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Global semiconductor sales fell 22 percent in December amid slumping demand for a wide swath of products that use chips, ranging from computers and mobile phones to cars, an industry group said.
The Semiconductor Industry Association (SIA) said sales fell $17.4 billion from $22.3 billion. Sales in December were down 16.6 percent from November levels.
By contrast, November chip sales fell only 10 percent from November 2007.
"The global economic recession severely dampened semiconductor sales in the fourth quarter of 2008, historically a strong quarter for the industry," said SIA President George Scalise, in a statement.
(Watch the accompanying video for the full interview with George Scalise, president of SIA...)
He cited weakening demand for the major drivers of semiconductor sales—including automotive products, personal computers, cell phones, and corporate information technology products. The steepest revenue declines were in the memory sector where price pressure more than offset significant growth in total bit shipments."
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