Semiconductor sales fall 42%

Tuesday, 02 October, 2001

Semiconductor worldwide sales fell 42% in August as demand for chips used in products ranging from computers to mobile phones declined, the Semiconductor Industry Association said. September sales may also have declined, the group said.

Spending on computers and other devices may have fallen last month as consumers became more concerned about the economy after the US terrorist attacks. Chipmakers from Intel to LSI Logic have already fired thousands of workers in response to what analysts say will be the industry's worst year on record.

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