Global chip sales recovering

Posted on Tuesday, Aug 04 2009 @ 01:10 CEST by Thomas De Maesschalck
The Semiconductor Industry Association (SIA) released figures about global semiconductor sales in June. The good news is that sales rose 3.7 percent from May to $17.2 billion, but the bad news is that this figure is still 20 percent below June 2008 when sales added up to $21.6 billion.
"The fourth-consecutive monthly increase in sales is one indicator the industry is returning to normal seasonal growth patterns," commented George Scalise, president of SIA, specifying that supply chain management by both producers and customers helped to moderate the impact of the global economic recession on the industry.

Scalise added: "Inventories have been closely managed, encouraging us to believe that the sequential increase in quarterly sales represents a gradual recovery of demand."
Source: EE Times

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Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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