SAN FRANCISCO The three month-rolling average of global chip salesimproved to $23.3 billion in March, up 1.5 percent from Februarybut down 7.9 percent compared with March 2011, according to theSemiconductor Industry Association (SIA) trade group. For the first quarter of the year, chip sales totaled $69.9billion, down 7.9 percent compared to the first quarter of lastyear, according to SIA, which bases its reports on data gathered bythe World Semiconductor Trade Statistics (WSTS) organization. Firstquarter chip sales were down 2.2 percent compared with the fourthquarter of 2011, SIA said. "We are encouraged to see that sequential growth resumed across allregions, especially in Europe and Japan, in March," said BrianToohey, SIA president, in a statement.
"We look for seasonalmoderate growth to continue in the second quarter and buildmomentum as 2012 progresses. However, while forecasts for globaleconomic growth are improving, macroeconomic and geopoliticaluncertainties remain." Chip sales in Europe and Japan improved sequentially by 3.8 percentand 1.2 percent, respectively, SIA said. SIA cited improvingmacroeconomic conditions, increasing semiconductor content across awide range of applications and supply chain recovery related to the2011 Thailand floods as drivers of an improved outlook for theindustry. According to Christopher Danely, an analyst with JP Morgan, SIA'sMarch figures show the single-month total of sales for March was$26.4 billion, up 20.1 percent from February. The month-to-monthimprovement was below the seasonal average from February to Marchof 24.1 percent due to below normal sales of analog and flashmemory chips, Danely said.
Click here to know more about