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Featured Story: Consumer spending damaging semi sales, growth to return in 2010, SIA reports
Monday, 24 November 2008 05:57
Full Issue
Consumers are firmly positioned in the driver's seat when it comes to worldwide semiconductor sales -- and that's a negative in the current economic environment.
"The current global economic turmoil is clearly having a significant impact on semiconductor sales,” said George Scalise, president of the SIA (Semiconductor Industry Association), in a statement. “The fortunes of the semiconductor industry are increasingly tied to consumer spending on electronic products. Consumer purchases now drive well over half of worldwide semiconductor sales."
On lower consumer spending brought about by the financial crisis, the SIA projected the first decline in sales since 2001 in its annual forecast of global semiconductor sales today.
Read more in the November 19, 2008 EDN
"Consumer spending damaging semi sales, growth to return in 2010, SIA reports "
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