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June chip sales slide

Down 8.8% on May

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Worldwide chip sales slumped to $11.60 billion in June, down 8.8 per cent on May's $12.71 billion.

But compared with June 2000 sales of $16.74 billion they bombed 30.7 per cent according to the Semiconductor Industry Association (SIA).

Economic slowdown and excess inventories are blamed for the lower sales.

In Europe seminconductor sales slipped 10.6 per cent from May to June, $2.83 billion down to $2.53 billion. Sales were down 26.8 per cent on the previous year.

The Americas market was down 12.9 per cent - $3.34 billion in May, $2.91 billion in June. It fell 45.1 from June last year. ®

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