Worldwide chip sales down three percent in November

Stats released by Carnegie have shown that worldwide chip sales in November have fallen due to the old spectres of a dire world economy and Thai floods ripping their way through supply chains.

World chip sales are expected to hit $25.6 billion in November, a drop from $25.74 billion in October.  This means that seasonally adjusted figures show a three percent drop month on month, with chip sales down four percent on an annual basis.

Analysts believe chip sales will stay level for the year, with a two percent rise expected in 2012.

An early indicator shows that the three month average for chip sales is less than normal in the run up to Christmas with the industry set for a spot of belt tightening this festive season.

It was noted that Chinese high tech exports underperformed during the month of November, and is one of the key reasons why China’s overall exports lagged behind India over the course of year.  This is because the tech sector is one of the top driving forces of the Chinese economy, as well as steel, chemicals and cars.

Korea noticed a drop in chip exports during November, with Japanese exports similarly weak during the preceding month.

One area of positive results was the smartphone market with China seeing orders climb 30 percent year on year. 

Unsurprisingly the lacklustre TV industry, where many manufacturers are seeing losses, saw weak demand.

China also produced less PCs in November, another bad month in a row, though still showing yearly increases.

As well as the overall chip market being affected the Thai floods hit the Chinese smartphone market, with shortages of Huawei and ZTE handsets.

In the US, PC imports were at a record high on a seasonally adjusted basis in October, with Best Buy reporting strong sales on cheapo, no frills notebooks.