HP and Dell are top chip buyers in 2004

HP chip spending will reach $14.5 bln in 2004, up 31% from the $11 bln it spent last year, iSuppli said. HP is expected to spend $16.1 bln in 2005. Expenditures among the top 160 original equipment manufacturers in 2004 will touch $167 bln, about 24% more than 2003 $135 bln. The projected sum for 2005 is $184 bln. About 47% of chips will eventually land in Asia this year. Dell will pay $13.4 bln for chips in 2004, about a third more than the $10.1 bln it spent the previous year, to retain the second position. But it will inch closer to HP by 2005, with its spending for next year expected to hit $15.6 bln. The largest spending growth came from Samsung, which topped IBM and Siemens to claim the fifth position among semiconductor buyers. Samsung will spend $5.88 bln, up 36.1% from a year ago.