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As expected, December 2008 saw a massive drop in chip sales, bringing down the full year's results with a 22% year-over-year decline in revenues for the month.
According to the SIA (Semiconductor Industry Association), sales fell from $22.3 billion in December 2007 to $17.4 billion in December 2008. December sales declined by 16.6% from November 2008 when sales were $20.9 billion. (See chart below.)
“The global economic recession severely dampened semiconductor sales in the fourth quarter of 2008, historically a strong quarter for the industry,” said SIA President George Scalise (pictured) in a statement today. “Weakening demand for the major drivers of semiconductor sales -- including automotive products, personal computers, cell phones, and corporate information technology products -- resulted in a sharp drop in industry sales that affected nearly all product lines. Once again, the steepest revenue declines were in the memory sector where price pressure more than offset significant growth in total bit shipments.”
2008 marked the first year-on-year drop in sales since 2001, SIA's data showed. Total sales for 2008 were $248.6 billion compared to $255.6 billion in 2007, a decrease of 2.8%.
“As consumers worldwide drive over 50% of demand for semiconductors, the fortunes of the chip industry are increasingly linked to macroeconomic conditions such as GDP, consumer confidence, and disposable income,” Scalise said. “Sales of electronic products held up reasonably well during the first nine months of 2008, but fell sharply as turmoil in the global financial industry unfolded."
The decline in consumer spending indirectly hit the memory segments especially hard in 2008.
"The memory content of cell phones and PCs continued to increase dramatically driving large increases in total bit shipments," Scalise said. "Over the past 12 months, DRAM content of the typical PC grew by 44% to an average of 1.8 gigabytes, while the NAND content of a typical cell phone increased by 244%. However, severe price pressure resulted in significant declines in revenues for these product lines.”
Scalise, an active advisor to the United States government on the state of the tech industry and its role in the US economy, suggested a large part of the semiconductor industry's recovery will depend on federal measures.
“The industry is currently facing an unprecedented period of uncertainty," he said. "A resumption of sales growth will depend in part on the effectiveness of various measures now under consideration by the federal government to restore consumer confidence, improve liquidity, and stimulate economic growth.”
Tthe satellite was carried into orbit by the Iranian-made satellite carrier Safir (File) |
TEHRAN (Agencies)
"In another achievement for Iranian scientists under sanctions, Iran launched its first home-made Hope satellite into orbit," said the television.
" In another achievement for Iranian scientists under sanctions, Iran launched its first home-made Hope satellite into orbit," said the television " Iranian state TV
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Safir is about 22 meters long, with a diameter of 1.25 meters
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The group,Thirst No More, was supposed to be in the region supplying drinking water (File) |
KHARTOUM (AlArabiya.net, Reuters)
Sudanese authorities told the offical Suna news agency they found 3,400 copies of Christianity's sacred book in the office run by water charity Thirst No More in North Darfur, a region that is almost entirely Muslim.
Officials told Suna they had decided to expel the Texas-based group "for its violation to the Voluntary Work Act, the Country Agreement and the regulations on registration of organizations in Sudan."
Suna said Thirst No More was supposed to be in the war-torn region supplying drinking water. It had "failed to provide justification" for its ownership of so many bibles, North Darfur's HAC commissioner Osman Hussein Abdalla told the agency.
Thirst No More's website describes its work in Darfur as focused on repairing and drilling water wells and makes no mention of evangelism or other faith-based work.
The vast majority of aid groups in Darfur, including ones with religious foundations, voluntarily sign up to a Red Cross code of conduct that says aid should not be used "to further a particular political or religious standpoint".
Freedom of religion is enshrined in Sudan's constitution, created after a 2005 peace deal ended two decades of war between the mainly Christian and animist south and the mostly Muslim north, which includes Darfur, however apostasy is banned in the Darfur region.
Aid groups are running the world's largest humanitarian operation in Darfur where, international experts say, more than 2.5 million have fled their homes in almost six years of fighting.
| RIYADH: Custodian of the Two Holy Mosques King Abdullah yesterday visited two seriously wounded Palestinians who have been admitted to King Faisal Specialist Hospital (KFSH) in Riyadh. Nine Palestinians arrived in the Kingdom by plane on Thursday night. Two of them were admitted to KFSH, while the others were sent to the National Guard Hospital, the King Khalid University Hospital, the King Fahd Medical City, the Riyadh Armed Forces Hospital and the Security Forces Hospital. The patients, who arrived in Medevac air ambulances, were ferried from Areesh Aiport to Riyadh Airbase on the instructions of King Abdullah. Dr. Khalid Al-Mirghlani, spokesman for the Ministry of Health, said the nine included an eight-year-old boy and two seriously injured patients who were unconscious. “Each patient was accompanied by a close relative,” he added. The two Palestinians the king met were Emad Al-Khalidi, 22, who suffered multiple injuries including a broken leg in an Israeli missile attack, and Mahmoud Abu Sultan, 20, who suffered severe head injuries in an airstrike on his home. On his arrival at the hospital, King Abdullah was received by a number of officials including Dr. Fahd Al-Abduljabbar, the king’s adviser and chairman of the KFSH’s board of directors, and Dr. Qassem Al-Qasabi, the hospital’s executive general supervisor. The king was given briefings about the patients’ health conditions. He requested the hospital to exert utmost care in treating the Palestinians and asked the authorities to provide their accompanying relatives with proper lodging during their stay in the Kingdom. Fahad Al-Dosary, spokesman for the KFSH, said the two patients were admitted to the hospital’s Intensive Care Unit, as their condition was very bad. He said that following treatment, Al-Khalidi had shown remarkable improvement and would soon be transferred to the general ward. Abu Sultan, who underwent emergency orthopedic surgery yesterday after the king’s visit, had not regained consciousness until late in the evening. |