By Aled Herbert, 3 July 2002 09:00
NEWS Shares in US chipmaker National Semiconductor fell 17 per cent yesterday following a downgrade from Salomon Smith Barney. And analyst for the brokers said he was concerned about the company's ability to meet targets considering the increasingly depressed nature of the PC and mobile phone market. The chip industry is slowly recovering after the market declined 32 per cent in 2001. Global chip sales are expected to rise three per cent this year, according to estimates from the Semiconductor Industry Association trade group.
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