Chip sales slide in first quarter despite uptick in March

Worldwide chip sales plunged 30% in the first quarter despite a small uptick in March, illustrating a market that remains cloudy, an industry group said Friday.

Chip sales totaled $14.7 billion in March, down 30% from the same month last year, the Semiconductor Industry Association said in a report Friday. In a dramatic indication of the chip industry slump, sales for the first quarter of 2009 totaled $44 billion, down 29.9% from the year-earlier period.

The group cited that chip sales in March showed a "modest sequential rebound," coming up 3.3% from February. This, however, was nearly identical to a gain in the February-March period last year, suggesting a seasonal gain rather than an uptick in growth.

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- Posted: 2009-05-01 09:27:07

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