The Semiconductor Industry Association (SIA) said that global chip sales fell by 17 per cent in May, because of the effects of the Asian economic crisis.
The trade organisation said that sales in May fell to $9.9 billion, compared to $11.45 billion from the year before. Sales in the month also dropped four per cent compared to the month before. April revenues amounted to $10.4 billion.
According to the SIA, it was Japanese sales which fell the most, by 19.3 per cent compared to May 1997. But north American sales were also down by 17.9 per cent.
Europe fared better than the other regions, showing a drop of only 2.5 per cent, while the Asia-Pacific region as a whole fell by 7.6 per cent.
The Association said that the sales were in line with its earlier forecasts, but is still optimistic about the future of the industry. It is forecasting strong growth for the fourth quarter and said earlier this year that growth in the mobile market and in the Internet will make the chip market buoyant through the millennium.
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