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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: advocatedevil who wrote (51418)	9/4/2001 1:34:12 PM
From: Proud_Infidel	Respond to of 70976

July chip sales continue nosedive with Americas down 51% from last year SIA still predicts inventory corrections will end in Q3 with uptick starting in Q4 of 2001 Semiconductor Business News (09/04/01 09:36 a.m. EST) SAN JOSE -- Nearly no surprises here: worldwide chip sales plunged 37.2% to $10.86 billion in July from $17.29 billion in the month last year, reported the Semiconductor Industry Association here today. The SIA said July semiconductor sales, based on a three-month moving average, dropped 6.1% from $1.57 billion in June. In the Americas, semiconductor revenues dropped a whopping 51.2% to $2.70 billion in July compared to $5.54 billion in the same month last year. The SIA monthly report said chip sales in the Americas fell 7.0% from June's $2.90 billion. "Recent reports suggest that inventory reduction accelerated in the second quarter of 2001," said George Scalise, SIA president. "This, combined with improving order levels, supports our view that the inventory correction will be largely completed in the September [third] quarter. "We expect sales of personal computers, communications products and a variety of hand held devices, including newly introduced digital audio products, will accelerate demand for a broad range of semiconductors leading to a return to sequential growth for the industry in the December quarter," said Scalise, repeating the trade group's forecast for a late 2001 uptick in chip sales. Chip sales in Europe suffered the most in July with a 34% drop on a year-to-year basis and a 9.8% decline month-to-month. The slowdown in Europe continued to the decline, which pushed chip sales down to $2.27 billion from $3.44 billion in July 2000 and $2.52 billion in June. Semiconductor sales in Japan dropped 28.6% to $2.78 billion from $3.89 billion in the month last year, and revenues fell 4.9% from $2.92 billion in June, according to the SIA's three-month moving average. The world's largest chip market, the Asia Pacific region, dropped 29.7% to $3.11 billion compared to $4.42 billion in July 2000. The Asia Pacific region's chip sales slipped 3.5% in July from $3.22 billion in June, the SIA monthly report said.