To: tech101 who wrote (269 ) 7/7/1999 5:59:00 PM From: tech101 Respond to of 1056
Asia, Japan chip sales help fuel 1999 recovery, says SIA report A service of Semiconductor Business News, CMP Media Inc. Story posted 5 p.m. EST/2 p.m., PST, 7/6/99 SAN JOSE -- The Asian chip markets are exploding in growth again and driving the industry's 1999 recovery, according to the latest sales figures released today by the Semiconductor Industry Association (SIA). In May, chip sales in the Asia Pacific region jumped 17.9% to $2.77 billion compared to $2.35 billion in the same month last year, the SIA said. The Asian market growth helped to push worldwide semiconductor sales up 11.8% to $11.28 billion in May compared to $10.09 billion a year ago, based on a three-month moving average in the SIA's global billings report. Compared to April's sales, semiconductor revenues in May were up just 0.8% (see table below). In most regional markets, chip sales growth cooled down in May compared to the previous month. The SIA report said Europe's sales dropped 2.8% to $2.41 billion in May vs. $2.48 billion in April, while chip revenues in the Americas grew by only 0.6% to $3.64 billion vs. $3.62 billion in the previous month. Chip sales in Japan, however, showed comparative strength, rising 0.9% to $2.46 billion in May vs. $2.43 billion in April--the second highest month-to-month gain next to the Asia Pacific region. Chip sales in the Asian Pacific region grew 4.3% in May compared to $2.66 billion in April, according to the global billings report. "May's global sales numbers are a clear indication of the positive and solid growth of our industry" declared George Scalise, president of SIA. The SIA was encouraged by Japan's 15.3% increase in semiconductor revenues in May compared to $2.13 billion the same month a year ago. European chip sales slip as Asian market take off Region May 1999 May 1998 April 1999 % change from year ago % change from previous month America $3.64 billion $3.28 billion $3.62 billion 11.2% 0.6% Europe $2.41billion $2.34 billion $2.48 billion 3.2% -2.8% Japan $2.46 billion $2.13 billion $2.43 billion 15.3% 0.9% Asia Pacific $2.77 billion $2.35 billion $2.66 billion 17.9% 4.3% World total $11.28 billion $10.09 billion $11.20 billion 11.8% 0.8% TEXT TEXT TEXT TEXT TEXT TEXT TEXT TEXT Source: SIA's Global Sales Report204.247.196.31