Chip Sales to Fall This Year, Gartner Says in Forecast Reversal

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Semiconductor sales worldwide will decline 0.1 percent this year to $299 billion, research company Gartner Inc. said, reversing a previous forecast that revenue would rise 5.1 percent.

Gartner also lowered its projection for chip sales in 2012, predicting a 4.6 percent increase versus a 8.6 percent gain, citing a worsening economic outlook.