Worldwide sales of semiconductors reached $15.3 billion in January, down 28.6 percent compared to January 2008 sales of $21.5 billion, according to the Semiconductor Industry Association (SIA). Compared to December 2008 sales of $17.4 billion, the figure is down almost 12 percent.
SOURCE: SIA“Worldwide semiconductor sales in January, historically a relatively weak month for the industry, reflected a continuing erosion of consumer confidence and the effects of the global economic recession,” says SIA President George Scalise. “Sales declined across the entire range of semiconductor products, as sales of important demand drivers such as personal computers, cell phones, automobiles and consumer items remained under pressure. Inventory levels are very low and there are some signs that forward visibility is improving.”
SIA said the Economic Recovery Act recently passed by the Congress and signed by President Obama and measures adopted in other countries have the potential to drive future demand for semiconductors while addressing important issues such as energy, health care, and infrastructure improvements.
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