January chip sales up 1.2% from a year ago, but down 1.9% from December
A service of Semiconductor Business News, CMP Media Inc.
Story posted 12:30 p.m. EST/9:30 a.m. PST, 3/15/99
SAN JOSE --The worldwide semiconductor market continued to show signs of steady recovery in January with chip sales rising 1.2% to $11.10 billion compared to $10.97 billion in the same month last year, according to the Semiconductor Industry Association here today. Sales growth was the strongest in the Asia-Pacific region, but chip demand fell by 2.7% in the Americas, based on SIA's three-month moving average.
The SIA global sales report shows worldwide chip sales at their second highest total for January in nearly a decade. The trade group said January was the first month in nearly a year that sales were higher than they were a year ago.
Compared to December, total chip sales 1.9% in January, said the SIA.
"The Asia Pacific market continues to show signs of recovery," said George Scalise, SIA president. "Economic reforms brought on by the financial crisis are taking effect. January's sales reflect a continuation of the strength in semiconductor sales that began to emerge in the fourth quarter of 1998."
Semiconductor sales grew in Asia Pacific 9.1% to $2.632 billion in January vs. $2.413 billion in the same month a year ago. Europe's semiconductor revenues was up 2.8% to $2.513 billion compared to $2.584 billion in January 1997, said the monthly sales report.
In the Americas, semiconductor sales fell 2.7% to $3.588 billion compared to $3.688 billion in January 1997. Japan's chip sales was 2.5% lower in January at $2.294 vs. $2.352 billion a year ago, based on the three-month moving average. |
