November 1, 2001
Tech Center
Global Semiconductor Sales Dropped 45%
In September as Demand Remained Weak
Dow Jones Newswires
SAN JOSE, Calif. -- World-wide sales of semiconductors for September plunged 45% to $10.22 billion from $18.44 billion a year earlier amid soft demand for technology products, a U.S. industry group reported.
On a month-to-month basis, September sales fell 2.5% from August sales of $10.48 billion. However, that drop was less than the 3.5% month-to-month decline reported in August, the Semiconductor Industry Association said. September also marked the third consecutive month in which the sales decline eased.
"A broad cross-section of products grew on a unit basis during the September quarter," said SIA President George Scalise, in a prepared statement. "We expect this trend to continue in the December quarter, and with inventories coming into balance, we believe this will lead to sequential quarterly growth in sales."
Mr. Scalise said information-technology products such as personal computers and wireless applications, coupled with digital audio devices and other consumer products, "will be the demand drivers that lead the industry into recovery."
September sales in the European market fell 42% to $2.11 billion from $3.62 billion a year earlier. In the Americas market, sales dropped 59% to $2.44 billion.
Meanwhile, sales in the Asia Pacific market declined 31% to $3.25 billion, and semiconductor sales in the Japan market plunged 43% to $2.41 billion. |
