppli Corp. recently revised its forecast down to 32 percent.
The three-month average of global sales of semiconductors for August was $25.69 billion, up 1.8 percent compared with the previous month and up 32.6 percent compared with the same month a year before, according to the European Semiconductor Industry Association (ESIA). "Actual chip sales rose 31 percent year-on-year, with volumes up about 18 percent and prices up about 11 percent," said Diesen in a note.
Diesen put the August performance down to expected strength in smartphone chips but continued and less expected strength in chips for PCs although memory sales in both NAND and DRAM forms is weakening.
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