Worldwide semiconductor sales have declined 3.2% in August 2012 to $24.3bn from $25.1bn recorded during the corresponding month in 2011, according to a report by Semiconductor Industry Association (SIA).
Compared to the July sales the growth remaining flat, rising just 0.1% to $24.3bn, compared to $24.27bn recorded during earlier month.
Year-to-date sales also dropped 4.6% to $189.46bn compared to the same period last year.
In the Americas region, semiconductor sales rose 0.1% sequentially on monthly basis for the first time since April 2012.
In Europe, sales dropped 1.9%, while the growth of sales remaining flat in Asia Pacific region.
In terms of year-on-year sales, European region reported 9.8% decline from $3.07bn in August 2011 to $2.77bn during August this year.
During three months Americas and European region recorded respective decline of 6.6% and 2.5%, while Japan recorded 8.2% growth.
Semiconductor Industry Association president and CEO Brian Toohey said global semiconductor sales have held steady in recent months despite strong macroeconomic headwinds, but these challenges have hampered growth.
"With Election Day fast approaching, candidates should have a vigorous discussion about enacting government policies to reduce business uncertainty, accelerate the economic recovery and keep America at the forefront of innovation," Toohey said.
This article is from the CBROnline archive: some formatting and images may not be present.
Join Our Newsletter
Want more on technology leadership?
Sign up for Tech Monitor's weekly newsletter, Changelog, for the latest insight and analysis delivered straight to your inbox.