Worldwide chip sales stronger than expected says SIA

Worldwide chip sales stronger than expected says SIA
Tom Foremski
Worldwide chip sales in the fourth quarter of last year showed stronger growth than expected, says the US Semiconductor Industry Association (SIA).
Global chip sales were $11.31bn in December for a year-end total of $125.61bn. The fourth quarter of 1998 showed a surprising 10.5 per cent increase over third quarter results. The SIA noted that slower fab building brought chip supply closer to demand levels and Far East markets showed signs of recovery.
“December is the first month in 1998 when two of the world markets showed growth on a year-over-year basis,” said SIA President George Scalise. “Asia-Pacific’s sales in December are up 2.4 per cent from December 1997, when the financial crisis had not yet taken effect. This stabilisation bodes well for favourable sales in 1999.”
The European market showed continued strength, rising in December by five per cent compared with 1997. Sales in Japan and the Americas declined 8.3 per cent and 4 per cent, respectively, from December 1997.

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