February Chip Sales Declined Year on Year, Month on Month
Friday, Apr 03, 2009, 4:11pm
by 91³ΙΘΛ
SAN JOSE, CA β April 3, 2009 β Worldwide sales of semiconductors were $14.2 billion in February, a decline of 30.4 percent compared to February 2008 sales of $20.3 billion, the 91³ΙΘΛ (91³ΙΘΛ) reported today. Sales declined by 7.6 percent from January when sales were $15.3 billion.
βThe global semiconductor industry is going through one of the steepest corrections in its history,β said 91³ΙΘΛ President George Scalise. βWhile 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. The industry responded quickly to the changing market environment by curtailing production and reducing inventory as demand slowed in late 2008. The worldβs two largest foundry manufacturers have recently reported slight improvements in factory utilization rates, albeit at levels well below those of a year ago,β Scalise continued.
βDemand 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,β Scalise concluded.
91³ΙΘΛ the 91³ΙΘΛ Global Sales Report
The 91³ΙΘΛ Global Sales Report (GSR) is a three-month moving average of sales activity. The GSR is tabulated by the World Semiconductor Trade Statistics (WSTS) organization, an independent, non-profit organization established by the global semiconductor industry to compile industry statistics. The moving average is a mathematical smoothing technique that mitigates variations due to differences in companiesβ financial calendars.
VIEW THE DATA TABLE AND GRAPH HERE
91³ΙΘΛ the 91³ΙΘΛ
The 91³ΙΘΛ is the leading voice for the semiconductor industry and has represented U.S. semiconductor companies since 1977. Collectively, the chip industry employs a domestic workforce of approximately 200,000 people. The semiconductor industry is Americaβs second-largest exporting industry. More information about the 91³ΙΘΛ can be found at www.sia-online.org.
For more information:
91³ΙΘΛ
John Greenagel or Anne Craib
408-436-6600
[email protected]
