Chips Too early

Arriving early doesn’t mean much if the train is running late. The chip industry’s trade association looks well early on its call that global sales may grow this year. Chip sales may have risen by 16% in February compared the same month last year. But history, and a slowing underlying rate of growth of the industry suggest that the chip sector’s problems are not yet over. First, sales shrank by 2% compared to January. February may be a slow month for sales, but it still looks early to say the c...