The global chip market won’t grow as fast as expected this year because users haven’t bought as many PCs and Macs as anticipated, the industry group, World Semiconductor Trade Statistics (WSTS), said Tuesday.Global chip sales will likely grow only 8.5 percent this year to US$247 billion, slower than the 10.1 percent growth WSTS had forecast earlier this year.In 2007, the global chip market will grow at an 8.6 percent clip, WSTS said, and in 2008, the pace will increase to 12.1 percent, led by growth in the Asia-Pacific region.The Asian chip market was previously fueled by the shift of manufacturing to the region, but now domestic demand has taken the lead in the region, WSTS said. The trade group also said consumer electronics and mobile communications will continue to lead other segments of the IT industry in increasing semiconductor content per unit.-Dan Nystedt, IDG News Service (Taipei Bureau) Related Links: Chip Sales in Aug. Hit Record $20.5B TSMC Q3 Profit Hit by Chip Glut HP Announces Tiny Wireless Memory Chip NEC to Ship HD DVD, Blu-ray Dual Format ChipCheck out our CIO News Alerts and Tech Informer pages for more updated news coverage. Related content News Amazon to lay off 9,000 more workers, including some at AWS The latest round of Amazon layoffs will impact AWS, Twitch, advertising and PXT, CEO Andy Jassy said. By Jon Gold Mar 20, 2023 3 mins Technology Industry Cloud Computing BrandPost What’s next for network operations Broadcom: 2023 Tech Trends That Transform IT By Serge Lucio, Vice President and General Manager, Agile Operations Division Mar 20, 2023 8 mins IT Leadership Networking BrandPost Digital transformation obstacles: Stubborn challenges, what to do about them Value Stream Management is an increasingly essential approach to strategic transformation initiatives. To help teams more fully capitalize on the opportunities it presents, Broadcom is holding its third annual VSM Summit. By Marla Schimke, Head of Product and Growth Marketing, Broadcom's Enterprise Software Division Mar 20, 2023 3 mins Devops Software Development Feature CEO directives: Top 5 initiatives for IT leaders As organizations change course with economic gyrations, collaboration between IT and business becomes priority No. 1 for CEOs. By Stacy Collett Mar 20, 2023 7 mins IT Leadership Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe