NEW YORK (
) -- After tumbling off a cliff earlier this year, the chip sector has managed to regain some footing thanks to a modest boost in consumer spending, Gartner says in
The tech research shop now predicts semiconductor industry sales will be down 11.4% below 2008 levels. And while that is a significant drop, it is
only half as bad as the 24% decline Gartner originally forecast
The revised forecast follows a report last month from Gartner that called for
, swinging from a historical collapse to a slight gain.
"The PC segment was the first to spring back, followed later in the year by other segments reflecting consumer sentiment, like cell phones and automobiles," Gartner said in the report Thursday.
But don't expect a sudden recovery in business technology spending, says Gartner.
"Enterprise spending was most deeply impacted by the recession and remains slow to recover," Gartner said in a press release.
The news comes a day after
as it exerted pressure on PC makers like
to shun rival chip suppliers like
Part of the Federal Trade Commission's case against Intel centers on the company's effort to block Nvidia's graphic processors from the booming netbook segment.
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