Chip sales decline
Semiconductor sales declined in November because of the global economic downturn
By Jim Carbone -- Purchasing, 1/15/2009 5:57:00 PM
Worldwide sales of semiconductors declined to $20.8 billion in November, a drop of 9.8% from November 2007 when sales were $23.1 billion, according to the Semiconductor Industry Association (SIA).
Chip sales were 7.2% lower than the $22.4 billion in October 2008. Sales for the first 11 months of 2008 were $232.7 billion, an increase of 0.2% from the first 11 months of 2007 when sales were $232.2 billion.
“The worldwide economic crisis is having an impact on demand for semiconductors,” says SIA President George Scalise. “Not all segments of the industry are being affected equally by the downturn. The memory market which has been under severe price pressure throughout the year has seen sales decline significantly while many other product sectors have year to date sales above 2007 levels,” he says.
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