InfoAnda - Chip sales down 30 pct in March: SIA

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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: Chip sales down 30 pct in March: SIA AFP - Saturday, May 2 WASHINGTON (AFP) - - Global semiconductor sales fell nearly 30 percent in March compared with a year ago but improved slightly over the previous month, the Semiconductor Industry Association (SIA) said Friday. ADVERTISEMENT Worldwide sales of semiconductors hit 14.7 billion dollars in March, down 29.9 percent from a year ago as the global recession continued to take a big bite out of the computer chip industry, the SIA said. It said sales for the first quarter fell to 44 billion dollars from 62.8 billion dollars during the same period last year, and 52.2 billion dollars in the fourth quarter of 2008. The trade association said that while sales were down year-on-year, March sales of 14.7 billion dollars were a 3.3 percent improvement on February sales of 14.2 billion dollars. "The modest sequential rebound in worldwide sales in March suggests that demand has stabilized somewhat, albeit at substantially lower levels than last year," SIA president George Scalise said. "There are some bright spots such as 'smartphones' and 'netbook' PCs, but there are no clear signs of early firming of demand in other major end markets such as automotive, corporate information technology, and consumer electronics. "The global chip industry continues to reflect the influence of the worldwide economic slowdown," Scalise said. "We expect economic stimulus measures in the US combined with other countries will begin to impact sales as we enter 2010," he added. Market research firm Gartner said last month that worldwide semiconductor revenue fell by more than five percent last year and could face a "far worse" decline this year. Email Story IM Story Printable View Blog This Recommend this article 0 users recommend Sign in to recommend this article » Most Recommended Stories » Related Articles: Internet Portals & Search Engines Virtual mobility for disabled wins Second Life prizeAFP - Saturday, May 2 White House takes Web 2.0 leapAFP - Saturday, May 2 Chip sales down 30 pct in March: SIAAFP - Saturday, May 2 Sri Lanka army website hacked: defence ministryAFP - Saturday, May 2 Related Articles: Technology US-TECH SummaryReuters - Saturday, May 2 Cyber chief needs to be in White House: expertsReuters - Saturday, May 2 Virtual mobility for disabled wins Second Life prizeAFP - Saturday, May 2 White House takes Web 2.0 leapAFP - Saturday, May 2 Chip sales down 30 pct in March: SIAAFP - Saturday, May 2 Related Full Coverage Internet Portals & Search Engines Latest development in the online world All Full Coverage Most Popular – Technology Viewed Kenyan women to sex-starve men -- for politics Chrysler begins court bid for quick bankruptcy exit Swine flu spreads economic shivers ExxonMobil profit plunges 58 percent Britney's ex-manager forced to stay away from star View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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