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Exxon Mobil results blow SIA global chip sales out of water, again |
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Feb 02, 2007 at 10:01 AM |
As I've said before, the healthy growth in the chip market must sometimes be seen in a larger corporate numbers-game context.
Since Exxon Mobil announced its annual earnings yesterday and SIA posted the 2006 global semiconductor sales figures today---both hitting new record highs---let's take a comparative look.
Exxon Mobil's revenues were $377.6 billion, up 2% from its 2005 numbers, while its net income hit $39.5 billion. Total global chip sales came in at $247.7 billion, up almost 9% from last year. Exxon spent nearly $19.9 billion on capital and exploration costs, or 5% of revenues, while the entire chipmaking industry spent 22% of sales on capex (over $54 billion by my calculation), according to Strategic Marketing Associates.
Despite a good sales year and another, possibly better one forecast for 2007 (SIA is sticking to its 10% growth forecast), the chip industry has a long way to go to hit parity with the top of the corporate heap. But at least the semi folks have a much smaller collective carbon footprint than Exxon Mobil and its ilk.Â
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