It's been a poor year for the semiconductor industry, with all the gains made during 2011 expected to be wiped out.
Poor PC sales have hit semiconductor suppliers hard, leaving them with "alarmingly high levels" of chips held in inventory. If things don't pick up in 2013, this will mean significant inventory write-downs throughout the year.
The Semiconductor Industry Association released a new report that shows chip sales in February reached $27.8 billion, an increase of almost seven percent over the same period a year ago.
The global semiconductor industry maintained momentum in February, posting its 22nd straight month of year-to-year growth despite macroeconomic headwinds,” said John Neu