Semiconductor Sales Rise While Prices Fall

Main growth in Asian-Pacific region
By Laila Weir,  Newser User
Posted Dec 3, 2007 1:52 PM CST
In this photo released by the Samsung Electronics Co., South Korean employees of Samsung Electronics Co. work at the resumed assembly line at semiconductor plant in Suwon, south of Seoul, Monday, Aug....   (Associated Press)
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(Newser) – Semiconductor sales in October went up 5% worldwide from last year, thanks to strong growth in the Asian-Pacific region and Japan, and an industry association forecasts 3.8% growth for the year, reports the Wall Street Journal. Meanwhile prices have dropped rapidly -- "Consumers are reaping huge benefits from continued rapid price attrition," said the association president.

October sales reached $23.1 billion, up from $22 billion last year and $22.6 billion in September. Chip sales increased 8.5% in the Asian-Pacific region, 6.6% in Japan and 2.2% in Europe, while sales fell by 3.1% in the Americas. U.S. retailers reported strong consumer electronics sales on the day after Thanksgiving.