Sales of tech products are down.
Therefore chip sales are down. This story is in the New York Times.
Warehouses are bursting with over supply whiles sales are dropping preciptiously.
Here’s an excerpt:
With sales of most manufactured goods plunging in this recession, demand for chips is evaporating. In January alone, chip sales plummeted by almost a third from the previous year, to $15.3 billion, according to the Semiconductor Industry Association.
“This is the worst recession the semiconductor industry has seen since its inception,” said Sean M. Maloney, the chief sales and marketing officer at Intel, at a news conference Monday.
(I’ve done my bit. I ordered a netbook which I look forward to reviewing.)