Worldwide sales of semiconductors and integrated circuits (IC) fell again in March 2001, semiconductor revenues by another 7 percent, and IC units by about 3 percent (see figure 1).The Semiconductor Industry Association (SIA) indicates that soles are getting worse 'across-the-board'. The decline is affecting every product sector and most geographic regions. The Americas and Asia Pocific regions have been hit the hardest by the economic downturn. Selected market segments in Europe and Japan appear somewhat stronger. SIA president George Scalise indicated 'We continue to believe that the industry will complete the inventory correction in the third quarter and the recovery will commence in the fourth quarter'.
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