UPDATE: Chip sales to fall more than 7% in 2019 after three years of growth, IDC predicts
International Data Corp. said Wednesday that semiconductor sales are expected to suffer a sharp downturn in 2019 after growth in three consecutive years. The analysis firm said that chip sales are now expected to decline 7.2% this year, to $440 billion from $474 billion, after growing 13.2% in 2018. Much of the downturn is attributed to memory chips, which were bought in large amounts in 2018 due to short supply at the end of 2017, and are now being digested by the companies that bought them, hurting memory suppliers such as Micron Technology Inc. (MU) and
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(END) Dow Jones Newswires
May 15, 2019 15:57 ET (19:57 GMT)
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