Feeds

Weak phone, consumer markets slash chip sales hopes

UK and Ireland will see £6.8bn

  • alert
  • submit to reddit

British research group the Federation of the Electronics Industry (FEI) has halved its prediction for chip sales growth this year.

The FEI now reckons the UK and Ireland in 2001 will see six per cent growth, down from the 14 per cent forecast in its Semiconductor Annual Review. Malcolm House, economist and statistician at the FEI, told The Electronic Times that sales were expected to reach £6.8 billion, compared to the previous forecast of £7.3 billion.

The group has also cut its predictions for 2002 - it now expects sales growth of eight per cent for the year, compared with the previous 11 per cent prediction. Sales are forecast at £7.3 billion. For 2003, chip sales are expected to rise eight per cent to £7.9 billion.

The reduced figures are due to companies cutting back operations in their consumer businesses in the UK, and also to demand for mobile phones slowing.

"This year everyone has pulled back a long way," said House. ®

Related Link
Electronics Times article

Related Stories

Toshiba cuts forecasts for 2002
VIA sales up in February

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.