Chip Sales Increase Mar 4, 2003

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Worldwide sales of semiconductors rose 22 percent in January from a year earlier, lifted by demand for mobile phones, the Semiconductor Industry Association said.

Sales increased to U.S. $12.2 billion in the first month of this year from $10 billion in January 2002. Sales fell 2.4 percent from December because of seasonal effects, the group said.

Chip sales are rebounding after falling 32 percent in 2001, the
industry's steepest drop, as mobile phone makers are rolling out new models equipped with cameras, color screens, and faster Internet access.
(Bloomberg News)

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