Global chip sales dip 9% in 2009

Global chip sales dip 9% in 2009

Annual sales fell from $248.6 billion in 2008 to $226.3 billion in 2009, beating earlier estimates that the global recession would drive sales down to $219.7 billion.

“2009 turned out to be a better year for the global semiconductor industry than expected,” association President George Scalise said in a statement. “A strong focus on inventories throughout the supply chain mitigated the impact of the worldwide economic downturn and positioned the industry for growth as the global economy recovers,” he added.

The industry trade group forecast that sales will grow by 10.2 per cent to $242.1 billion in 2010, driven by sales of computers and mobile phones, with the most growth coming from China and India.

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