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SIA Forecast: 2009 sales will decline by 5.6 percent to $246.7 billion

20 November 2008 | By Mark Osborne | News > Fab Management

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SIA Forecast: 2009 sales will decline by 5.6 percent to $246.7 billionThe Semiconductor Industry Association (SIA) is projecting the first decline in sales since 2001. 2009 sales will decline by 5.6 percent to $246.7 billion before resuming growth in 2010. Sales will grow by 7.4 percent in 2010 to $264.9 billion and by 7.5 percent in 2011 to $284.7 billion.

2008 sales of $261.2 billion are expected with a 2.2 percent increase from 2007 sales of $255.6 billion.

“The current global economic turmoil is clearly having a significant impact on semiconductor sales,” said SIA President George Scalise. “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.”
 
“The September sales figures provided the first sign of a slowdown in semiconductor sales,” Scalise continued. “Indications are that both consumer and corporate spending on technology will decline in 2009. Visibility is very limited, and much will depend on how quickly public policy makers can act to restore consumer confidence.”
 
The forecast projects growth in all regional markets through 2011. The Asia-Pacific region will continue to be the fastest-growing region, growing from 50.7 percent of global chip sales in 2008 to 52.9 percent in 2011.

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