News Article
Dramatic fall in inventories bodes well for 2005
The worldwide electronics industry reduced inventories "dramatically" faster than expected in the first quarter of 2005, according to market analyst iSuppli
The worldwide electronics industry reduced inventories "dramatically" faster than expected in the first quarter of 2005, according to market analyst iSuppli, boosting the odds of chip market growth for the full year.
The value of surplus chip stockpiles plunged to $500 million in the first quarter, down 51.5% from $1.03 billion in the fourth quarter of 2004, iSuppli's figures show.
The company had previously predicted that total excess semiconductor stockpiles in the first quarter would decline by 24% to $780 million.
