Global Chip Sales Declined 30.4 Percent in Feb.

Worldwide sales of semiconductors were $14.2 billion in February, a decline of 30.4 percent compared to February 2008 sales of $20.3 billion, according to the Semiconductor Industry Association [SIA], and the downward trend is likely to continue in the months ahead.

In a statement, SIA President George Scalise said the chip industry is undergoing “one of the steepest corrections in its history.” Scalise said it is too early to say the drop in sales has hit bottom, but said “there are some indications that the rate of decline has moderated from the final quarter of 2008.” [via SIA]

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