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Global sales of semiconductors were severely impacted by the world-wide economic turmoil in 2008 resulting in the first year-on-year drop in sales since 2001.
Total sales for 2008 were $248.6 billion compared to $255.6 billion in 2007, a decrease of 2.8 percent. Sales fell from $22.3 billion in December 2007 to $17.4 billion in December 2008, a decline of 22 percent. December sales declined by 16.6 percent from November 2008 when sales were $20.9 billion.
The global economic recession severely dampened semiconductor sales in the fourth quarter of 2008, historically a strong quarter for the industry. Weakening demand for the major drivers of semiconductor sales--including automotive products, personal computers, cell phones, and corporate information technology products – resulted in a sharp drop in industry sales that affected nearly all product lines. Once again, the steepest revenue declines were in the memory sector where price pressure more than offset significant growth in total bit shipments.
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Written by WEE Technology Company Limited
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