Semiconductor Sales Drop

The worldwide financial crisis is starting to hurt the semiconductor industry, according to the latest report from the Semiconductor Industry Association. The SIA said today that worldwide semiconductor sales dropped by 2.4 percent in October, down to $22.5 billion in sales versus 2007 sales of $23.0 billion. The SIA said the October drop in sales continues a trend that first became evident in September. The group said it expects the financial turmoil to continue to impact demand for semiconductors in 2009, saying that it a 5 percent decline in PC unit shipments, and 9 percent drop in cell phone unit shipments next year.