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Income drops for supplier of chips used in Xbox 360
>> From iht.com:
[QUOTE]
Chartered Semiconductor Manufacturing, a supplier of chips used in the Xbox 360 and video iPod, posted the smallest profit in five quarters as customers used up stockpiles.
Chartered forecast profit and sales to fall in the current three months, as demand for computers and game players declines, suggesting the industry may not see a recovery at least until the next quarter. The company joins industry leader Taiwan Semiconductor Manufacturing in reporting a smaller profit because of an increase in worldwide supplies of chips.
"First-quarter guidance for the industry is slightly worse than expectations due to lower handset and PC demand," said Pranab Kumar Sarmah, head of electronics research at Daiwa Institute of Research in Hong Kong. "However the recovery in the second quarter looks to be intact as inventories clear up."
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Full Story: iht.com
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