According to the latest report from the Semiconductor Industry Association,rnworldwide sales of semiconductors totaled $14.2 billion in February, a decline of 30.4 percent from 2008. February sales were also down 7.6 percent from January.rn"The global semiconductor industry is going through one of the steepest corrections in its history," said SIA President George Scalise. "While it would be premature to conclude that the sales decline has hit bottom, there are some indications that the rate of decline has moderated from the final quarter of 2008. The world's two largestrnfoundry manufacturers have recently reported slight improvements in factory utilization rates, albeit at levels well below those of a year ago ... Demand for semiconductors is likely to continue well below 2008 levels for the next few quarters, with a gradual recovery to follow as the global economy recovers," he concluded.
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