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October chips sales up 2.5% on September

Not bad in the circumstances...

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October wasn't too bad a month for the world's chip makers, the Semiconductor Industry Association has reported. Sales were up 2.5 per cent on September, marking the fourth consecutive month that the industry has seen sequential growth.

Of course, the SIA is still predicting that the final figures for the year as a whole will show sales down 31 per cent on 2000's record-breaking numbers, but the latest figures do at least suggest that the worst is over.

October's sales were down 44.1 per cent on the total notched up during October 2001.

Q4 is expected to show growth of 4.7 per cent over Q3 leading the recovery which will see 6.3 per cent growth next year and 21 per cent growth in 2003 and 2004. By then the industry will achieve sales of $218 billion - and finally move above the $204 billion worth of semiconductors that were sold last year. Sales made during 2001 will total $141 million.

During October, only Japan saw a dip in sales, down 2.6 per cent. Europe grew 5.1 per cent, Asia-Pacific four per cent and North America 3.1 per cent.

SIA president George Scalise put the growth down to "increases in unit demand for a broad cross section of products are being driven by personal computers, cell phones and related communication products, along with a variety of consumer devices". ®

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