Semiconductor sales worldwide dropped over 37 per cent in July, hit by slowing economies and bloated inventories, an industry association said today.
Global sales of semiconductors fell to $10.86 billion in July, from $17.29 billion a year ago, the Semiconductor Industry Association said.
But it said efforts to cut down inventories accelerated in the second quarter this year and, combined with improved order levels, the problem of excess inventories would be corrected in the September quarter.
Sales of personal computers, communications products and hand-held devices, including newly introduced digital audio products, are expected to boost demand for a broad range of semiconductors, the association said.