NEW YORK, NY -- (Marketwire) -- 01/16/12 -- The European debt crisis and floods in Thailand have weighed heavily on chipmakers of late. According to the latest stats from the Semiconductor Industry Association, semiconductor sales in Europe in November 2011 were down 11.5 percent, dropping from $3.42 billion in November 2010 to $3.03 billion. Sales in Japan were also down drastically, declining 8.2 percent year-over-year. The Paragon Report examines investing opportunities in the Semiconductor Industry and provides equity research on Intel Corporation (NASDAQ: INTC) and RF Micro Devices, Inc. (NASDAQ: RFMD). Access to the full company reports can be found at:
The Semiconductor Industry Association (SIA), representing U.S. leadership in semiconductor manufacturing and design, recently announced worldwide sales of semiconductors were $25.1 billion for the month of November 2011, a decrease of 2.4 percent from the prior month when sales were $25.7 billion.
SIA president Brian Toohey says that the Thailand floods and the European economic crisis may continue to impact semiconductor sales in the near term.
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While semiconductor sales in Japan remain lower on a year-on-year basis, the SIA's three-month moving average sales figures suggest an improvement in the Japanese market following the devastating earthquake in March 2011. Semiconductor sales were up 4.7 percent in Japan from September through November as compared with the June through August period.
According to Ron Steger, partner in charge, KPMG global semiconductor practice, "wireless, computing and consumer applications are providing the strongest demand for semiconductors, and with retail sales strengthening."
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