PRESS RELEASE: SIA Reports March Chip Industry Sales
Thursday May 2, 3:07 am Eastern Time
SAN JOSE , Calif. --(BUSINESS WIRE)-- May 2, 2002 --Worldwide sales of semiconductors totaled $10.75 billion in March, a 7.2% increase from the $10.03 billion level reached in February, and the highest monthly sequential increase since April 1986 reported the SIA.
"Led by strong DRAM sales, this is a record rise in first quarter growth for the semiconductor industry," stated SIA president, George Scalise. "The March quarter sales are another sign that the industry is rebuilding from 2001, with growth in all major geographic regions except Japan , which was flat. The sales increase was dominated by a record 82.4% sales rise in the DRAM market, with essentially flat sales in other product areas as forecasted. The DRAM sales are a result of increased demand and price increases from the depressed levels of 2001."
"Quarterly growth of 5.6% indicates that inventory build-up has been worked through and product demand is now beginning to pick up. The outlook for the second quarter is for single digit sales growth followed by stronger growth rates in the second half of the year. As expected, the semiconductor industry should close out 2002 with modest but sustained overall growth."
On a month-to-month basis, the Asia Pacific market led the sales increase with a 10.4% rise over February, while Europe and Japan grew 7.7% and 5.7%, respectively. Sales in the America's grew a steady 3.6% over last month. During March, growth occurred uniformly across most product sectors.
The SIA's Global Sales Report (GSR) is a three-month moving average of sales activity. The GSR is tabulated by the World Semiconductor Trade Statistics ( WSTS) organization, which represents approximately 66 companies. The moving average is a mathematical smoothing technique that mitigates variations due to companies' monthly financial calendars.
About the SIA
The SIA is the leading voice for the semiconductor industry and has represented U.S. -based manufacturers since 1977. SIA member companies comprise approximately 90% of U.S. -based semiconductor production. Collectively, the chip industry employs a domestic workforce of 284,000 people. More information about the SIA can be found at www.sia-online.org.
Billions
Month-to-Month
Sales
Market Last Month Current Month % Change
Americas 2.52 2.61 3.6%
Europe 2.10 2.26 7.7%
2.01 2.12 5.7%
Asia Pacific 3.40 3.76 10.4%
Total 10.03 10.75 7.2%
Year-to-Year
Sales
Market Last Year Current Month % Change
Americas 4.11 2.61 -36.6%
Europe 3.28 2.26 -31.0%
3.59 2.12 -41.0%
Asia Pacific 3.42 3.76 9.7%
Total 14.41 10.75 -25.4%
Three-Month-Moving
Average Sales
Market Last 3 Months Current 3 Months % Change
Americas 2.47 2.61 5.6%
Europe 2.20 2.26 3.1%
2.13 2.12 -0.3%
Asia Pacific 3.39 3.76 11.0%
Total 10.18 10.75 5.6%
CONTACT: Semiconductor Industry Association,
Molly Tuttle/Doug Andrey, 408/436-6uttle@sia-online.org
dandrey@sia-online.org
KEYWORD:
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS HARDWARE
SOURCE: Semiconductor Industry Association
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: businesswire.com
(This story was originally published by Dow Jones Newswires)
Copyright (c) 2002 Dow Jones & Company, Inc.
All Rights Reserved |
