Is worst over for chips?

The semiconductor industry seems to have two faces: It is still reeling from Asia's financial woes and a worldwide sales slump, but stocks in the sector are beginning to recover as a new report forecasts a rebound.

Chip slide may have hit bottom update The semiconductor industry is taking a break from its ongoing woes, with many of the market leaders gaining on the stock market Chip slump continuing Global sales continued their slump in June, slipping over 14 percent from a year ago, but hard drives may have bottomed out. NEC wilts on chip, PC sales woes Company shares languish, hitting a 22-month low amid worries over its loss-making U.S. PC unit and weak chip prices. Hyundai: Talks with Intel off update The Korean company says talks with Intel on a $1.15 billion Scotland chip plant venture have broken off.