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Worldwide chip sales dipped in November

Posted: 06 Jan 2009 ?? ?Print Version ?Bookmark and Share

Keywords:downturn economic? decline sales? worldwide sales chip?

Worldwide sales of semiconductors declined in November to $20.8 billion, a decline of 9.8 percent from November 2007 when sales were $23.1 billion, the Semiconductor Industry Association (SIA) reported. Sales were 7.2 percent lower than the $22.4 billion in October 2008. Excluding memory products from the calculation shows a slower year-on-year decline of 4.8 percent to $17.3 billion from $18.2 billion. Sales for the first 11 months of 2008 were $232.7 billion, an increase of 0.2 percent from the first 11 months of 2007 when sales were $232.2 billion. Excluding memory products, year-to-date industry sales increased 5.6 percent.

"The worldwide economic crisis is having an impact on demand for semiconductors, but to a lesser degree than some other major industry sectors. We expect the industry will remain the second largest exporter in the United States for 2008," said George Scalise, SIA president. "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," Scalise added.

Scalise noted that the SIA has urged U.S. congressional leaders to move quickly to pass legislation that will strengthen consumer confidence, and stimulate government and industry investment that will drive near term economic growth.

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