However, chip revenue was down 30% from February 2008
By Jim Carbone -- Purchasing, 4/6/2009 11:23:00 AM
Worldwide sales of semiconductors in February were $14.2 billion, down 7.6% from January, according to the Semiconductor Industry Association. February sales were 30% lower than February 2008 when revenue totaled $20.3 billion.
“The global semiconductor industry is going through one of the steepest corrections in its history,” says SIA President George Scalise. “While it would be premature to conclude that the sales decline has hit bottom, there are some indications that the rate of decline has moderated from the final quarter of 2008.”
He says chipmakers have responded quickly to weaker chip demand by cutting back production and reducing inventories. Large foundries are reporting slight improvements in factory utilization rates, according to Scalise.
However, demand for semiconductors is likely to continue well below 2008 levels for the next few quarters, with “a gradual recovery to follow as the global economy recovers,” says Scalise.
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Worldwide sales of semiconductors in February were $14.2 billion, down 7.6% from January, according to the Semiconductor Industry Association. February sales were 30% lower than February 2008 when revenue totaled $20.3 billion.
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