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Semis sales holding up
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09/05/2008
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Worldwide sales of semiconductors of $63.4bn for the first quarter of 2008 were 3.8% higher in the first quarter of 2007, according to the Semiconductor Industry Association. However, sales declined by 5.1% in the first quarter of 2008, compared to the fourth quarter of 2007.
“Weakness in memory revenue as a result of rapid price erosion masks the overall strength of semiconductor sales,” said SIA president George Scalise, pictured. “Excluding memory products, total semiconductor sales increased by 11% year on year.
The SIA said sales were buoyed by growing consumer purchases of electronic products in world markets, which ‘more than offset’ the effects of a slowing US economy.
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Author
Graham Pitcher
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