SAN JOSE -- Worldwide chip sale dropped 5.8% to $13.72 billion in April from $14.56 billion in March, but revenues increased sequentially in the Asia Pacific region for the first time since the third quarter of 2000, said the Semiconductor Industry Association here today.
The SIA's monthly sales report shows chip revenues in the Asia Pacific region growing 3.4% in April to $3.54 billion vs. $3.42 billion in March, based on a three-month moving average. Asia Pacific chip sales declined 8.8% compared to $3.88 billion in April last year, said the report.
"The overall demand continues to reflect the inventory correction that began in the fourth quarter of 2000," said George Scalise, president of the SIA. "For the first time since the September quarter of 2000, Asia Pacific sales had a modest increase on a sequential basis reflecting improved supply-demand balance in the PC market."
On a year-to-year basis, worldwide chip revenues dropped 10.2% in April compared to $14.56 billion in the month last year.
Hit the hardest in April was the Americas chip market, which dropped 8.8% to $3.75 billion in April from $4.11 billion in March. Semiconductor revenues in the Americas were 19.1% lower in April compared to $4.64 billion in the month last year, said the SIA report.
In Japan, chip sales sequentially dropped 6.5% to $3.35 billion in April vs. $3.59 in March, said the report. Japan's chip sales were 2.1% lower in April than $3.43 billion in April 2000.
Europe's semiconductor market dropped 6.2% in April to $3.07 billion compared to $3.27 billion in March, based on the SIA's three-month moving average. Europe's chip sales dropped 7.9% compared to $3.33 billion in April 2000, the report said.