The chip industry grew a scant 0.4 percent in 2011, but that was enough to push it to a record $299.5 billion for the year. That wasn’t a bad performance given a weak global economy and disasters in Japan and Thailand.
The Semiconductor Industry Association (SIA), the chip industry’s trade group, said the sales for 2011 compared to $298.3 billion a year earlier. Growth in chips is critical for the economy since semiconductor chips are the backbone of everything electronic.
Worldwide chip sales in December were $23.8 billion, down 5.5 percent from the prior month. Fourth quarter sales were $71.5 billion, down 7.7 percent from the prior quarter and down 5.3 percent from the same period in 2010. All sales numbers represent a 3-month moving average, a statistical smoothing tactic.
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