During the fourth quarter, semiconductor suppliers reduced their days of inventory by 5% compared with the third quarter, according to IHS iSuppli. Intel was particularly efficient in getting chip inventory out the door, reducing its hoard by $585 million or 11%, the market research firm estimated. "Semiconductor companies reduced their inventories at a faster-than-expected rate in the fourth quarter as they moved to adjust to weakening demand," IHS iSuppli's Sharon Stiefel said.

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