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Global semiconductor sales reached $12.53 billion in December 2002, a 2.3 percent decrease from the $12.83 billion in revenue reported in November 2002, and a 23.1 percent increase from the $10.18 billion total recorded in December 2001.
“The recovery that began in the final quarter of 2001 continued throughout 2002, producing 1.3 percent growth in this turnaround year,” stated SIA President George Scalise. “We expect further improvement across board product sectors, positioning the industry for 19.8 percent growth in 2003, increasing revenues to $169.3 billion.”
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The three-month average of worldwide bookings in December 2002 was $839 million. The bookings figure is slightly above the revised November 2002 level of $777 million, yet 37 percent above the $614 million in orders posted in December 2001.
The three-month average of worldwide billings in December 2002 was $853 million. The billings figure is 13 percent below the revised November 2002 level of $976 million and 5 percent above the December 2001 billings level of $810 million.
The Buzz
“The increased bookings level suggests further capital equipment market stabilization. While the bookings figure is well below the peak level in 2002, the bookings and billings figures are nearing parity, which is seen as a positive trend.” – Stanley Myers from SEMI.
“We expect the momentum built throughout 2002 in both cell phones and PCs to increase in 2003. As a result, for the first time since 2000, we believe IT spending on hardware will register an increase.” – George Scalise from SIA.