Dateline City:
EL SEGUNDO, Calif.
Weakening economic conditions are spurring reduced demand for PCs and related electronic components, prompting IHS to downgrade its forecast for 2012 global semiconductor market chip revenue.
Global semiconductor revenue now is expected to decline slightly for the year, contracting by 0.1 percent, according to preliminary results from the IHS iSuppli Application Market Forecast Tool from information and analytics provider IHS (NYSE: IHS).
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