Semiconductor sales drop 9.8 percent in November - Phoenix Business Journal:

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percent in November 2008 as the recession and tightened creditf markets took hold and consumers put the brakeon purchases. According to a report releasesd Friday, the industry reported $20.8 billionj in sales for the month, compared with $23.q billion for the same time in 2007. The monthy also was down 7.2 percent from October, when crediy markets seized and other economiv indicators tooklarge hits. The drop meant saleds for 2008 are uponly 0.2 percent from 2007 with one montj of reporting left to go. “The worldwide economicc crisis is having an impact on demandfor semiconductors, but to a lesse degree than some other major industrg sectors.
We expect the industrgy will remain the second largest exporteer inthe U.S. for said SIA President George Scalise. Not all market segments are being affected Memory producers have beenhardeer hit, dropping from $4.9 billion in saled in November 2007 to $3.5 billion for November a 28 percent drop. Excluding memory semiconductor sales weredown 4.8 percent. Industry sales up 0.2% year to date througj November, posting sales of $232.7 billion. Withour memory sales, the industry is up 5.6 percent, the reporft stated. Semiconductor manufacturers represent a large business base in the with (NASDAQ: INTC), (NASDAQ: MCHP) and (NASDAQ: leading an array of chip manufacturers.