The worldwide chip market dropped from being labeled "stagnant" to "in a slump" this year, with one analyst firm downgrading its forecast to a level that puts the entire year in a decline.
IHS iSuppli announced Monday that it is downgrading its forecast for the global semiconductor market this year. The analyst firm now expects worldwide chip sales to decline 2.3 percent in 2012, from $310 billion in 2011 to $303 billion this year.
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