Financial Times FT.com

Chip sales set to slump for first time since 2001

By Chris Nuttall in San Francisco

Published: November 19 2008 19:08 | Last updated: November 19 2008 19:08

Sales of semiconductors – the drivers of the digital age – are set to slump next year for the first time since the bust of 2001.

The Semiconductor Industry Association (SIA) on Wednesday forecast a 5.6 per cent fall in annual sales for its members in 2009 in a clear indicator that the foundations of the computing and electronics industries are being shaken by recession.

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