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To: Proud_Infidel who wrote (3715)	12/9/1999 5:12:00 PM
From: Duker	Read Replies (1) \| Respond to of 5867

Global semiconductor sales up 23.3 to record level Thursday December 9, 4:56 pm Eastern Time SAN JOSE, Calif., Dec 9 (Reuters) - Worldwide semiconductor sales in October surged 23.3 percent to a record level and outpaced the forecast for this year, the Semiconductor Industry Association said on Thursday. October semiconductor sales rose to a record $13.4 billion, up from $10.87 billion in the same period a year ealier, surpassing the $13.19 billion record set in November, 1995, the Association said. Its member companies comprise more than 90 percent of U.S.-based semiconductor production. ``Our record sales in October are a continuation of the strong growth pattern that commenced in mid-1998,' SIA President George Scalise said in a statement. With October's sales numbers, year-to-date numbers have outpaced the Association's growth forecast of 14.7 percent by posting a growth rate of 15.6 percent. Sales are expected to top $144 billion this year. The growth in semiconductor sales is being driven by the surge of wired and wireless information appliances and Internet infrastructure products. Cellular phones will continue to be one of the major industry growth drivers, the SIA said. By 2000, semiconductor sales are expected to grow by 21 percent, with sales at $174 billion. For 2001, growth is expected to be at a 20 percent rate, with $209 billion in sales. By 2002, the rate of growth should slow to 12 percent rate, with sales reaching a record high of $234 billion, the Association said. Monthly sales compared to the year earlier period grew most rapidly in Japan, at a 37.7 percent rate, followed by Asia Pacific at 35.6 percent. The Americas' posted a 15.5 percent growth rate, with Europe showing a 10.4 percent growth rate.