LONDON Ė The three-month average of global chip sales for July is going to be reported as $24.8 billion, up compared with a figure of $24.68 billion reported for June by World Semiconductor Trade Statistics organization, according to Bruce Diesen, an analyst at Carnegie Group (Oslo, Norway).
However a seasonal increase on a three-monthly average in the semiconductor market is usually strong in July and the average would still be 2 percent behind the equivalent figure for 2010, $25.12 billion.
However, Diesen said that on a seasonal basis July showed strength after softness in May and June. Diesen tweaked his predictions for global chip market growth in dollar terms in 2011 up to 4 percent, from a previous prediction of 3 percent.
The technology sector is one of the four largest sectors in the Chinese economy along with motor vehicles, electricity production and steel production, Diesen said.
China has been suffering from a continued shortage of electricity, but cooler weather in early July led to an easing of the electricity shortage which in July was 20-GWh as compared with an expected shortage of 30-GWh. Foxconn, the producer of the iPhone and other consumer electronics products is China's largest exporter.
Another bullet point for July from Diesen is that China exported 77 million mobile phone handsets in July up 27 percent year-on-year, while personal computer production rose 55 percent year-on-year in July making that month the strongest monthly growth of 2011.
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