SIA reports fall in chip sales

SIA reports fall in chip sales
Tom Foremski
Global chip sales fell by almost 13 per cent in May 1998 compared with one year ago, reports the Semiconductor Industry Association, (SIA), in its latest chip sales report that shows falling sales in all four major regional chip markets.
May chip sales fell by 4 per cent to $9.99bn compared with April with chip sales declining by 3.4 per cent in Japan, 4.6 per cent in the Americas, Europe by 3.6 per cent and Asia-Pacific sales down by 3.7 per cent.
“The semiconductor industry is still responding to the effects of the slowdown of the Asian economies,” said SIA President George Scalise. The SIA predicts that the global chip market will shrink by 1.8 per cent this year compared with 1997.
The slowdown in chip markets is seen in a flurry of recent announcements by chip makers involving thousands of job cuts and major reorganisations.

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