Semiconductor Sales Rose 14% in January to $16.9 Bln, SIA Says
San Jose, California, March 5 (Bloomberg) -- Worldwide semiconductor sales rose 14 percent in January from a year earlier, the fifth straight month of slowing sales, an industry group said.
January chip sales reached $16.9 billion, the Semiconductor Industry Association said. That's a 5.7 percent decline from December 2000, when sales reached $17.9 billion.
Texas Instruments Inc. and Motorola Inc. said last month they'd miss sales forecasts because of a slump in orders. Chip sales fell short of expectations last year as phone and PC makers used up inventories. Sales last year rose to $204 billion, compared with the SIA's prediction of $205 billion.
``The industry is currently experiencing lower sales due to an inventory overhang,'' George Scalise, SIA's president said in a statement. ``Current forecasts suggest the inventory adjustment will be completed by the end of the third quarter, and end-market product demand will improve later in the year.''
The Japanese region posted the fastest growth in January, with a 23 percent increase from the same month last year, the Semiconductor Industry Association said. Revenue in Asia climbed 2.9 percent, while sales increased 15 percent in the Americas and Europe.
Monthly figures from the association are three-month moving averages.
Mar/05/2001 7:39 ET
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