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Global semiconductor sales are forecast to fall in 2009, the first decline in eight years, as the financial crisis takes its toll on consumer spending, a chip industry trade group said Wednesday.
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The Semiconductor Industry Association expects 2009 chip sales to fall 5.6 percent to $246.7 billion, following a forecast 2.2 percent increase in 2008 to $261.2 billion.
The trade group expects growth to resume in 2010, with chip sales rising 7.4 percent to $264.9 billion, and increasing another 7.5 percent to $284.7 billion in 2011.
"The current global economic turmoil is clearly having a significant impact on semiconductor sales," said SIA President George Scalise in a statement.
"The fortunes of the semiconductor industry are increasingly tied to consumer spending on electronic products," he said.
"Consumer purchases now drive well over half of worldwide semiconductor sales." The SIA represents makers of silicon chips that run computers, mobile phones and other electronics devices.
The Philadelphia semiconductor index [SOXX
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] fell 1.03 percent in early trading on Wednesday.
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